Boston, MA -- (SBWIRE) -- 08/23/2013 -- At winstonsmallcap.com we focus on undervalued companies trading under $5. Right now the markets are surging and we are seeing an opportunity in micro-cap companies like we have never seen before. Let have a Look on: (Medical Properties Trust, Inc. (NYSE:MPW), Mueller Water Products, Inc.(NYSE:MWA), Key Energy Services, Inc. (NYSE:KEG), Northern Oil & Gas, Inc. (NYSEAMEX:NOG)
Medical Properties Trust, Inc. (NYSE:MPW) shares dropped 0.49% to $12.30. The company on August 15 announced that it has priced its underwritten public offering of 10,000,000 shares of common stock at a public offering price of $12.75 per share. The offering is expected to close on or about August 20, 2013, subject to customary closing conditions. The Company estimates that the net proceeds from the offering, after deducting discounts and commissions and estimated offering expenses, will be approximately $122.0 million or approximately $140.4 million if the underwriters' option to purchase additional shares is exercised in full.
Additionally, the company on August 15 announced that its Board of Directors declared a regular quarterly cash dividend of $0.20 per share of common stock to be paid on October 10, 2013, to stockholders of record on September 12, 2013.
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Mueller Water Products, Inc.(NYSE:MWA) shares increased 3.71% to $7.82. The company on July 30 reported a third quarter profit of $14.1 million or $0.09 per share, an increase from $9.8 million or $0.06 per share in the prior-year quarter. Adjusted net income rose to $0.08 per share from $0.05 per share in the year-ago quarter. The company said its third-quarter net sales increased 8.5% to $299.4 million from $275.9 million in the corresponding quarter a year ago. Analysts expected earnings of $0.08 per share on consensus revenue estimate of $300.18 million for the quarter.
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Key Energy Services, Inc. (NYSE:KEG) shares gained 5.72% to $6.84. The company on July 25 said it generated second quarter 2013 consolidated revenues of $411.4 million and normalized pre-tax income from continuing operations of $2.2 million, or $0.01 per share. Normalized pre-tax income from continuing operations excludes $8.3 million, or $0.04 per share, of severance and restructuring costs. On a GAAP basis, the second quarter 2013 net loss from continuing operations was $4.1 million, or $0.03 per share. Both GAAP and normalized results include $2.3 million of pre-tax equipment mobilization costs associated with international operations.
Is KEG A Good Buy After The Recent Price Movement? Find Out Here
Northern Oil & Gas, Inc. (NYSEAMEX:NOG) shares increased 6.35% to $12.72. The company, on August 8, announced 2013 second quarter results of operations. The company’s adjusted Net Income for the second quarter of 2013 was $14.6 million, or $0.23 per diluted share. GAAP net income for the second quarter of 2013 was $25.0 million, or $0.39 per diluted share. Adjusted EBITDA for the second quarter of 2013 was $58.2 million.
Is NOG A Strong Buy? Get Advantage Of Our Free Trend Analysis Here
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