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Sunday 12 April 2015
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Weekly Positive Movers In the NEWS - EQT Corporation, (NYSE:EQT), Concho Resources, (NYSE:CXO), Starbucks Corporation, (NASDAQ:SBUX), Paragon Shipping, (NASDAQ:PRGN)

During Friday’s current trade, EQT Corporation (NYSE:EQT)’s shares lost -1.02%, and is now trading at $84.25, as EQT will host its teleconference with security analysts on April 23, starting at 11:30 a.m. Eastern Time. Topics of the teleconference will comprise financial results, operational results, and other matters with respect to the first quarter of 2015. A brief Q&A session for security analysts will right away follow the results discussion.

EQT Corporation (EQT), which is the Partnership’s general partner and noteworthy equity owner, will also host a teleconference with security analysts on April 23, starting at 10:30 a.m.

EQT Corporation, together with its auxiliaries, operates as a natural gas company in the United States. It operates in two segments, EQT Production and EQT Midstream.

During an early morning trade, Concho Resources, Inc. (NYSE:CXO)’s shares dipped -0.55%, and is now trading at $121.53, as an independent oil and natural gas company, will host a conference call on Tuesday, May 5, 2015, at 9:00 AM CT (10:00 AM ET) to talk about first quarter 2015 financial and operating results. The Company plans to declare first quarter 2015 results on Monday, May 4, 2015, after close of trading.

Concho Resources Inc., an independent oil and natural gas company, attains, develops, and explores for oil and natural gas properties in the Unites States. The company’s principal operating areas are located in the Permian Basin of southeast New Mexico and West Texas.

Starbucks Corporation (NASDAQ:SBUX), during its Friday’s current trading session gained 0.66%, and is now trading at $48.28, after Starbucks declared critical advancements in research and transparency benefiting the entire specialty coffee industry as part of the evolution of its comprehensive ethical sourcing program and support of the sustainability of the specialty coffee industry. The company will make a decade of agronomy research accessible for commercialization in partnership with the Costa Rican Coffee Institute (ICAFE). This research, combined with Starbucks far-reaching blueprint for transparent and sustainable sourcing, benefits more than a million farmers and workers around the world. By sharing this work with the industry, Starbucks will broaden its influence on the 25 million people across the globe who rely on coffee for their livelihoods.

In 2004 Starbucks opened its first Farmer Support Center in Costa Rica allowing agronomists and quality experts to work alongside farmers, sharing tools and information to assist them raise the productivity and quality of coffee on their farms, improving their livelihoods. From the starting, Starbucks agronomists have partnered with other industry experts to develop Arabica coffee varietals that offer a high-quality taste in cup, productivity and disease resistance. This work has become even more critical in recent years as variable weather conditions raises incidences of coffee leaf rust or “roya” in parts of Latin America.

In 2015, Starbucks will donate thousands of seedlings from five different coffee tree hybrids developed through its research to ICAFE which will then be verified in different regions of Costa Rica most influenced by these challenging conditions. Established in 1933, ICAFE is a leading coffee development organization responsible for research and the transferring of technology. This research will also be registered at the National Seed Office and ICAFE will make them accessible for commercialization in the coming years. This milestone with ICAFE is one aspect of Starbucks ongoing research commitments that comprise work with the World Coffee Research Institute and Promecafe.

Starbucks Corporation operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in four segments: Americas; Europe, Middle East, and Africa; China/Asia Pacific; and Channel Development.

Finally, Paragon Shipping Inc. (NASDAQ:PRGN), gained 1.75% Friday, as on March 31, a global shipping transportation company specializing in drybulk cargoes, declared its results for the fourth quarter and year ended December 31, 2014.

Fourth Quarter 2014 Highlights & Recent Developments:

  • Took delivery of two eco-design Ultramax newbuildings, the M/V Gentle Seas and the M/V Peaceful Seas.
  • Net proceed, net of voyage expenses, of $11.6 million in the fourth quarter of 2014.
  • Reduced average daily adjusted total vessel operating expenses by 8.2% year-over-year.
  • Adjusted EBITDA of $0.4 million in the fourth quarter of 2014.
  • Adjusted net loss of $7.1 million, or $0.29 per ordinary share, in the fourth quarter of 2014.

Year ended December 31, 2014 Financial Results:

Gross charter proceed for the year ended December 31, 2014 was $58.1 million, contrast to $59.5 million for the year ended December 31, 2013. The Company stated a net loss of $51.8 million, or $2.18 per basic and diluted share, for the year ended December 31, 2014, calculated based on a weighted average number of basic and diluted shares outstanding for the period of 23,326,062. For the year ended December 31, 2013, the Company stated a net loss of $17.0 million, or $1.31 per basic and diluted share, calculated based on a weighted average number of basic and diluted shares of 12,639,128.

The adjusted net loss for the year ended December 31, 2014 was $24.8 million, or $1.04 per basic and diluted share, contrast to adjusted net loss of $4.7 million, or $0.36 per basic and diluted share, for the year ended December 31, 2013.

Paragon Shipping Inc. provides shipping transportation services worldwide. It is engaged in the ocean transportation of drybulk cargoes, counting commodities, such as iron ore, coal, grain, and other materials.

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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

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