Oil & Gas Unusual Volume: Penn Virginia (NYSE:PVA), Endeavour (NYSE:END), Whiting USA (NYSE:WHZ), Pacific Coast Oil Trust (NYSE:ROYT), Mexco Energy (NYSEMKT:MXC)

Posted by on Jun 12, 2014

Penn Virginia Corporation (NYSE:PVA), announced the pricing of its private offering to eligible holders of 2,750,000 depositary shares, each representing a 1/100th interest in a share of 6.00 percent Convertible Perpetual Preferred Stock, Series B with a liquidation preference of $10,000 per share (the “Series B Convertible Preferred Stock”). PVA has granted the initial purchasers of the depositary shares a 30-day option to purchase up to an additional 500,000 depositary shares. The offering is expected to settle and close on June 16, 2014, subject to customary closing conditions. Penn Virginia Corporation (NYSE:PVA), net profit margin is -21.20% and weekly performance is -5.57%. On last trading day company shares ended up $14.24. Analysts mean target price for the company is $20.46. Penn Virginia Corporation (NYSE:PVA), distance from 50-day simple moving average (SMA50) is -10.98%.

Oil and gas company, Endeavour International Corporation (NYSE:END), shares recorded a sharp surge after the company boosted its production forecast for the second quarter. The company indicated that its three big assets in the United Kingdom have been producing at consistent rates. It has also feigned ignorance of the reasons behind in the sudden fall in share price recently. Endeavour International Corporation (NYSE:END), fell 0.62% in last trading session and ended the day on $1.59. END, Gross Margin is 69.20% and its return on assets is -8.40%. Endeavour International Corporation (NYSE:END), quarterly performance is -55.08%.

Whiting USA Trust II (NYSE:WHZ), posted its quarterly earnings results on Tuesday. The company reported $0.56 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.60 by $0.04, Analyst Ratings Net reports. Whiting USA Trust II (NYSE:WHZ), shares moved down 1.90% in last trading session and was closed at $11.36, while trading in range of $11.26 – 11.53. Whiting USA Trust II (NYSE:WHZ), year to date (YTD) performance is -4.62%.

Pacific Coast Oil Trust (NYSE:ROYT), announced the pricing of an underwritten public offering of 2,654,436 trust units by certain holders of its trust units (Selling Unitholders) affiliated with Pacific Coast Energy Company LP (PCEC) at a price to the public of $13.00 per unit. None of Pacific Coast Oil Trust (Trust), Pacific Coast Energy Company LP (PCEC) or PCEC’s management is selling any trust units in the secondary offering nor will they receive any proceeds from the offering. The offering is expected to close on June 13, 2014. Pacific Coast Oil Trust (NYSE:ROYT), ended the last trading day at $12.77. Company weekly volatility is calculated as 1.53%. Pacific Coast Oil Trust (NYSE:ROYT), showed a negative weekly performance of 3.91%.

Mexco Energy Corporation (NYSEMKT:MXC), announced that in view of the unusual market activity in the Company’s stock, the NYSE MKT (“the Exchange”) has contacted the Company in accordance with its usual practice. The Company stated that its policy is not to comment on unusual market activity. Mexco Energy Corporation (NYSEMKT:MXC), net profit margin is 5.00% and weekly performance is 43.32%. On last trading day company shares ended up $9.23. Mexco Energy Corporation (NYSEMKT:MXC), distance from 50-day simple moving average (SMA50) is 29.24%.

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