Yuma Energy Inc.’s decision to target a backdoor listing on the New York Stock Exchange by combining with smaller rival Pyramid Oil Co. (NYSEMKT:PDO) means the company is unlikely to launch an initial public offering in Australia anytime soon, a person familiar with the matter said.
Pyramid Oil Company (NYSEMKT:PDO) shares after opening at $6.35 moved to $6.79 on last trade day and at the end of the day closed at $6.79. Company price to sales ratio in past twelve months was calculated as 7.23 and price to cash ratio as 5.68. Pyramid Oil Company (NYSEMKT:PDO) showed a positive weekly performance of 0.00%.
Sprague Resources LP (NYSE:SRLP) reports its fourth quarter earnings on 26 march. Sprague Resources LP (NYSE:SRLP) shares advanced 3.40% in last trading session and ended the day on $19.75. SRLP return on equity ratio is recorded as -4.20% and its return on assets is -0.60%.
Great Northern Iron Ore Properties (NYSE:GNI) begin trading ex-dividend on March 27, 2014. A cash dividend payment of $2.25 per share is scheduled to be paid on April 30, 2014. Great Northern Iron Ore Properties (NYSE:GNI) shares moved down -12.77% in last trading session and was closed at $19.12, while trading in range of $18.76 – $20.81. Great Northern Iron Ore Properties (NYSE:GNI) year to date (YTD) performance is -71.92%.
Canaccord Genuity downgraded shares of Abraxas Petroleum Corp. (NASDAQ:AXAS) from a buy rating to a hold rating in a report issued on Wednesday, TheFlyOnTheWall.com reports. They currently have $4.25 target price on the stock, up from their previous target price of $4.00. Abraxas Petroleum Corp. (NASDAQ:AXAS) weekly performance is -1.54%. On last trading day company shares ended up $3.83. Abraxas Petroleum Corp. (NASDAQ:AXAS) distance from 50-day simple moving average (SMA50) is 13.80%. Analysts mean target price for the company is $4.43.