Boston, MA 02/25/2014 (wallstreetpr) – Magnum Hunter Resources Corp (NYSE:MHR) announced fourth quarter results Monday. The company revealed that net loss narrowed in the latest quarter to $61.2 million, reflecting 36 cents per share. For the same quarter in the previous year, the company experienced loss of $87.2 million or 52 cents per share. On adjusted basis, per share net loss came in at 14 cents, against the 30 cents noted in the previous year. The 17 analysts polled by Thomson Reuters had expected loss of 21 cents per share. As for revenue, MHR announced generating $59.4 million, suggesting 64 percent increase from the $36.1 million in the fourth quarter if the previous year. The higher revenue was helped by higher production in the quarter. Analysts had expected Magnum Hunter Resources Corp (NYSE:MHR) to generate $84.72 million in revenue. The ticker had its stock trading at $8.44 by close of business Monday after losing 5.49 percent of its value.
Regions Financial Corporation (NYSE:RF) to have fewer board members going into the next annual meeting. That follows the exit of John Roberts who retires April 23, having attained the mandatory age of 72 years. Mr. Roberts joined RF board in 2001 and served in various committees including audit committee which it chaired at one time during his tenure. Regions CEO Grayson Hall has hailed Mr. Roberts, citing his immense contribution to the board. Mr. Hall is also the RF board chairman. The board of RF which currently comprises 14 members will go into the annual meeting with 13 members. Shares of Regions Financial Corporation (NYSE:RF) were up 1.95 percent to $10.44 in the previous session.
The Blackstone Group L.P. (NYSE:BX) had an exciting day on the browser Monday. The stock was among the active movers and gainers on NYSE, adding 2.53 percent to its market value by bell time. Thus the stock ended up settling at $32.87 per share, but not without escalating to $33.05 and dropping to $32.24 during the day of high activity. Looking at the previous close, The Blackstone Group L.P. (NYSE:BX) is slightly shy of its 52-week high.
