Hyperdynamics Corporation (NYSE:HDY) on Friday announced the settlement of litigation in London involving AGR Well Management Ltd. AGR provided project management services for Hyperdynamics’ subsidiary, SCS Corporation Ltd., in connection with the drilling of the Sabu #1 well offshore Guinea in 2011-2012. Hyperdynamics Corporation (NYSE:HDY) net profit margin is 5555% and weekly performance is 0.39%. On last trading day company shares ended up $3.08. Analysts mean target price for the company is $8.50. Hyperdynamics Corporation (NYSE:HDY) distance from 50-day simple moving average (SMA50) is 33.55%.
Midstates Petroleum Company Inc (NYSE:MPO), a Texas energy company backed by First Reserve Corp., is exploring a sale, people with knowledge of the matter said. Midstates, which has an enterprise value of $2.1 billion, is working with Goldman Sachs Group Inc. and Morgan Stanley to solicit offers, said the people who asked not to be identified because the information is private. The company has a market value of about $418 million, and total debt of more than $1.7 billion at the end of March, data compiled by Bloomberg show. Midstates Petroleum Company Inc (NYSE:MPO) shares advanced 10.24% in last trading session and ended the day on $5.92. MPO return on assets is -17.90%. Midstates Petroleum Company Inc (NYSE:MPO) quarterly performance is 27.86%.
Kingold Jewelry Inc (NASDAQ:KGJI) stock is soaring Friday after the jeweler reported its first-quarter results. Over the three months to March, the company earned 24 cents a share, compared to 5 cents a share in the year-ago quarter. Revenue spiked 38.9% year over year to $307.5 million. Kingold Jewelry Inc (NASDAQ:KGJI) shares moved up 22.50% in last trading session and was closed at $1.47, while trading in range of $1.43 – $1.73. Kingold Jewelry Inc (NASDAQ:KGJI) year to date (YTD) performance is -12.50%.
On May 14, 2014,Uranium Energy Corp. (NYSEMKT:UEC) was a big mover last session, as the company saw its shares rise over 21% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $0.99 to $1.15 in the past one-month time frame. Uranium Energy Corp. (NYSEMKT:UEC) ended the last trading day at $1.61. Company weekly volatility is calculated as 16.12% and price to cash ratio as 16.06. Uranium Energy Corp. (NYSEMKT:UEC) showed a positive weekly performance of 62.63%.
On May 14, 2014, Triangle Petroleum Corporation (NYSEMKT:TPLM) announces that Triangle USA Petroleum Corporation (“TUSA”), the Company’s wholly-owned E&P subsidiary, has entered into two separate definitive agreements to acquire Williston Basin properties (“Acquisitions”), and received bank commitments for 100% financing of the acquisitions, including a new senior secured second lien term loan facility (“Second Lien”). Signed two separate definitive agreements to acquire approximately 46,100 net acres (46% operated) in a contiguous area of Williams County, ND and Sheridan County, MT: 1,175 Boepd of current production; 4,450 MBoe of net proved reserves with a PV-10 value of approximately $110 million based upon internal estimates as of April 30, 2014. Triangle Petroleum Corporation (NYSEMKT:TPLM) shares advanced 7.76% in last trading session and ended the day on $10.00. TPLM Gross Margin is 54.60% and its return on assets is 10.10%. Triangle Petroleum Corporation (NYSEMKT:TPLM) quarterly performance is 25.31%.