Penn Virginia Corporation (NYSE:PVA) reported $0.12 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.06) by $0.18. The company had revenue of $133.20 million for the quarter, compared to the consensus estimate of $134.33 million. During the same quarter in the prior year, the company posted ($0.19) earnings per share. Penn Virginia Corporation (NYSE:PVA) net profit margin is -34.70% and weekly performance is -3.68%. On last trading day company shares ended up $15.18. Analysts mean target price for the company is $20.62. Penn Virginia Corporation (NYSE:PVA) distance from 50-day simple moving average (SMA50) is -7.01%.
On 27 MAY Cliffs Natural Resources Inc (NYSE:CLF) announced that it is further reducing its expected full-year 2014 capital spending range by approximately 25%, or $100 million, to $275 million – $325 million. This significant reduction is in addition to the Company’s previously announced capital spending decrease of approximately 55%, or $460 million, from Cliffs’ full-year 2013 capital expenditures. The $100 million decrease will impact all of Cliffs’ reporting segments, with Eastern Canadian Iron Ore and North American Coal making up 75% of the reduction. Cliffs Natural Resources Inc (NYSE:CLF) shares fell -5.54% in last trading session and ended the day on $15.68. CLF Gross Margin is 17.70% and its return on assets is 2.10%. Cliffs Natural Resources Inc (NYSE:CLF) quarterly performance is -20.97%.
Midstates Petroleum Company Inc (NYSE:MPO) announced that Dr. Peter J. Hill, the Company’s interim President & Chief Executive Officer, will participate in the 2014 RBC Global Energy and Power Conference on Monday, June 2, 2014 in New York. Additionally, Nelson M. Haight, Senior Vice President and Chief Financial Officer will participate in the Bank of America Merrill Lynch Energy and Power Leveraged Finance Conference on June 3, 2014 in New York. Midstates Petroleum Company Inc (NYSE:MPO) shares moved down -5.60% in last trading session and was closed at $5.56, while trading in range of $5.45 – $5.85. Midstates Petroleum Company Inc (NYSE:MPO) year to date (YTD) performance is -16.01%.
On 16 MAY Mines Management, Inc. (NYSEMKT: MGN) announces financial and operating results for the first quarter ending March 31, 2014. The Company reported a net loss of $1.5 million for the quarter ended March 31, 2014 compared to a net loss of $2.1 million for the quarter ended March 31, 2013. The change in net loss in the 2014 quarter resulted primarily from reduced operating expenses: (1) a $0.4 million decrease in general and administrative expenses consisting of $0.2 million less of stock based compensation issued during the first quarter of 2014 compared to 2013, the absence of a $0.1 million payment to continue the Earn-In Agreement with Estrella Gold Corp. in 2014. Mines Management, Inc. (NYSEMKT: MGN) ended the last trading day at $0.980. Company weekly volatility is calculated as 5.52%. Mines Management, Inc. (NYSEMKT: MGN) showed a negative weekly performance of -14.04%.
On 15 MAY TGC Industries Inc (NASDAQ:TGE) announced its financial results for the quarter ended March 31, 2014. The Company reported net income from continuing operations of $424,000 or $0.01 per share of common stock during the first quarter of 2014 compared to net income from continuing operations of $978,000 or$0.02 per share of common stock during the first quarter of 2013. TGC Industries Inc (NASDAQ:TGE) net profit margin is -7.00% and weekly performance is 1.57%. On last trading day company shares ended up $4.53. Analysts mean target price for the company is $8.40. TGC Industries Inc (NASDAQ:TGE) distance from 50-day simple moving average (SMA50) is -16.63%.