On Thursday, DryShips Inc. (NASDAQ:DRYS)’s shares inclined 9.37% to $0.174.
DryShips Inc. (NASDAQ: DRYS) an international owner of drybulk carriers and offshore support vessels, declared that a special meeting of the Company’s shareholders (the “Special Meeting”) will be held at the Company’s offices located at 109 Kifisias Avenue & Sina Street, GR 151 24, Marousi, Athens, Greece on Friday, February 19, 2016 at 4:00 p.m., local time.
The Company’s board of directors has fixed the close of business on Friday, January 8, 2016 as the record date for the determination of the shareholders entitled to receive notice and to vote at the Special Meeting or any adjournments or postponements thereof.
Formal notice of the Special Meeting and the Company’s proxy statement are predictable to be sent to shareholders on or about Friday, January 15, 2016.
DryShips Inc. provides ocean transportation services for drybulk and petroleum cargoes, and offshore deepwater drilling services. The company operates through Drybulk, Tanker, and Drilling segments.
Range Resources Corp. (NYSE:RRC)’s shares gained 7.28% to $24.61.
RANGE RESOURCES CORPORATION (NYSE: RRC) declared that it has accomplished the sale of its Nora assets. After purchase price adjustments based upon a November 1st effective date, Range received $865 million of sales proceeds. Range will comprise the Nora operations for the full fourth quarter of 2015. The properties encompass about 3,500 operated wells and about 460,000 net acres in the Nora/Haysi combined fields located primarily in southwestern Virginia. Third quarter production for the Nora assets was 109 Mmcf per day representing 7.5% of Range’s net production. The net proceeds were used to reduce debt by 24% from the September 30, 2015 balance. This monetization further strengthens the Company’s financial position by reducing leverage and enhancing liquidity. After the sale, the borrowing base under Range’s revolving credit facility remains unchanged at $3 billion. The sale is also predictable to reduce direct operating expenses, brokerage natural gas and marketing expenses and general and administrative expenses for 2016.
Range Resources Corporation, an independent natural gas, natural gas liquids (NGLs), and oil company, engages in the acquisition, exploration, and development of natural gas and oil properties in the United States. It holds interests in developed and undeveloped natural gas and oil leases in the Appalachian and Midcontinent regions.
SunPower Corporation (NASDAQ:SPWR)‘s shares dipped -1.22% to $30.01. The last trading range of SunPower Corporation (NASDAQ:SPWR) ranges between $29.85 and $30.49. The EPS of the company stands at $0.36. The 52-week range shows that the stock reached higher at $35.11 while its lower range is $18.25 in the last 52-weeks. The average volume of the company is at 2.18 million with the Outstanding Shares of 136.59 million. The market capitalization of the company is $4.10 billion. The Beta of the company stands at 3.04 with the RSI (Relative Strength Index) of 61.39.
SunPower Corporation designs, manufactures, and delivers solar systems to residential, commercial, and utility-scale power plant customers worldwide. The company offers solar power components, counting panels, balance of system components, and inverters.
