Cobalt International Energy, Inc. (NYSE:CIE) is plunging -4.55% after the company announced the pricing of a registered underwritten public offering of $1,150,000,000 aggregate principal amount of its 3.125% convertible senior notes due 2024 (the “Notes”). Cobalt has granted the underwriters of this offering the right to purchase, for a period beginning on the date hereof and ending on the date that is 12 days after the original issue date, up to an additional $150,000,000 aggregate principal amount of the Notes on the same terms and conditions to solely cover over-allotments, if any. Cobalt International Energy, Inc. (NYSE:CIE) weekly performance is -10.28%. On last trading day company shares ended up $17.37. Analysts mean target price for the company is $28.56. Cobalt International Energy, Inc.(NYSE:CIE) distance from 50-day simple moving average (SMA50) is -4.86%.
Gulfport Energy (NASDAQ:GPOR) was downgraded by research analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a report released on Thursday, TheFlyOnTheWall.com reports. They currently have a $70.00 price target on the stock, down from their previous price target of $81.00. Stifel Nicolaus’ price objective suggests a potential downside of 4.16% from the stock’s previous close. The analysts noted that the move was a valuation call. Gulfport Energy Corporation (NASDAQ:GPOR) shares fell -18.70% in last trading session and ended the day on $59.38. GPOR Gross Margin is 78.70% and its return on assets is 82.77%.Gulfport Energy Corporation (NASDAQ:GPOR) quarterly performance is -0.17%.
Hyperdynamics Corp. (NYSE:HDY) company announced that Tullow Guinea Limited provided notice to the Government of Guinea and the other members of the Consortium that Tullow has lifted, with effect from 3 May 2014, its declaration of Force Majeure under the Production Sharing Contract (PSC) and the Joint Operating Agreement. Diligent efforts are being made to satisfy the conditions to resuming petroleum operations which include clarification that the U.S. FCPA investigations of Hyperdynamics will not adversely affect Tullow’s operations under the PSC. Hyperdynamics cannot predict the timing or outcome of these efforts. Hyperdynamics Corporation (NYSE:HDY) shares moved down -10.25% in last trading session and was closed at $3.59, while trading in range of $3.45 – 4.35. Hyperdynamics Corporation (NYSE:HDY) year to date (YTD) performance is -11.79%.
VAALCO Energy, Inc. (NYSE:EGY) reported a net loss of $7.0 million or a loss of $0.12 per share for the first quarter of 2014 compared to net income $7.2 million or $0.12 per diluted share for the comparable period in 2013. First quarter 2014 revenues were $28.1 million compared to $44.1 million in the first quarter of 2013. Results for the first quarter were impacted by the timing of crude liftings and exploration expense, offshore Gabon. VAALCO Energy, Inc.(NYSE:EGY) ended the last trading day at $7.15. Company weekly volatility is calculated as 8.74% and price to cash ratio as 3.11. VAALCO Energy, Inc.(NYSE:EGY) showed a negative weekly performance of -19.75%.
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