On June 3, 2014, Callon Petroleum Company (NYSE:CPE) announced that it has declared a cash dividend of $1.25 per share, on its 10.0% Series A Cumulative Preferred Stock (“Series A Preferred Stock”). The dividend will be paid on June 30, 2014 to stockholders of record as of June 13, 2014. The Series A Preferred Stock is currently listed on the New York Stock Exchange under the symbol “CPE.A.” Callon Petroleum Company (NYSE:CPE) net profit margin is 0.40% and weekly performance is 3.99%. On last trading day company shares ended up $10.94. Analysts mean target price for the company is $11.63. Callon Petroleum Company (NYSE:CPE) distance from 50-day simple moving average (SMA50) is 15.94%.
SunTrust upgraded Diamondback Energy Inc (NASDAQ:FANG) to Buy from Neutral. The firm upgraded shares based on increased value for its royalty interest which could boost shares substantially. Price target raised to $89 from $76. Diamondback Energy Inc (NASDAQ:FANG) shares advanced 1.12% in last trading session and ended the day on $82.00. FANG Gross Margin is 84.70% and its return on assets is 5.10%. Diamondback Energy Inc (NASDAQ:FANG) quarterly performance is 30.10%.
Jones Energy Inc (NYSE:JONE): Strong Industry, Solid Earnings Estimate Revisions. One stock that might be an intriguing choice for investors right now is Jones Energy, Inc.. This is because this security in the oil and gas space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective. Jones Energy Inc (NYSE:JONE) shares moved up 3.62% in last trading session and was closed at $18.60, while trading in range of $18.15 – $18.95. Jones Energy Inc (NYSE:JONE) year to date (YTD) performance is 28.45%.
On Jun 6, 2014, Baytex Energy Corp (USA) (NYSE:BTE) announced the closing of its private placement offering (the “offering”) of senior notes due 2021 (the “2021 Notes”) and 2024 (the “2024 Notes” and, together with the 2021 Notes, the “Notes”) in an aggregate principal amount of US$800 million. The 2021 Notes were issued at par in an aggregate principal amount of US$400 million, bear interest at a rate of 5.125% per annum and mature on June 1, 2021. The 2024 Notes were issued at par in an aggregate principal amount of US$400 million, bear interest at a rate of 5.625% per annum and mature on June 1, 2024. Each series of Notes will pay interest semi-annually in arrears. Baytex Energy Corp (USA) (NYSE:BTE) ended the last trading day at $43.10. Company weekly volatility is calculated as 1.07% and price to cash ratio as 2482.17. Baytex Energy Corp (USA) (NYSE:BTE) showed a positive weekly performance of 2.23%.
Panhandle Oil & Gas (NYSE:PHX) Director Robert A. Reece unloaded 3,000 shares of the company’s stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $56.08, for a total transaction of $168,240.00. Following the transaction, the director now directly owns 27,815 shares of the company’s stock, valued at approximately $1,559,865. Panhandle Oil and Gas Inc.(NYSE:PHX) shares moved up 0.57% in last trading session and was closed at $58.47, while trading in range of $58.15 – $59.50. Panhandle Oil and Gas Inc.(NYSE:PHX) year to date (YTD) performance is 12.89%.
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