Business Stocks

Active Stocks News Recap: Kosmos Energy (NYSE:KOS), American Equity Investment Life Holding(NYSE:AEL), Apollo Education Group (NASDAQ:APOL), Ambac Financial Group, (NASDAQ:AMBC)

Written by Greg Thomas

During Wednesday’s Current trade, Shares of Kosmos Energy Ltd(NYSE:KOS), gain 1.22% to $7.45.

Kosmos Energy (KOS) pronounced as of late monetary and working results for the second quarter of 2015, which involved a net loss of $75.2 million, or $0.20 per weakened offer, as difference to net wage of $56.5 million, or $0.15 per weakened offer in the same quarter a year ago. At the point when balanced for specific things that effect the likeness of results, including non-money changes the reasonable estimation of subordinate instruments, money settlements on thing subsidiaries, pick up at a bargain of benefits, and other comparable non-money and non-repeating charges, the Company produced a balanced net loss(1) of $1.3 million or $0.00 per weakened offer for the second quarter of 2015.

Highlights for the quarter ended June 30, 2015, comprise:

  • Made a huge, bowl opening gas revelation seaward Mauritania.
  • Sold 1.9 million barrels of oil, net to Kosmos.
  • Achieved around 65 percent of the improvement of the TEN undertaking.
  • Enhanced liquidity through extra offering of senior notes, and renegotiating of our corporate spinning credit office.

Kosmos Energy Ltd. investigates for and produces oil and gas in Africa, Europe, and South America. Its benefit portfolio includes generation and other improvement ventures in seaward Ghana, notwithstanding investigation licenses with hydrocarbon potential in seaward Ireland, Mauritania, Morocco, Senegal, and Suriname. The organization was established in 2003 and is situated in Hamilton, Bermuda.

Shares of American Equity Investment Life Holding(NYSE:AEL), declined -2.84% to $27.39, during its current trading session.

American Equity Investment Life Holding Company (AEL) proclaimed that it has started an endorsed open offering of 8,600,000 shares of regular stock, of which 4,300,000 will be liable to the forward deal assention. In conjunction with this offering, the supporters will be allowed a 30-day alternative to buy up to 1,290,000 extra shares of regular stock.

Regarding the offering of its normal stock, the Company expects to go into a forward deal assention (and, to the degree that the supporters practice their alternative to buy extra shares, the Company will go into an extra forward deal understanding) with a partner of RBC Capital Markets, LLC (the “Forward Counterparty”), under which the Forward Counterparty or its partner is unsurprising to, subject as per the general inclination of specific conditions, obtain from outsiders and offer to the guarantors 4,300,000 shares of the Company’s regular stock

American Equity Investment Life Holding Company, through its assistants, creates and offers settled file and altered rate annuity items in 50 states and the District of Columbia. It issues settled file annuities and altered rate annuities, notwithstanding single premium prompt annuities.

Apollo Education Group Inc(NASDAQ:APOL), during its Wednesday’s current trading session decreased -1.85% to $12.17.

Apollo Education Group, Inc. (APOL) expressed money related results for the three and nine months finished May 31, 2015, with second from last quarter income of $681.5 million and weakened profit for each offer of $0.44, or $0.53 not considering unique things.

Second from last Quarter 2015 Results of Operations

Apollo Education Group (the “Organization”) expressed net income for the second from last quarter 2015 of $681.5 million, complexity to $793.6 million for the second from last quarter 2014. Second from last quarter 2015 University of Phoenix New Degreed Enrollment was 29,400 and Degreed Enrollment was 206,900, complexity to New Degreed Enrollment of 33,900 and Degreed Enrollment of 241,900 for the earlier year second from last quarter. Working wage for the second from last quarter 2015 was $90.7 million, difference to $116.3 million for the second from last quarter 2014. Salary from continuous operations owing to Apollo Education Group for the second from last quarter 2015 was $48.1 million, or $0.44 per offer, complexity to $68.1 million, or $0.61 per offer for the earlier year second from last quarter.

Not considering exceptional things, working wage was $101.6 million for the second from last quarter 2015, complexity to $140.3 million for the second from last quarter 2014, and salary from progressing operations inferable from Apollo Education Group for the second from last quarter 2015 was $57.5 million, or $0.53 per offer, difference to $86.9 million, or $0.78 per offer, for the second from last quarter 2014. Balanced Operating Income was $132.2 million for the second from last quarter 2015 complexity to $178.1 million for the second from last quarter 2014. (Uncommon things and Adjusted Operating Income for the particular periods are involved in the compromise of GAAP to non-GAAP monetary data tables of this press discharge.)

Apollo Education Group, Inc. gives private schooling administrations. It offers online and on-grounds undergrad, graduate, proficient improvement, and other non-degree instructive projects and administrations basically to working learners in the United States and universally. The organization works in University of Phoenix, Apollo Global, and Other portions. It offers different degree programs in cutting edge studies, business, criminal equity and security, instruction, wellbeing sciences and nursing, humanities and sciences, data frameworks and innovation, and sociologies.

Finally, Ambac Financial Group, Inc. (NASDAQ:AMBC), decreased -0.82%, to $17.01.

Ambac Financial Group, Inc. (AMBC) a holding organization whose assistants, numbering Ambac Assurance Corporation (“Ambac Assurance”), give money related insurances and other monetary administrations, as of late expressed results for the three months finished June 30, 2015.

Warrant Repurchase Program

On June 30, 2015, the Board of Directors approved the foundation of a warrant repurchase program that allows the repurchase of up to $10 million of warrants. As of August 7, 2015, Ambac has repurchased 538,678 warrants for an aggregate of $4.7 million. As of June 30, 2015 and August 7, 2015, Ambac had 5,039,479 and 4,500,459 warrants remarkable, separately, with an activity cost of $16.67 per offer and close date of April 30, 2023.

Ambac Financial Group, Inc. does not have noteworthyoperations. The organization means on investigating new business opportunities. Some time ago, it offered monetary certification protection approaches and credit subsidiary contracts; and money related and speculation items, tallying venture understandings, subsidizing channels, and premium rate swaps primarily to the customers of its budgetary insurance business. The organization was established in 1971 and is headquartered in New York, New York.

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.

Leave a Comment