On Thursday, Lucas Energy, Inc. (NYSEMKT:LEI)’s shares inclined 335.76% to $7.19. The market capitalization of Lucas Energy, Inc. (NYSEMKT:LEI) is $2.42 billion with the total traded volume of the company is 14.03 million. Turning to market valuation, the Price-to-Earnings ratio is 11.25, the Price-to-Sales ratio is 4.79 and the Price-to-Book ratio is finally 1.11. The dividend yield amounts to 2.67 percent and the beta ratio has a value of 2.40.
Lucas Energy, Inc. (LEI) stated that is has inked a purchase contract to attain, from 21 different entities and individuals, working interests in producing properties and undeveloped acreage.
The assets being attained comprise varied interests in two largely contiguous acreage blocks in the liquids-rich Mid-Continent region. The properties presently produce in excess of 1,200 net barrels of oil equivalent per day (BOE/d), of which 53% are liquids from 114 producing wells.
The bulk of the production is from the Hunton formation holding about 43,000 gross acres (9,900 net acres) in central Oklahoma. Additional, offset development drilling opportunities for at least 40 additional wells have already been identified. According to a recent third-party reserve report (as of December 1, 2015), total proved developed reserves (PDP) are 5.4 million barrels of oil equivalent (MMBOE) comprised of 6% oil, 47% natural gas liquids (NGL) and 47% natural gas.
Lucas Energy, Inc. (Lucas) is an independent oil and gas company. The Company is engaged in the acquisition and development of crude oil and natural gas from various known productive geological formations, including the Austin Chalk, Eagle Ford and Buda formations, primarily in Gonzales, Wilson and Karnes Counties south of the city of San Antonio; and the Eaglebine, Buda, and Glen Rose formations in Leon and Madison Counties north of the city of Houston, Texas.
Alcoa Inc (NYSE:AA)’s shares dropped -1.00% to $9.86. The last trading range of Alcoa Inc (NYSE:AA) ranges between $9.81 and $9.98. The EPS of the company stands at $0.39. The 52-week range shows that the stock reached higher at $17.10 while its lower range is $7.81 in the last 52-weeks. The average volume of the company is at 27.50 million with the Outstanding Shares of 1.31 billion. The market capitalization of the company is $13.05 billion. The Beta of the company stands at 1.20 with the RSI (Relative Strength Index) of 47.76.
Alcoa Inc. (Alcoa) is engaged in lightweight metals engineering and manufacturing. The Company operates in four segments: Alumina, Primary Metals, Global Rolled Products, and Engineered Products and Solutions. Its products, which include aluminum, titanium and nickel, are used in aircraft, automobiles, commercial transportation, packaging, building and construction, oil and gas, defense, consumer electronics, and industrial applications across the world.
Micron Technology, Inc. (NASDAQ:MU)‘s shares showed no change to $14.16. Micron Technology, Inc. (NASDAQ:MU) is now worth about $14.66 billion. The share price has made a -1.39% loss in the past 5 days and has lost -59.54% since 2015 kicked off. Analysts are forecasting EPS growth of 2.46% for next fiscal year and 5.00% growth in the next 5 years. The stock trades with a beta of 2.04. The stock price is below by -17.83% as contrast to the average price over the last 200 days. The company has 48.90% gross margins.
Micron Technology, Inc. is a global provider of semiconductor devices. Through the Company’s global operations, it manufactures and markets a full range of Dynamic Random Access Memory (DRAM), NAND Flash and NOR Flash memory, as well as other memory technologies, packaging solutions and semiconductor systems for use in leading-edge computing, consumer, networking, automotive, industrial, embedded and mobile products.
