On Friday, Following U.S. Stocks were among the “Top Losers”: Emerald Oil, Inc. (NSYEMKT:EOX), Vivint Solar, Inc. (NYSE:VSLR), Northern Oil and Gas, Inc. (NYSEMKT:NOG), Hovnanian Enterprises Inc. (NYSE:HOV)
Emerald Oil, (NSYEMKT:EOX), with shares declined -2.88%, closed at $1.01.
Vivint Solar, (NYSE:VSLR), with shares dropped -2.88%, settled at $11.46.
Northern Oil and Gas, (NYSEMKT:NOG), with shares dipped -2.88%, and closed at $7.09.
Hovnanian Enterprises, (NYSE:HOV), plummeted -2.87%, and closed at $3.38.
Latest NEWS regarding these Stocks are depicted underneath:
Emerald Oil, Inc. (NSYEMKT:EOX)
Emerald Oil, Inc. (EOX), declared financial and operational results for the quarter and year ended December 31, 2014.
Highlights:
- Raised fourth quarter production to 377,250 BOE, an average of about 4,101 BOEPD, an raise of 7% contrast to the third quarter of 2014 and 71% contrast to the fourth quarter of 2013;
- Raised annual production to 1,295,230 BOE, an average of 3,549 BOEPD, an raise of 110% contrast to 2013;
- Raised total proved reserves to 26.3 MMBOE, an raise of 99% contrast to 2013;
- Raised oil and natural gas sales to $101.2 million in 2014, an raise of 87% contrast to 2013;
- Adjusted EBITDA of $15.0 million or $0.23 per share (basic) for the fourth quarter of 2014 and $56.8 million or $0.85 per share (basic) for 2014, and;
- Adjusted Net Revenue attributable to ordinary shareholders of $2.0 million or $0.03 per share (basic) for the fourth quarter of 2014 and $16.8 million or $0.25 per share (basic) for the year 2014.
2014 Production:
For 2014, Emerald’s total production volumes on a BOE basis raised 110% as contrast to 2013. Production raised due to the addition of 24.19 net productive operated Bakken/Three Forks wells in 2014. During 2014, Emerald realized an $84.01 average price per Bbl of oil (counting settled derivatives) contrast to an $87.16 average price per Bbl of oil during 2013.
2014 Year End Reserves:
As of December 31, 2014, Emerald had total proved reserves of about 26.3 MMBoe, all of which were located in the Williston Basin. Emerald’s proved reserves raised about 99% during 2014 primarily as a result of our successful operated well program. The proved reserves total had a pre-tax PV10% value of $535.1 million.
Emerald Oil, Inc. operates as an independent oil and natural gas exploration and production corporation in the United States. The corporation designs, drills, and operates oil and natural gas wells. Emerald is based in Denver, Colorado.
Vivint Solar, Inc. (NYSE:VSLR)
Trina Solar Limited (TSL), a global leader in photovoltaic (“PV”) modules, solutions and services, recently declared that its industry-leading Trinasmart panels are now part of the technology solution that Vivint Solar, Inc. (VSLR), the second largest U.S. residential solar provider, offers to its customers. Trinasmart is a module-integrated solution that optimizes the energy output of PV systems, enhances solar array safety, improves installation speeds and reduces balance of system costs.
“Vivint Solar is a solar industry leader that is delivering cost-effective and innovative solutions every day. That’s why we’re excited to partner with them and provide our high-performing Trinasmart modules for their residential offering,” said Jing Tian, Trina Solar Head of Global Marketing. “With Trinasmart, we can assist Vivint Solar’s installation and operations and maintenance teams through faster install times, improved monitoring capability and advanced fire-safety features – putting them ahead of the curve in the distributed generation market.”
Trinasmart also improves the safety of the PV system: in cases of electrical failure (e.g. flashing arc), Trinasmart shuts down the affected modules automatically. Moreover, in the case of a fire emergency, the modules can be totally deactivated to eliminate high voltages and secure the safety of firefighters. Trinasmart is fully covered by Trina Solar’s 10-year product warranty and 25-year linear performance warranty, and it complies with NEC’s 690.12 Rapid Shutdown requirement.
Trina Solar Limited (TSL) is a leading manufacturer of high quality modules and has a long history as a solar PV pioneer since it was founded in 1997 as a system installation corporation.
Vivint Solar is a leading provider of distributed solar energy – electricity generated by a solar energy system installed at a customer’s location – to residential customers in the United States. Vivint Solar’s customers pay little to no money upfront, receive noteworthy savings relative to utility generated electricity and continue to benefit from guaranteed energy prices over the 20-year term of their contracts. Vivint Solar finances, designs, installs, monitors and services the solar energy systems to make things easy for its customers.
Northern Oil and Gas, Inc. (NYSEMKT:NOG)
Formerly on February 26, Northern Oil and Gas, Inc. (NOG), declared 2014 fourth quarter and full year results, year-end proved reserves, and 2015 production and capital budget guidance.]
2014 HIGHLIGHTS:
- Annual production raised 29% to 5.8 million barrels of oil equivalent (“Boe”), or 15,794 average Boe per day,
- Fourth quarter production raised 29% year-over-year to 17,985 average Boe per day,
- 2014 oil and gas sales raised 17% to $431.6 million,
- Proved reserves raised 20% to 100.7 million Boe and pre-tax PV-10 reached $1.7 billion,
- Added 589 gross (41.6 net) producing wells, bringing total producing wells to 2,338 gross (185.7 net),
- Year-end liquidity totaled about $261.3 million, comprised of $252 million of revolving credit facility availability and $9.3 million in cash,
- Exited 2014 with 4.9 million total barrels hedged for 2015 and the first half of 2016 at an average swap price of $89.53 per barrel.
Northern’s 2014 GAAP net revenue was $163.7 million, or $2.69 per diluted share, contrast to $53.1 million, or $0.85 per diluted share in 2013. Adjusted Net Revenue for 2014 was $57.5 million, or $0.95 per diluted share, as contrast to $66.4 million, or $1.06 per diluted share, for 2013. Adjusted EBITDA for 2014 was $309.6 million, an raise of 16% when contrast to 2013. See “Non-GAAP Financial Measures” below for additional information on these measures.
Northern Oil and Gas, Inc., an independent energy corporation, engages in the attainment, exploration, development, and production of oil and natural gas properties in the United States.
Hovnanian Enterprises Inc. (NYSE:HOV)
Hovnanian Enterprises Inc. (HOV), a leading national homebuilder, stated results for its fiscal first quarter ended January 31, 2015.
RESULTS FOR THE THREE MONTH PERIOD ENDED JANUARY 31, 2015:
Total proceeds were $445.7 million in the fiscal 2015 first quarter, an raise of 22.4% contrast with $364.0 million in the preceding year’s first quarter.
Homebuilding gross margin percentage, before interest expense and land charges comprised of in cost of sales, was 18.2% for the fiscal 2015 first quarter, contrast with 18.8% during the first quarter of fiscal 2014.
Adjusted EBITDA raised 84.8% to $21.3 million for the quarter ended January 31, 2015 contrast to $11.5 million in the fiscal 2014 first quarter.
The pre-tax loss for the first quarter ended January 31, 2015 was $19.7 million contrast with a pre-tax loss of $23.9 million in the fiscal 2014 first quarter.
Net loss was $14.4 million, or $0.10 per ordinary share, for the three months ended January 31, 2015, contrast with a net loss of $24.5 million, or $0.17 per ordinary share, in the first quarter of the previous year.
Merged deliveries were 1,149 homes in the first quarter of fiscal 2015, a 10.9% raise contrast with 1,036 homes in the fiscal 2014 first quarter. During the first three months of fiscal 2015, deliveries, counting unmerged joint ventures, raised 7.2% to 1,220 homes contrast with 1,138 homes during the same period last year.
As of January 31, 2015, merged active selling communities raised 3.1% to 199 communities contrast with 193 communities at January 31, 2014.
The dollar value of merged net contracts raised 23.3% to $503.2 million for the first quarter of fiscal 2015 contrast with $408.0 million in the first quarter of the preceding year. The dollar value of net contracts, counting unmerged joint ventures, for the first quarter ended January 31, 2015 raised 14.4% to $521.2 million contrast with $455.8 million in last year’s first quarter.
During the first quarter of fiscal 2015, the number of merged net contracts raised 20.8% to 1,319 homes contrast with 1,092 homes in the same period of the previous year. The number of net contracts, counting unmerged joint ventures, raised 13.6% to 1,366 homes for the three months ended January 31, 2015 from 1,202 homes during the same quarter a year ago.
Merged net contracts per active selling community raised 15.8% to 6.6 net contracts per active selling community during the fiscal 2015 first quarter contrast with 5.7 net contracts per active selling community in last year’s first quarter.
As of January 31, 2015, the dollar value of merged contract backlog raised 13.5% to $925.5 million contrast with $815.3 million as of January 31, 2014. The dollar value of contract backlog, as of January 31, 2015, counting unmerged joint ventures, was $965.2 million, an raise of 6.7% contrast with $904.4 million as of January 31, 2014.
As of January 31, 2015, the number of homes in merged contract backlog raised 7.9% to 2,399 homes contrast with 2,223 homes as of the end of the first quarter of fiscal 2014. Contract backlog, as of January 31, 2015, counting unmerged joint ventures, raised 1.3% to 2,487 homes contrast with 2,456 homes as of January 31, 2014.
Total interest expense as a percentage of total proceeds declined 80 basis points to 8.2% in the fiscal 2015 first quarter contrast with 9.0% in the preceding year’s first quarter.
Total SG&A was $64.6 million, or 14.5% of total proceeds, for the fiscal 2015 first quarter contrast to $60.4 million, or 16.6% of total proceeds, during the first quarter of fiscal 2014.
The contract cancellation rate, counting unmerged joint ventures, for the three months ended January 31, 2015 was 18%, which was consistent with the rate in the first quarter of the previous year.
During February 2015, the dollar value of merged net contracts raised 1.4% to $205.8 million contrast with $203.0 million for February of 2014 and the number of merged net contracts reduced 2.0% to 539 homes from 550 homes in February 2014.
The valuation allowance was $642.5 million as of January 31, 2015. The valuation allowance is a non-cash reserve against the tax assets for GAAP purposes. For tax purposes, the tax deductions associated with the tax assets may be carried forward for 20 years from the date the deductions were incurred.
Hovnanian Enterprises, Inc. designs, constructs, markets, and sells residential homes in the United States. It constructs single-family detached homes, attached townhomes and condominiums, urban infill, and active adult homes.
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