Business Stocks

Active Stocks News Buzz: Jacobs Engineering Group (NYSE:JEC), Teekay Tankers(NYSE:TNK), Vantage Drilling Company(NYSEMKT:VTG), Constellium (NYSE:CSTM)

Written by Greg Thomas

During Wednesday’s Current trade, Shares of Jacobs Engineering Group Inc (NYSE:JEC), lost -1.38% to $43.73.

Jacobs Engineering Group Inc. (JEC) announced that it was granted a five-year, different utilization contract by Suncor Energy Services Inc. for turnaround administrations at Suncor offices situated in the Wood Buffalo area of Alberta, Canada.

Under the terms of the agreement, Jacobs may give pre-work, execution and post-work for turnaround occasions amid arranged blackouts at Suncor offices. Turnaround administrations to be offered under this agreement include mechanical, funneling and bolster administrations.

Jacobs Engineering Group Inc. gives specialized, proficient, and development administrations to different mechanical, business, and legislative customers. It offers task benefits that include building, configuration, compositional, insides, arranging, ecological, and different administrations; and process, logical, and frameworks counseling administrations, including administrations performed association with experimental testing, examination, and counseling exercises, notwithstanding data innovation, and frameworks designing and reconciliation exercises.

Shares of Teekay Tankers Ltd. (NYSE:TNK), declined -6.24% to $6.46, during its current trading session.

Teekay Tankers Ltd. (TNK) expressed balanced net pay inferable from its shareholders (1) of $41.3 million, or $0.35 per offer, for the quarter finished June 30, 2015, differentiation to a balanced net loss of $4.1 million, or $0.05 per offer, for the same period in the first year. The improve is fundamentally because of more grounded spot tanker rates in the second quarter of 2015 difference to the same period in the previous year, an upgrade in armada size because of the procurement of the four Long Range 2 (LR2) item tankers and one Aframax tanker in the first quarter of 2015 and the expansion of the nine in-contracted vessels that conveyed to the Company amid 2014 and the first a large portion of 2015. Balanced net salary inferable from shareholders rejects various particular things that had the net impact of expanding net pay owing to shareholders by $3.0 million, or $0.03 per offer, and by $8.7 million, or $0.10 per offer, for the three months finished June 30, 2015 and 2014, separately, as point by point in Appendix A to this discharge. Numbering these things, the Company expressed, on a GAAP premise, net wage owing to its shareholders of $44.2 million, or $0.38 per offer, and $4.6 million, or $0.05 per offer, for the three months finished June 30, 2015 and 2014, separately. Net revenues(3) were $104.0 million and $40.8 million for the three months finished June 30, 2015 and 2014, individually.

Amid the second quarter of 2015, the Company created $57.9 million, or $0.50 per offer, of free money flow(2), differentiation to $9.2 million, or $0.11 per offer, in the second quarter of 2014, because of higher normal spot rates earned and an upgrade in the span of the Company’s armada. On July 2, 2015, Teekay Tankers pronounced a profit of $0.03 per offer for the second quarter of 2015, which was paid on July 31, 2015 to all shareholders of record on July 17, 2015. Since the Company’s beginning, it has pronounced profits in 31 progressive quarters.

Teekay Tankers Ltd. is occupied with the marine transportation of unrefined petroleum and refined petroleum items through the operation of its oil and item tankers around the world. As of December 31, 2014, it possessed 27 twofold hulled routine oil tankers, time-contracted in 8 Aframax tankers, and 4 long range 2 item tankers from outsiders; and claimed a half enthusiasm for 1 extensive unrefined bearer.

Vantage Drilling Company (NYSEMKT:VTG), during its Wednesday’s current trading session gained 0.13% to $0.160.

Vantage Drilling Company (VTG) reports net salary for the three months finished June 30, 2015 of $25.0 million or $.07 per weakened offer as differentiation to profit of $10.2 million or $.03 per weakened offer for the three months finished June 30, 2014.

The three months finished June 30, 2015 includes about $5.6 million of increases on the early retirement of obligation as difference to a misfortune on the early retirement of obligation of $1.4 million in the previous year. The solid working results for the second quarter additionally obliged us to re-assess our compelling expense rate for the year and joined with duty effect of the early retirement of obligation brought about a $2.7 million positive acclimation to our duty procurement as differentiation to a $3.5 million unfavorable modification in the second quarter 2014. Altering for these things, star forma net pay for the three months finished June 30, 2015 spoke the truth $16.6 million or $.05 per weakened offer as complexity to $15.1 million or $.05 per weakened offer for the three months finished June 30, 2014.

The aggregate obligation retirement for the first a large portion of 2015, including arranged developments and open business buy of obligation, totaled about $140.0 million at face esteem. Taking after the end of the quarter, we kept on procuring obligation in the open market and have ventured down about $150.0 million of obligation year to date with an annualized premium funds of about $9.7 million.

Vantage Drilling Company, through its helpers, gives seaward contract penetrating administrations in the United States and universally. It offers penetrating units, related gear, and work groups under contract to bore oil and normal gas wells. The organization likewise gives development supervision and operations organization administrations for boring units claimed by others. As of March 6, 2015, it claimed an armada of seven boring units, numbering three ultra-deepwater drillships and four ultra-premium jackup rigs.

Finally, Constellium NV (NYSE:CSTM), decreased -3.48%, to $6.38.

Constellium N.V. (CSTM) expressed results for the second quarter finished June 30, 2015. Highlights beneath are in examination to the second quarter of 2014.

Constellium’s second quarter 2015 outcomes include a record Adjusted EBITDA in our AS&I fragment and superior to anything expected results in our A&T business. We additionally accomplished record shipments and Adjusted EBITDA in P&ARP because of the procurement of Wise Metals in January 2015.

Incomes for the second quarter 2015 were €1.375 billion, an improve of 49% from the second quarter 2014, of which €308 million were contributed by Muscle Shoals. Balanced EBITDA was €93 million, including €19 million from Muscle Shoals. This is an upgrade of 15% from the second quarter 2014 Adjusted EBITDA of €81 million. For the six months finished June 30, 2015, Constellium expressed Adjusted EBITDA of €188 million, including €44 million from Muscle Shoals differentiation to €152 million for the same period in 2014. Second quarter 2015 shipments were 386k metric tons, an upgrade of 38% from second quarter 2014, of which 111k metric tons were contributed by Muscle Shoals. Balanced EBITDA per metric ton for the second quarter 2015 was €241 difference to €291 for the second quarter 2014.

Constellium N.V. is occupied with the configuration, assembling, and offer of strength moved and expelled aluminum items for the aviation, bundling, and car end-markets. The organization works in three fragments: Aerospace & Transportation, Packaging & Automotive Rolled Products, and Automotive St.

About the author

Greg Thomas

Greg Thomas lives in Cincinnati, graduate from Stanford University. He loves to keep up with world events and the latest happenings in the world of sports.

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