Kolkata, West Bengal -- (SBWIRE) -- 09/27/2013 -- Specialpennystockalert.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on Walter Energy, Inc. (NYSE:WLT), SandRidge Energy Inc. (NYSE:SD).
Walter Energy, Inc. (NYSE:WLT) shares increased 5.82% to $14.55. Research analysts at RBC Capital reduced their target price on shares of WLT from $18.00 to $16.00 in a report released on Sept. 23. The firm currently has a “sector perform” rating on the stock.
Additionally, the company on Sept. 19 announced that it has increased the size of its previously announced offering of $350 million aggregate principal amount of senior secured notes due 2019 to $450 million with a coupon of 9.500% per annum. Walter Energy will pay interest on the Notes on April 15 and October 15 of each year, beginning on April 15, 2014.
Should Investors Buy WLT After Yesterday’s Jump? Find Out Here
SandRidge Energy Inc. (NYSE:SD) shares gained 2.74% to $5.99. Goldman Sachs Group Inc. upgraded shares of SandRidge Energy from a sell rating to a neutral rating in a research note released on Sept. 26. They currently have $6.00 target price on the stock.
Additionally, the company on Sept. 11 said it is selling its shares in two of its trusts and using the money to further capitalize its expansive operations on the Mississippian Lime play. The Oklahoma City oil and gas company sold 1 million shares each in its SandRidge Permian Trust (NYSE: PER) and SandRidge Mississippian Trust II (NYSE: SDR), a sale valued at nearly $30 million, according to a report in The Oklahoman.
How Should Investors Trade SD After The Recent Volatility? Get Free Trend Analysis Here
Specialpennystockalert.com is engaged in providing the most up to date and useful information on Microcap Stocks poised to breakout. Specialpennystockalert.com also provides investors with trend analysis, detailed company profiles, and most importantly a much needed "informational edge" which can be used as a tool for making investment decisions. To Receive Instant updates in the inbox, readers are advised to sign up for free at Specialpennystockalert.com.
The assembled information disseminated by Specialpennystockalert.com is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Specialpennystockalert.com does expect that investors will buy and sell securities based on information assembled and presented in phd-trading.com. PLEASE always do your own due diligence, and consult your financial advisor.
Contact Us: 888-4-SBWIRE (US) - 920-593-5640 (International)