Active Stocks in the News: W&T Offshore, Inc. (NYSE:WTI), UDR, Inc. (NYSE:UDR)

W&T Offshore, Inc. (NYSE:WTI), finished its Tuesday’s exchanging session with 6.03% increase, and shut at $3.26.


W&T Offshore, Inc., an autonomous oil and normal gas maker, together with its helpers, takes part in the procurement, investigation, and advancement of oil and common gas properties essentially in the Gulf of Mexico and inland in the Permian Basin of West Texas.

W&T Offshore, Inc. (WTI) expressed its second quarter 2015 operations and financial  results, notwithstanding its 2015 second from last quarter and entire year creation and cost direction. A key’s portion things contain:

Effectively expert and brought on creation two deepwater wells at Mississippi Canyon 538 “Medusa” field amid the second quarter. The two wells, the SS #6 and SS #7, went ahead line with a consolidated introductory rate surpassing 17,300 barrels of oil equal (“Boe”) every day gross, expanding the aggregate field yield to more than 20,800 Boe every day horrible or more prominent than 3,000 Boe every day net to our advantage.

Generation for the second quarter of 2015 arrived at the midpoint of around 46,500 Boe every day (4.23 million Boe altogether for the quarter), 55% of which was oil and fluids. Oil creation raised 2.9% for the second quarter of 2015 complexity to the second quarter of 2014 while characteristic gas generation lessened 5.5% and regular gas fluids (“NGLs”) generation diminished 20.6% as we proceed with our attention on oil related ventures.

Normal acknowledged deals cost for the second quarter of 2015 was $56.63 per barrel for oil, $19.18 per barrel for NGLs and $2.74 per thousand cubic feet (“Mcf”) for common gas. On a joined premise, our normal acknowledged deals cost was $34.83 per Boe differentiation to $59.63 per Boe in the second quarter of 2014.

UDR, Inc. (NYSE:UDR’s) shares increased 2.08% to $32.84.

UDR, Inc. is an autonomous land venture trust. The firm puts resources into the land markets of the United States. It possesses, works, gets, remodels, creates, redevelops, and oversees multifamily flat groups. The firm was already known as United Dominion Realty Trust, Inc. UDR, Inc. was established in 1972 and is headquartered in Denver, Colorado with extra workplaces in Dallas, Texas; Houston, Texas; Newport Beach, California; Orlando, Florida; Phoenix, Arizona; Santa Clara, California; Tampa, Florida; and Washington DC, Virginia.

UDR, Inc. (UDR) announced Second Quarter 2015 Results and Increases Full-Year 2015 Earnings and Same-Store Guidance Ranges.

Second Quarter 2015 Highlights:

Stores from Operations per offer was $0.41 (+6% year-over-year), FFO as Adjusted per offer was $0.42 (+9%), and AFFO per offer was $0.38 (+11%).

Year-over-year same-store (“SS”) income and net working wage (“NOI”) development for the quarter were 5.4 percent and 6.8 percent, individually.

Amid the quarter, the Company pronounced an agreement to procure up to six flat groups esteemed at $908 million in the recouping Washington, DC market as a Home’s component Properties merger with Lone Star Funds. The exchange is unsurprising to shut in the third or final quarter of 2015.

As once in the past announced, the Company contributed $136 million for a 48 percent enthusiasm for a $559 million improvement joint wander that is involved five groups, in different phases of development, on the West Coast. The exchange shut in May 2015 and was immediately accretive to FFO per offer.

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About the Author

Tanya Jones
Tanya is a senior reporter for JBH News Sports & Tech section. She graduated from York College, City University of New York in 2012.