On Wednesday, Following Stocks were among the “Top Priority Stocks” For Traders - RSP Permian (NYSE:RSPP), Superior Energy Services, (NYSE:SPN), Baytex Energy (NYSE:BTE), Cobalt International Energy, (NYSE:CIE)
Formerly On 17 March 2015 RSP Permian Inc (NYSE:RSPP) divulged that it has priced an underwritten public offering of 5,000,000 shares of its ordinary stock by the Corporation and 4,000,000 shares of its ordinary stock by certain of the Corporation’s stockholders at $25.80 per share. Total gross proceeds (before the underwriter’s discounts and commissions and estimated offering expenses) will be about $129.0 million to the Corporation and about $103.2 million to the selling stockholders. RSPP intends to use the net proceeds from this offering, counting the proceeds from any exercise of the option to purchase additional shares of ordinary stock, to repay all outstanding borrowings under its revolving credit facility and the balance for general corporate purposes, which may comprise funding its drilling and development program and future attainments. The Corporation will not receive any of the proceeds from the sale of the shares of ordinary stock by the selling stockholders.
RSP Permian Inc (NYSE:RSPP)’s shares picked up 3.03%, and closed at $26.17. The stock volatility for the week is 3.32%, while for the month remained 4.62%. The corporation holds consensus target price of $29.90.
If we consider EPS growth of the corporation, then the corporation indicated the following observations:
The corporation showed -0.06 diluted EPS growth for trailing twelve months. However, YTD EPS growth remained -96.60%.
The mean recommendation of analysts for this stock is 2.20. (Where 1=Buy, 5=Sale).
RSP Permian Inc (NYSE:RSPP) an independent oil and natural gas corporation, engages in the attainment, exploration, development, and production of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin of West Texas.
Superior Energy Services, Inc. (NYSE:SPN) raised 2.98%, and closed at $22.13. The stock has price to sale ratio of 0.73, however, price to book ratio is 0.82. With recent incline, the year-to-date (YTD) performance reflected a -7.9% decline below last year. During the past month the stock lose -1.16%, bringing three-month performance to 10.48% and six-month performance to -32.82%. The mean recommendation of analysts for this stock is 2.20 (where 1=Buy, 5=Sale).
Superior Energy Services, Inc. (NYSE:SPN) offers specialized oilfield services and equipment to oil and gas companies in the United States, the Gulf of Mexico, and internationally. It operates through four segments: Drilling Products and Services; Onshore Completion and Workover Services; Production Services; and Technical Solutions.
Formerly On Mon, Mar 16 2015 Baytex Energy Corp (USA) (NYSE:BTE) reports that a cash dividend of $0.10 for each ordinary share in respect of March operations will be paid on April 15, 2015 to investors of record on March 31, 2015. The ex-dividend date is March 27, 2015. This dividend is an eligible dividend for the purposes of the Proceed Tax Act (Canada).
Baytex Energy Corp (USA) (NYSE:BTE) improved 2.98%, and closed at $15.57. The corporation holds the market capitalization of $2.56B. For the last twelve months, the stock was able to keep return on equity at -5.70%, while return on assets at -2.40%, in response to its return on investment at -5.20%. Its 20-day moving average gained 4.70%, below 50-day moving average of -2.56%, below 200-day moving average of -46.12% from the latest market price of $15.57. The mean recommendation of analysts for this stock is 2.50. (Where 1=Buy, 5=Sale).
Baytex Energy Corp (USA) (NYSE:BTE) an oil and gas corporation, holds in the attainment, development, exploitation, and production of oil and natural gas in the Western Canadian Sedimentary Basin and the United States.
Formerly On February 23, 2015 Cobalt International Energy, Inc. (NYSE:CIE) proclaimed a net loss of $217 million, or $0.53 for each basic and diluted share for the fourth quarter of 2014, as compared to a net loss of $222 million, or $0.55 for each basic and diluted share, for the fourth quarter of 2013. The net loss for the fourth quarter of 2014 comprises $126 million of impairment charges associated primarily with the Mupa and Loengo exploration wells drilled offshore Angola and $50 million for leasehold properties in the Gulf of Mexico. Cobalt revealed a net loss of $511 million, or $1.25 per basic and diluted share, for the year ending December 31, 2014 contrast to a net loss of $589 million, or $1.45 per basic and diluted share, for the same period in 2013.
Cobalt International Energy, Inc. (NYSE:CIE) rose 2.96%, and closed at $9.40. The stock has the beta value of 2.15, and its volatility for the week is 3.72%, while for the month it is 4.18%. The corporation has the market capitalization of $3.78 billion. The corporation holds the book value per share of 5.19, whereas cash per share is 4.35. Price to book ratio remained 1.81. Analysts mean recommendation for the stock is said to be 2.30 (where 1=Buy, 5=sale).
Cobalt International Energy, Inc. (NYSE:CIE) together with its auxiliaries, holds in the exploration and production of oil-focused, below-salt exploration prospects. Its project portfolio comprises North Platte, Heidelberg, Shenandoah, and Anchor discovery in the U.S. Gulf of Mexico; Cameia, Lontra, Mavinga, Bicuar, and Orca in the offshore Angola; and Diaman in the offshore Gabon.
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