On Thursday, Penn Virginia Corporation (NYSE:PVA)’s shares gained 7.99%, and closed at $7.30.
On March 5, 2015, Scotia Howard Weil Research firm has upgraded Penn Virginia Corporation’s stock to “Focus Stock”, from “Sector Outperform.”
Penn Virginia Corporation, an independent oil and gas corporation, explores, develops, and produces crude oil, natural gas liquids, and natural gas in various onshore regions of the United States.
Hercules Offshore, Inc. (NASDAQ:HERO)’s shares jumped 7.75%, and settled at $0.49, during the last trading session on Thursday, following the company’s signing of a five-year contract with a partner of Eni S.p.A. for use of the Hercules 260 in West Africa. The dayrate under the contract will range from a minimum of $75,000 per day when the price of Brent crude oil is $86 or less per barrel, to a maximum of $125,000 per day when the price of Brent crude oil is $125 or more per barrel. Contract commencement is predictable in early April 2015. Costs for contract specific upgrades will be reimbursed by the operator.
Hercules Offshore, Inc., together with its auxiliaries, provides shallow-water drilling and marine services to the oil and natural gas exploration and production industry worldwide.
At the end of Thursday’s trade, Freshpet, Inc. (NASDAQ:FRPT)’s shares climbed 7.68%, and closed at $21.86, hitting new 52-week high of $22.08.
Last Tuesday, Freshpet, Inc., stated financial results for its fourth quarter and fiscal year ended December 31, 2014.
Fourth Quarter Fiscal 2014 Highlights:
- Net sales were $24.5 million, up 38.3% year-over-year.
- Gross margin raised 1,270 basis points to 48.9%.
- Adjusted EBITDA raised $1.7 million to $4.0 million.
- Freshpet fridges raised 23.5% to 13,386 from 10,836.
Fiscal 2014 Highlights:
- Net sales were $86.8 million, up 37.4% year-over-year.
- Gross margin raised 560 basis points to 48.7%.
- Adjusted EBITDA raised $5.7 million to $5.5 million.
“We are happy to report strong top-line growth for Freshpet in our first quarter as a public corporation, driven by raised velocity and distribution across our retail channels,” said Richard Thompson, Freshpet’s Chief Executive Officer. “We believe our solid results reflect our customers’ growing desire to feed their pets fresh, natural food. We are happy with the improvements we achieved in fiscal 2014, which demonstrate our ability to successfully execute on our planned initiatives to grow our corporation and create value for our shareholders. Going forward, we believe these improvements will assist us in reaching our expectations for 2015 and beyond.”
Freshpet, Inc. manufactures and markets natural fresh foods, refrigerated meals, and treats for dogs and cats in the United States and Canada. The corporation offers its products under the Freshpet, Dognation, and Dog Joy names.
Laredo Petroleum, Inc. (NYSE:LPI), ended its Thursday’s trading session with 6.72% gain, and closed at $14.30.
Randy A. Foutch, Chairman and Chief Executive Officer of Laredo Petroleum, Inc. (LPI), will present at the Independent Petroleum Association of America`s Oil and Gas Investment Symposium in New York, NY. Mr. Foutch`s presentation will be Monday, April 20, 2015 at 1:35 p.m. Eastern Time at the Sheraton NY Hotel.
Laredo Petroleum, Inc. operates as an independent energy corporation in the United States. It focuses on the attainment, exploration, and development of oil and natural gas properties primarily in the Permian Basin in west Texas.
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