Sanchez Energy Corp (NYSE:SN) said that day that it has agreed to snap up Royal Dutch Shell’s 60 million barrels of proved reserves underneath 104,000 net acres in the Eagle Ford for $639 million, a deal expected to double the size of the company. Sanchez Energy Corp (NYSE:SN) net profit margin is -1.60% and weekly performance is 13.37%. On last trading day company shares ended up $31.37. Analysts mean target price for the company is $37.06. Sanchez Energy Corp (NYSE:SN) distance from 50-day simple moving average (SMA50) is 9.41%.
Contango Oil & Gas Company (NYSEMKT:MCF) held its annual meeting of stockholders on May 20, 2014. At the meeting, stockholders elected all of the directors nominated by the Board of Directors, ratified the appointment of Grant Thornton LLP as the Company’s independent accounting firm for the fiscal year ending December 31, 2014, approved the Company’s Amended and Restated 2009 Incentive Compensation Plan, and approved, on an advisory basis, the compensation of the Company’s named executive officers. Contango Oil & Gas Company (NYSEMKT:MCF) shares fell -0.89% in last trading session and ended the day on $42.12. MCF gross Margin is 82.10% and its return on assets is 3.70%.Contango Oil & Gas Company (NYSEMKT:MCF) quarterly performance is -13.24%.
Midcoast Energy Partners (NYSE:MEP) was downgraded by Bank of America to a “neutral” rating in a research note issued on Wednesday, American Banking & Market News reports. Midcoast Energy Partners LP (NYSE:MEP) shares moved down -0.18% in last trading session and was closed at $22.03, while trading in range of $21.77 – $22.31. Midcoast Energy Partners LP (NYSE:MEP) year to date (YTD) performance is 14.98%.
Delek Logistics Partners (NYSE:DKL) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a note issued to investors on Monday. The firm currently has a $35.60 price objective on the stock. Zacks‘s price objective indicates a potential upside of 5.89% from the company’s current price. Delek Logistics Partners LP (NYSE:DKL) ended the last trading day at $34.18. Company weekly volatility is calculated as 3.46% and price to cash ratio as 125.75.Delek Logistics Partners LP (NYSE:DKL) showed a positive weekly performance of 2.80%.
Independent oil and Natural Gas Company Royale Energy, Inc. (NASDAQ:ROYL) is surging in the market by a high of 35.23% after the company announced it had identified a large drillable target on Alaskan 3D Seismic. Royale Energy has confirmed the target to be 20,000 acres in size, strongly supported by Dry Hydrocarbon Indicators. The company expects prospective resource assessment to be made available to shareholders and stockholders soon. Royale Energy, Inc. (NASDAQ:ROYL) net profit margin is 84.60% and weekly performance is 10.68%. On last trading day company shares ended up $3.11. Analysts mean target price for the company is $14.91. Royale Energy, Inc. (NASDAQ:ROYL) distance from 50-day simple moving average (SMA50) is 7.90%.