Home / Street Sector / Active Movers in Hot Line: Northern Oil and Gas (NYSE:NOG), Great Plains Energy (NYSE:GXP), Teekay (NYSE:TK)

Active Movers in Hot Line: Northern Oil and Gas (NYSE:NOG), Great Plains Energy (NYSE:GXP), Teekay (NYSE:TK)

Shares of Northern Oil and Gas, Inc. (NYSE:NOG) [Trend Analysis] runs in leading trade, it plunging -6.28% to traded at $3.73. The firm has price volatility of 5.10% for a week and 7.25% for a month. Its beta stands at 1.11 times. Pomerantz LLP is investigating claims on behalf of investors of Northern Oil and Gas, Inc. (NOG). The examination concerns whether Northern Oil and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.

On August 16, 2016, Northern Oil fired Michael Reger as Chief Executive Officer following Mr. Reger told the Firm that he faces sanctions in a U.S. Securities and Exchange Commission (“SEC”) examination. The Firm reported that Mr. Reger had attained a Wells Notice from the SEC in connection with its examination of 2012 trading patterns in the securities of Dakota Plains Holdings Inc., a firm in which Mr. Reger was an initial investor in 2008. Northern Oil stated that Mr. Reger has been removed from the Firm’s board, effective immediately, and that the Firm does not believe that Reger will be entitled to any severance payment. Narrow down four to firm performance, its weekly performance was -7.44% and monthly performance was -17.48%. The stock price of NOG is moving down from its 20 days moving average with -6.05% and isolated negatively from 50 days moving average with -14.53%.

Several matter pinch shares of Great Plains Energy Incorporated (NYSE:GXP) [Trend Analysis], as shares plunging -0.85% to $27.89 with a share volume of 1.45 Million. Great Plains Engy’s (GXP) KCP&L President and CEO issues statement on the Missouri Public Service Commission (:MPSC) Staff’s assertions related to the transaction among GXP and Westar (WR): “We strongly disagree with the MPSC Staff’s position and don’t believe the MPSC has jurisdiction over this transaction, as Westar isn’t a utility operating in Missouri. As we’ve stated from the startning, we expect that the combination of KCP&L and Westar will create important operational efficiencies and cost savings that will benefit our consumers in Kansas and Missouri. We remain on track to complete the transaction in the q2 of 2017.” The stock is going forward its 52-week low with 19.03% and moving down from its 52-week high price with -14.08%. To have technical analysis views, liquidity ratio of a firm was calculated 0.50 as evaluated with its debt to equity ratio of 1.19. The float short ratio was 5.04%, as compared to sentiment indicator; Short Ratio was 3.23.

Teekay Corporation (NYSE:TK) [Trend Analysis] luring active investment momentum, shares a loss -0.88% to $6.78. Teekay Corporation (TK) reported that it has commenced a registered exchange offer to exchange up to $200 million outstanding unregistered 8.5% Senior Notes due 2020 for a like principal amount of newly issued, registered 8.5% Senior Notes due 2020.

The sole purpose of the Exchange Offer is to fulfill the obligations of the Firm with respect to the registration of the Original Notes. Pursuant to a registration rights contract entered into in connection with the sale of the Original Notes, the Firm agreed to file with the Securities and Exchange Commission a registration statement relating to the Exchange Offer pursuant to which the Exchange Notes, containing substantially identical terms to the Original Notes, would be provided in exchange for Original Notes that are tendered by the holders thereof. The total volume of 1.55 Million shares held in the session was surprisingly higher than its average volume of 1836.23 shares. EPS anticipates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at 247.70%, and looking additional price to next year’s EPS is 68.60%. While take a short look on price to sales ratio, that was 0.19 and price to earning ratio of 11.63 attracting passive investors.


About Aaron Smithies

Aaron Smithies has a wide look on current monetary and financial events. He is an editor and a writer. His views; At Streetwise Report, we think the best opportunities arise from a complete understanding of all investing disciplines in order to identify the most attractive stocks at any given time. Interests: Biotech, Finical markets, Dividend stock ideas & income, Energy stocks, Consumer goods stocks

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