Boston, MA -- (SBWIRE) -- 08/30/2013 -- 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: (Hercules Offshore, Inc.(NASDAQ:HERO), Synergy Resources Corp (NYSEMKT:SYRG), American Equity Investment Life Holding (NYSE:AEL), PAA Natural Gas Storage, L.P. (NYSE:PNG)
Hercules Offshore, Inc.(NASDAQ:HERO) shares climbed 0.84% and closed at $7.19. The company, on July 31, said its second-quarter loss narrowed as the company reported stronger revenue amid dayrate improvement, though again faced significant one-time charges that dragged down results. The company reported a loss of $27.4 million, or 17 cents a share, compared with a year-ago loss of $55.1 million, or 35 cents a share. The company posted adjusted profit of a penny, compared with loss of 10 cents a year earlier. Revenue improved 37% to $211.5 million. Analysts recently predicted an adjusted profit of five cents a share on revenue of $225 million.
Is HERO A Strong Buy? Get Advantage Of Our Free Trend Analysis Here
Synergy Resources Corp (NYSEMKT:SYRG) stock climbed 3.44% to $9.03. SunTrust started coverage on shares of Synergy Resources Corp. (NASDAQ:SYRG) in a research report released on August 28. The firm issued a buy rating and a $11.00 price objective on the stock.
Additionally, the company on August 27 said it entered into a Purchase and Sale Agreement (Agreement) with an unnamed private party (Seller). Under the Agreement, Synergy will purchase 38 wells with a 27.5% working interest and 22% net revenue interest in 3,639 gross acres, 1,006 net acres of which 902 acres are located in the core of the Wattenberg Field. Synergy will be the operator of these wells.
Is SYRG A Good Buy After The Recent Price Movement? Find Out Here
American Equity Investment Life Holding (NYSE:AEL) shares jumped 2.67% to $20.01. The company on August 23 announced that it intends to commence exchange offers to purchase for cash and, in certain circumstances, newly issued shares of its common stock, any and all of its $200 million principal amount of outstanding 3.50% Convertible Senior Notes due 2015 and any and all of its $115,839,000 principal amount of outstanding 5.25% Contingent Convertible Senior Notes due 2029. These exchange offers are being made upon the terms and subject to the conditions set forth in the Company's Preliminary Prospectuses, dated August 23, 2013, and the related Letters of Transmittal.
How Should Investors Trade AEL After The Recent Volatility? Get Free Report Here
PAA Natural Gas Storage, L.P. (NYSE:PNG) shares jumped 0.18% to $22.68. The company on August 27 announced that the independent directors of the board of directors of PNG's general partner received a proposal from Plains All American Pipeline, L.P. (NYS: PAA) , whereby PAA would acquire all of PNG's outstanding publicly held common units through a unit-for-unit exchange.
PAA is proposing consideration of 0.435 common units of PAA for each issued and outstanding publicly held PNG common unit in a transaction that would be structured as a merger of PNG with a wholly owned subsidiary of PAA. The proposed consideration represents a value per PNG common unit of $22.74 based on the trailing 10-day average closing price of PAA's common units through August 26, 2013.
How Should Investors Trade PNG After The Recent Volatility? Get Free Report Here
Here at Winston 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. We focus on companies that we feel are trading at a discount to the market for various reasons. Enter your email and track our performance! We are sure you won’t be disappointed.
http://winstonsmallcap.com/and its owners, and their affiliates, directors and officers, and immediate family members, are hereafter collectively referred to as “WSC” or “we” or “us” or “our”). WSC publishes information (the “Information”) about publicly traded companies (the “Profiled Company” or the “Profiled Companies”) which has been obtained from various sources including publicly available sources on the internet. WSC does not undertake any due diligence or investigation of the Information it obtains or publishes.
Read Full Disclaimer at: http://winstonsmallcap.com/disclaimer
Copyright © 2005-2013 - SBWire, The Small Business Newswire - All Rights Reserved - Important Disclaimer
Contact Us: 888-4-SBWIRE (US) - 920-593-5640 (International)