Hot Stocks To Look Out For: SandRidge Energy, (NYSE:SD), Exxon Mobil Corporation, (NYSE:XOM), Hecla Mining Company, (NYSE:HL)

On Tuesday, Shares of SandRidge Energy, (NYSE:SD), lost 6.53% to $0.415.

SandRidge Energy Inc, latest closing price of $0.415 is at a discount to its 200-day moving average price of $0.97. Its 52-week range has been $ 0.25 $4.80; it is trading at discount versus its 52-week high of $4.80 achieved on Oct 17, 2014 and a premium to its 52-week low of $0.25 faced on Sep 30, 2015. The stock, as of recent close, has shown weekly downbeat performance of -18.63% which was maintained at -77.20% in this year.

SandRidge Energy, declared that the Company has reached privately negotiated purchase and exchange agreements under which it will repurchase $100 million aggregate principal amount of its senior unsecured notes for $30 million cash and exchange $300 million of senior unsecured notes into convertible notes.

Specifically, the Company will repurchase $2.2 million aggregate principal amount of its 8.75% Senior Notes due 2020 (the 2020 Outstanding Notes), $46.6 million aggregate principal amount of its 7.5% Senior Notes due 2021 (the 2021 Outstanding Notes), and $51.2 million aggregate principal amount of its 7.5% Senior Notes due 2023 (the 2023 Outstanding Notes) for an aggregate of $30 million in cash.

The Company will exchange $6.6 million aggregate principal amount of the 2020 Outstanding Notes, $189.3 million aggregate principal amount of the 2021 Outstanding Notes, $73.5 million aggregate principal amount of the 8.125% Senior Notes due 2022 and $30.6 million aggregate principal amount of its 2023 Outstanding Notes for $269.4 million aggregate principal amount of its 8.125% Convertible Senior Notes due 2022 and $30.6 million aggregate principal amount of its 7.5% Convertible Senior Notes due 2023 (the 2023 Convertible Notes). The projected additional 2022 Convertible Notes and 2023 Convertible Notes will be issued as part of the respective outstanding classes of 2022 Convertible Notes and 2023 Convertible Notes that were originally issued by the Company on August 19, 2015.

SandRidge Energy, Inc. is an oil and natural gas company. The Company operates in three business segments: exploration and production, drilling and oil field services, and midstream services. The exploration and production segment explores for, develops and produces oil and natural gas in the Mid-Continent.

Shares of Exxon Mobil Corporation, (NYSE:XOM), declined -0.19% to $79.15, during its last trading session.

In the last trading session, Exxon Mobil Corporation, moved on low volume, trading at a volume of 12,326,598 shares versus its average daily volume of 15.57M shares. At $79.15, the stock has lost momentum as shares are down from a peak price of $97.20 recorded on Nov 21, 2014. The stock, as of recent close, has shown weekly upbeat performance of 1.63% which was maintained at -12.20% in this year. The stock is having its 200-day moving average of $81.30 and $74.32 as its 50-day moving average.

Exxon Mobil Corporation is an energy company. The Company is engaged in the exploration and production of crude oil and natural gas. The Company is involved in the manufacturing of petroleum products, and transportation and sale of crude oil, natural gas and petroleum products.

Finally, Shares of Hecla Mining Company (NYSE:HL), ended its last trade with 0.83% loss, and closed at $2.38.

Hecla Mining Company, has dropped -32.53% from its. The consensus price target for the stock is $2.70 a share. The 52-week range is $1.77 to $3.54. Up 1.32% over 12 months, the company has a market cap of $ 943.87M; its shares recently traded at around $2.38. The P/E ratio is 141.67.

Hecla Mining Company is engaged in discovering, acquiring, developing and producing silver, gold, lead and zinc. The Company operates in three segments: the Greens Creek, Lucky Friday, and Casa Berardi units.

DISCLAIMER:

This article is published by www.stocksnewswire.com. The content included in this article is just for informational purposes only. Stocksnewswire.com takes sensible consideration to ensure that the data given in this article is up to date and accurate. The news, prices, opinions, research, analysis, and other information published in this article are obtained from sources believed to be reliable.

Neither Stocksnewswire.com nor any of Stocksnewswire.com partners make any representation or guarantee as to the fulfillment or precision of the information contained in this article.

Investors must consult their own additional due diligence with any potential investment or highlighted company before making any decision on behalf of information offered by Stocksnewswire.com.

Information contained in this article may contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long-term; pricing pressures; etc.

Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward-looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified with such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.

About Travis Garlick 1752 Articles
Been writing about and trading stocks since 2013. Manage a group of micro-cap investors on Facebook with over 15,000 members. Turned $8,500 into 185k the first year I started trading stocks and haven't looked back.