On Monday, Following Stocks were among the “Top 100 Losers” of U.S. Stock Market: Penn Virginia Corporation (NYSE:PVA), American Airlines Group Inc. (NASDAQ:AAL), Oasis Petroleum Inc. (NYSE:OAS), Hercules Offshore, Inc. (NASDAQ:HERO)
Penn Virginia Corporation (NYSE:PVA), with shares declined -8.25%, closed at $7.01.
American Airlines Group Inc. (NASDAQ:AAL), with shares dropped -2.45%, settled at $54.40.
Oasis Petroleum Inc. (NYSE:OAS), with shares dipped -8.19%, and closed at $12.67.
Hercules Offshore, Inc. (NASDAQ:HERO), plummeted -8.14%, and closed at $0.45.
Latest NEWS regarding these Stocks are depicted underneath:
Penn Virginia Corporation (NYSE:PVA)
The Board of Directors of Penn Virginia Corporation (PVA), has declared a regular quarterly cash dividend of $150.00 per share on its 6.00 percent Series A convertible preferred stock. As a result, on April 15, 2015, a dividend of $1.50 per depositary share, each representing a 1/100th interest in a share of the Series A convertible preferred stock, will be paid to holders of record at the close of business on April 1, 2015.
In addition, the Board of Directors of PVA has declared a cash dividend of $150.00 per share on its 6.00 percent Series B convertible preferred stock. As a result, on April 15, 2015, a dividend of $1.50 per depositary share, each representing a 1/100th interest in a share of the Series B convertible preferred stock, will be paid to holders of record at the close of business on April 1, 2015.
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.
American Airlines Group Inc. (NASDAQ:AAL)
This week American Airlines Group Inc. (AAL), will recognize those who have received the nation’s highest military honor by hosting nearly 30 United States Medal of Honor recipients in the days leading up to the national Medal of Honor Day on Wednesday, March 25, 2015. As the official airline of the Congressional Medal of Honor Foundation for Medal of Honor Day, American and many of its employees will volunteer their time and resources to support a core cause for the world’s largest airline – supporting men and women who serve our country, veterans and their families.
“Paying tribute to the most distinguished members of our nation’s armed services is an honor and privilege we’ve been thrilled to be a part of for the last five years,” said Elise Eberwein, American’s executive vice president of people and communications. “These Medal of Honor recipients have gone above and beyond the call of duty. Every day, the more than 100,000 American Airlines employees proudly embrace our commitment to recognizing the sacrifices of these heroes and all active service members, veterans and their families.”
“American’s support allows us to honor the recipients of America’s highest military honor for valor and promote what the Medal of Honor represents,” said Ron Rand, president and CEO of the Congressional Medal of Honor Foundation. “We’re thrilled with all the ways American has supported the Foundation and the recipients in the past. We’re excited about ongoing to work with the corporation and its dedicated employees to perpetuate the Medal of Honor’s legacy through outreach and collaborative efforts.”
American Airlines has long-standing ties to the nation’s armed forces. With more than 6,000 employees who are active military or veterans, the airline places a strong emphasis on its military and veterans initiatives. American supports members of the military, veterans and their families via in-kind contributions to nonprofit organizations and through employee engagement in a diverse range of events and activities throughout the year. This comprises a wide variety of military charities such as the USO, Air Compassion for Veterans, Hero Miles, Snowball Express and charter flights for Salute to the Troops and Seats for Soldiers. Through these and more charitable efforts, American continues to assist make a difference in the lives of those serving our country.
American Airlines Group Inc., through its subsidiaries, operates in the airline industry. As of December 31, 2014, the company operated 983 mainline jets, as well as 566 regional aircrafts through regional airline subsidiaries and third-party regional carriers. It serves 339 destinations in 54 countries.
Oasis Petroleum Inc. (NYSE:OAS)
Last Month on February 25, Oasis Petroleum Inc. (OAS), declared financial and operational results for the quarter and year ended December 31, 2014 and offered its 2015 outlook.
2014 Highlights:
- Raised average daily production 35% year-over-year to 45,656 barrels of oil equivalent per day (“Boepd”) in 2014, up from 33,904 Boepd in 2013. Fourth quarter 2014 average daily production of 50,143 Boepd exceeded guidance range of 47,000 to 49,000 Boepd.
- Accomplished and placed on production 195 gross (147.4 net) operated wells during 2014, counting 48 gross (33.6 net) operated wells in the fourth quarter of 2014. Waiting on completion backlog comprised of 72 gross operated wells as of December 31, 2014.
- Raised total estimated net proved oil and natural gas reserves by 24% to 272.1 million barrels of oil equivalent (“MMBoe”) at December 31, 2014, contrast to year-end 2013 total estimated net proved reserves, not including the sale of certain non-operated properties in and around the Corporation’s Sanish project area.
- Grew Adjusted EBITDA by 16% to $952.8 million in 2014, up from $821.9 million in the preceding year. For a definition of Adjusted EBITDA and a reconciliation of Adjusted EBITDA to net revenue and net cash offered by operating activities, see “Non-GAAP Financial Measures” below.
- Raised net revenue by 122% from $228.0 million in 2013 to $506.9 million in 2014, which comprised of a $187.0 million gain on the Sanish Sale.
- Ended the year with $45.8 million of cash and cash equivalents and had total liquidity of $1,040.6 million, counting the unused borrowing base committed capacity accessible under the Corporation’s revolving credit facility.
Expectations for 2015:
Highlights for 2015 comprise:
- $705 million total capital expenditure (“CapEx”) budget, with about 80% allocated for drilling and completion (“D&C”) CapEx.
- Targeting average daily production to range between 45,000 to 49,000 Boepd, representing an approximate 3% raise at the midpoint of 2015 over 2014 average daily production.
- Concluding 79 gross (63.3 net) operated and 2.6 net non-operated wells.
Oasis Petroleum Inc., an independent exploration and production corporation, focuses on the attainment and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin.
Hercules Offshore, Inc. (NASDAQ:HERO)
Hercules Offshore, Inc. (HERO), declared that it has published the March Fleet Status Report. The Report comprises the Hercules Offshore Rig Fleet Status (as of March 23, 2015), which contains detailed contract information for each of the Corporation’s drilling rigs. The Report also comprises the Hercules Offshore Liftboat Fleet Status Report, which contains information by liftboat class for February 2015, counting proceed per day and operating days.
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.
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