Shares of WildHorse Resource Development Corp.(NYSE:WRD) fell more than 13% by 11 a.m. EDT on Wednesday after the Eagle Ford shale driller posted disappointing second-quarter results.
WildHorse Resource Development reported mixed second-quarter results. On the downside, the company’s adjusted earnings came in at just $39.1 million, or $0.39 per share, missing analysts’ expectations by $0.07 per share. Driving the underwhelming result were lower realized natural gas prices and higher depletion, depreciation, and amortization expenses related to an asset sale.
Image source: Getty Images.
Production, on the other hand, was up a jaw-dropping 107% year over year due to the strength of the 28 Eagle Ford wells WildHorse brought on line during the second quarter. That operational success led CEO Jay Graham to say that the company “delivered excellent results” in the second quarter. Furthermore, he noted that the strong showing had the company “currently on track to meet or exceed the midpoint of our annual guidance” for production.
Hot Performing Stocks To Buy Right Now: Ultra Petroleum Corp.(UPL)
Ultra Petroleum Corp., an independent oil and gas company, engages in the acquisition, exploration, development, production, and operation of oil and natural gas properties in the United States. It primarily focuses on developing a tight gas sand trend located in the Green River Basin of southwest Wyoming; and assessing, exploring, and developing its position in the Marcellus Shale and other horizons located in the north-central Pennsylvania area of the Appalachian Basin. As of December 31, 2011, the company owned interests in approximately 53,000 net acres in Wyoming covering approximately 190 square miles; 258,000 net acres in Pennsylvania; and 130,000 net acres in eastern Colorado?s Denver Julesburg Basin. Ultra Petroleum Corp. was founded in 1979 and is headquartered in Houston, Texas.
- [By Motley Fool Transcribers]
Ultra Petroleum Corp (NASDAQ:UPL)Q42018 Earnings Conference CallMarch 07, 2019, 12:00 p.m. ET
Prepared Remarks Questions and Answers Call Participants
- [By Shane Hupp]
Ultra Petroleum Corp (NASDAQ:UPL) shares were up 8.8% on Monday . The company traded as high as $1.25 and last traded at $1.23. Approximately 2,806,031 shares traded hands during mid-day trading, a decline of 31% from the average daily volume of 4,076,427 shares. The stock had previously closed at $1.13.
- [By Reuben Gregg Brewer]
Ultra Petroleum Corp.’s (NASDAQ:UPL) shares fell 14.5% in September, according to data provided by S&P Global Market Intelligence. But that drop just seemed normal for this oil and natural gas driller, which saw its stock decline more than 87% through the first nine months of 2018. That said, there was news in the month that showed just how bad things are here.
Hot Performing Stocks To Buy Right Now: Fortinet, Inc.(FTNT)
Fortinet, Inc. provides cyber security solutions for enterprises, service providers, and government organizations worldwide. The company offers FortiGate physical and virtual appliances products that provide various security and networking functions, including firewall, intrusion prevention, anti-malware, virtual private network, application control, Web filtering, anti-spam, and wide area network acceleration; FortiManager product family to provide a central management solution for FortiGate products comprising software updates, configuration, policy settings, and security updates; and the FortiAnalyzer product family, which provides a single point of network log data collection. It also offers FortiAP secure wireless access points; FortiWeb, a Web application firewall; FortiMail email security; FortiDB database security appliances; FortiClient, an endpoint security software; and FortiSwitch secure switch connectivity products. In addition, the company provides FortiSandbox advanced threat protection solutions; and FortiDDos and FortiDB database security appliances. Further, it offers security subscription, technical support, training, and professional services. The company was founded in 2000 and is headquartered in Sunnyvale, California.
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Finally, Fortinet (Nasdaq: FTNT), a cybersecurity company, fits the profile quite well. I know this company, too — it’s one of the recommendations in my Fast-Track Millionaire advisory. However, I have to agree with the average analyst estimate here: the distance between the current price and the expected target is relatively small; after a near double-digit gain in two months, it’s a “Hold” at this time in Fast-Track Millionaire (and I would wait for a catalyst of some kind before rating this company a “Buy” again). But this is an innovative company in a growth business, and I am glad that today’s screen has pointed out to FTNT as one of the selected few.
- [By Joseph Griffin]
Get a free copy of the Zacks research report on Fortinet (FTNT)
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- [By Ethan Ryder]
ILLEGAL ACTIVITY WARNING: “Insider Selling: Fortinet Inc (FTNT) CEO Sells 80,000 Shares of Stock” was reported by Ticker Report and is the property of of Ticker Report. If you are reading this story on another website, it was illegally copied and reposted in violation of international trademark and copyright laws. The correct version of this story can be viewed at www.tickerreport.com/banking-finance/4153077/insider-selling-fortinet-inc-ftnt-ceo-sells-80000-shares-of-stock.html.
- [By Ethan Ryder]
WARNING: “Fortinet Inc (FTNT) Position Reduced by WINTON GROUP Ltd” was posted by Ticker Report and is the property of of Ticker Report. If you are viewing this article on another site, it was illegally copied and reposted in violation of US & international trademark & copyright laws. The correct version of this article can be read at www.tickerreport.com/banking-finance/4151456/fortinet-inc-ftnt-position-reduced-by-winton-group-ltd.html.
Hot Performing Stocks To Buy Right Now: Kinder Morgan, Inc.(KMI)
Kinder Morgan, Inc. operates as an energy infrastructure and energy company in North America. The company operates through Natural Gas Pipelines, CO2, Terminals, Products Pipelines, Kinder Morgan Canada, and Other segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline and storage systems; natural gas and crude oil gathering systems, and natural gas processing and treating facilities; and natural gas liquids fractionation facilities and transportation systems. The CO2 segment produces, transports, and markets CO2 for use in enhanced oil recovery projects; and owns interest in oil-producing fields, gas processing plants, and crude oil pipelines located in the Permian Basin region of West Texas. The Terminals segment owns and operates liquids and bulk terminals, and rail transloading and materials handling facilities that transload and store refined petroleum products; crude oil; condensate; and bulk products, including coal, petroleum coke, cement, alumina, salt, and other bulk chemicals, as well as owns and operates seven tankers. The Products Pipelines segment owns and operates refined petroleum products, and crude oil and condensate pipelines; and associated product terminals and petroleum pipeline transmix facilities. The Kinder Morgan Canada segment owns and operates Trans Mountain pipeline system that transports crude oil and refined petroleum products from Edmonton, Alberta, and Canada to marketing terminals and refineries in British Columbia, Canada, and Washington State; and aviation turbine fuel pipeline. The Other segment includes various physical natural gas contracts with power plants. Kinder Morgan, Inc. owns an interest in or operates approximately 80,000 miles of pipelines and 180 terminals. The company was formerly known as Kinder Morgan Holdco LLC and changed its name to Kinder Morgan, Inc. in February 2011. Kinder Morgan, Inc. was founded in 1936 and is headquartered in Houston, Texas.
- [By ]
Launched by John Hancock in 1989, this closed-end fund targets dividend-paying preferred and common stock. There are more than 100 securities in the portfolio issued by cash generators such as Verizon (NYSE: VZ) and Kinder Morgan (NYSE: KMI). But the biggest weighting goes to utilities and financial firms, which occupy nearly 80% of assets.
- [By Joseph Griffin]
Abacus Planning Group Inc. reduced its stake in shares of Kinder Morgan Inc (NYSE:KMI) by 91.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,450 shares of the pipeline company’s stock after selling 25,495 shares during the period. Abacus Planning Group Inc.’s holdings in Kinder Morgan were worth $284,000 at the end of the most recent reporting period.
- [By Matthew DiLallo]
Industrials Spain Airports
Enbridge (NYSE:ENB) Energy Canada Oil and natural-gas pipelines and natural-gas utilities
NextEra Energy (NYSE:NEE) Utilities U.S. Electric and natural gas utilities, wind- and solar-power generation
Atlantia (NASDAQOTH:ATASY) Industrials Italy Toll roads and airports
Duke Energy (NYSE:DUK) Utilities U.S. Electric and natural gas utilities
TransCanada (NYSE:TRP) Energy Canada Oil and natural gas pipelines
Kinder Morgan (NYSE:KMI) Energy U.S. Oil and natural gas pipelines
Iberdrola (NASDAQOTH:IBDRY) Utilities Spain Electric and natural gas utilities
Getlink (NASDAQOTH:GRPTF) Industrials France Railroads
Data source: S&P Global.
- [By Matthew DiLallo]
Kinder Morgan (NYSE:KMI) has come a long way over the past few years. The natural gas pipeline giant sold several assets to shore up its balance sheet so that it could fund a growing list of high-return expansion projects. With its finances back on solid ground, the company was able to return to growth mode last year — a phase that should continue for at least the next couple of years.