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Hot Stocks
Nuverra Environmental cuts staff and capex, reduces executive compensation » 21:05
04/08/20
04/08
21:05
04/08/20
21:05
NES

Nuverra Environmental

$1.49 /

+0.24 (+19.20%)

Nuverra Environmental…

Nuverra Environmental announced that in response to the market uncertainty created by the COVID-19 virus and the recent decline in crude oil prices, the company has implemented a number of initiatives to adjust the company's cost structure in anticipation of reduced revenue for the remainder of 2020, including: Reduced Board and CEO compensation by 25%; Reduced select other executive salaries by 20%; Adjusted all other exempt and non-exempt non-contracted salaries by between 10% and 20%; Effected headcount reduction, including changes made earlier in the first quarter, of approximately 100 employees; Materially scaled back operations in two completions-related businesses and closed one location; Reduced other non-critical operating expenses. These changes will save the company approximately $11M in annual costs and allow Nuverra to be more competitive across its business lines. In addition to these initiatives, the company is targeting a 25% to 30% reduction in its capital expenditure budget and is actively reviewing its organizational structure and taking additional steps to further streamline its operations.

Conference/Events
EnerCom to hold a conference » 09:55
08/14/19
08/14
09:55
08/14/19
09:55
CHAP

Chaparral Energy

$1.91 /

-0.08 (-4.02%)

, PVAC

Penn Virginia

$30.04 /

-1.15 (-3.69%)

, ROSE

Rosehill Resources

$1.67 /

+0.01 (+0.60%)

, JOY

Acquired by Komatsu

$0.00 /

+ (+0.00%)

, FTK

Flotek

$2.03 /

+ (+0.00%)

, NES

Nuverra Environmental

$5.11 /

+ (+0.00%)

, NBR

Nabors Industries

$1.84 /

-0.17 (-8.46%)

, PFIE

Profire Energy

$1.33 /

+ (+0.00%)

, E

Eni SpA

$29.21 /

-0.83 (-2.76%)

The Oil & Gas…

The Oil & Gas Conference will be held in Denver on August 11-14 with webcasted company presentations to begin on August 14 at 10 am; not all company presentations may be webcasted. Webcast Link

ShowHide Related Items >><<
CHAP Chaparral Energy
$1.91 /

-0.08 (-4.02%)

10/11/18 Stifel
Chaparral Energy initiated with a Buy at Stifel
PVAC Penn Virginia
$30.04 /

-1.15 (-3.69%)

05/23/19 Capital One
Capital One upgrades 11 E&P companies to reflect more bullish stance
05/23/19 Capital One
Penn Virginia upgraded to Overweight from Equalweight at Capital One
04/29/19
Fly Intel: Top five analyst initiations
04/29/19 Imperial Capital
Penn Virginia initiated with an Outperform at Imperial Capital
ROSE Rosehill Resources
$1.67 /

+0.01 (+0.60%)

10/29/18 IFS Securities
Rosehill Resources initiated with an Outperform at IFS Securities
10/19/18 Truist
Rosehill Resources initiated with a Buy at SunTrust
09/20/18 Seaport Global
Rosehill Resources initiated with a Buy at Seaport Global
08/24/18
On The Fly: Top five analyst initiations
JOY Acquired by Komatsu
$0.00 /

+ (+0.00%)

FTK Flotek
$2.03 /

+ (+0.00%)

NES Nuverra Environmental
$5.11 /

+ (+0.00%)

NBR Nabors Industries
$1.84 /

-0.17 (-8.46%)

08/02/19 Jefferies
Patterson-UTI downgraded to Hold from Buy at Jefferies
03/14/19
Fly Intel: Top five analyst downgrades
03/14/19 Citi
Citi downgrades Nabors to Neutral on back half weighted outlook
03/14/19 Citi
Nabors Industries downgraded to Neutral from Buy at Citi
PFIE Profire Energy
$1.33 /

+ (+0.00%)

07/08/19 Aegis
Profire Energy initiated with a Buy at Aegis
03/12/19 Chardan
Profire Energy downgraded to Neutral from Buy at Chardan
E Eni SpA
$29.21 /

-0.83 (-2.76%)

06/17/19 Santander
Eni SpA upgraded to Buy from Hold at Santander
05/07/19 Citi
Eni SpA downgraded to Neutral from Buy at Citi
02/26/19 RBC Capital
RBC upgrades Total, downgrades Shell after reserves analysis
01/18/19 JPMorgan
Eni SpA upgraded to Neutral from Underweight at JPMorgan
Conference/Events
EnerCom to hold a conference » 08:56
08/14/19
08/14
08:56
08/14/19
08:56
CHAP

Chaparral Energy

$1.99 /

-0.005 (-0.25%)

, PVAC

Penn Virginia

$31.19 /

-0.21 (-0.67%)

, ROSE

Rosehill Resources

$1.66 /

-0.15 (-8.29%)

, JOY

Acquired by Komatsu

$0.00 /

+ (+0.00%)

, FTK

Flotek

$2.03 /

+0.09 (+4.64%)

, NES

Nuverra Environmental

$5.11 /

+0.07 (+1.39%)

, NBR

Nabors Industries

$2.01 /

-0.17 (-7.80%)

, PFIE

Profire Energy

$1.33 /

-0.04 (-2.92%)

, E

Eni SpA

$30.04 /

+0.53 (+1.80%)

The Oil & Gas…

The Oil & Gas Conference will be held in Denver on August 11-14 with webcasted company presentations to begin on August 14 at 10 am; not all company presentations may be webcasted. Webcast Link

ShowHide Related Items >><<
CHAP Chaparral Energy
$1.99 /

-0.005 (-0.25%)

10/11/18 Stifel
Chaparral Energy initiated with a Buy at Stifel
PVAC Penn Virginia
$31.19 /

-0.21 (-0.67%)

05/23/19 Capital One
Capital One upgrades 11 E&P companies to reflect more bullish stance
05/23/19 Capital One
Penn Virginia upgraded to Overweight from Equalweight at Capital One
04/29/19
Fly Intel: Top five analyst initiations
04/29/19 Imperial Capital
Penn Virginia initiated with an Outperform at Imperial Capital
ROSE Rosehill Resources
$1.66 /

-0.15 (-8.29%)

10/29/18 IFS Securities
Rosehill Resources initiated with an Outperform at IFS Securities
10/19/18 Truist
Rosehill Resources initiated with a Buy at SunTrust
09/20/18 Seaport Global
Rosehill Resources initiated with a Buy at Seaport Global
08/24/18
On The Fly: Top five analyst initiations
JOY Acquired by Komatsu
$0.00 /

+ (+0.00%)

FTK Flotek
$2.03 /

+0.09 (+4.64%)

NES Nuverra Environmental
$5.11 /

+0.07 (+1.39%)

NBR Nabors Industries
$2.01 /

-0.17 (-7.80%)

08/02/19 Jefferies
Patterson-UTI downgraded to Hold from Buy at Jefferies
03/14/19
Fly Intel: Top five analyst downgrades
03/14/19 Citi
Citi downgrades Nabors to Neutral on back half weighted outlook
03/14/19 Citi
Nabors Industries downgraded to Neutral from Buy at Citi
PFIE Profire Energy
$1.33 /

-0.04 (-2.92%)

07/08/19 Aegis
Profire Energy initiated with a Buy at Aegis
03/12/19 Chardan
Profire Energy downgraded to Neutral from Buy at Chardan
E Eni SpA
$30.04 /

+0.53 (+1.80%)

06/17/19 Santander
Eni SpA upgraded to Buy from Hold at Santander
05/07/19 Citi
Eni SpA downgraded to Neutral from Buy at Citi
02/26/19 RBC Capital
RBC upgrades Total, downgrades Shell after reserves analysis
01/18/19 JPMorgan
Eni SpA upgraded to Neutral from Underweight at JPMorgan

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