Boston, MA -- (SBWIRE) -- 09/04/2013 -- 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: (Magnum Hunter Resources Corp (NYSE:MHR), Hovnanian Enterprises, Inc. (NYSE:HOV), Hercules Offshore, Inc.(NASDAQ:HERO), Key Energy Services, Inc. (NYSE:KEG)
Magnum Hunter Resources Corp (NYSE:MHR) shares increased 4.09% and closed at $4.84. The company on August 26 announced that its Board of Directors has declared a dividend in the form of warrants to purchase shares of the Company's common stock at $8.50 per share. The warrants will be issued on October 15, 2013 to shareholders of record on September 16, 2013. Each shareholder of the Company's common stock will receive one warrant for every ten shares owned as of the record date.
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Hovnanian Enterprises, Inc. (NYSE:HOV) stock decreased 0.78% to $5.11. The company will begin trading ex-dividend on August 12, 2013. A cash dividend payment of $0.453125 per share is scheduled to be paid on August 15, 2013. Shareholders who purchased HOV stock prior to the ex-dividend date are eligible for the cash dividend payment.
Additionally, the company will release its third quarter results for the period ended July 31, 2013 in the morning of Monday, September 9, 2013. The Company will webcast its third quarter earnings conference call at 11:00 a.m. (ET) on Monday, September 9, 2013.
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Hercules Offshore, Inc.(NASDAQ:HERO) shares climbed 0.97% to $7.27. The company will present at the Pareto Oil and Offshore Conference 2013 in Oslo, Norway, on Wednesday, September 4, 2013, at 1:30 p.m. Central European Summer Time (7:30 a.m.EDT).
Additionally, the company, on Sept. 3, announced that it has signed a contract with Cairn India Limited for use of the Hercules Triumph (formerly Discovery Triumph) in the Indian Ocean. Total contract value is approximately $36.6 million, which includes approximately $13 million of mobilization and demobilization fees, to be earned over an estimated 110 days. Contract commencement is expected in late October 2013.
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Key Energy Services, Inc. (NYSE:KEG) shares increased 6% to $7.07. Equities researchers at Howard Weil dropped their price target on shares of KEG from $11.00 to $10.00 in a research report issued on August 29. The firm currently has a “sector perform” rating on the stock.
Additionally, the company issued its quarterly earnings data on July 25. The company reported $0.01 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.01. The company had revenue of $411.40 million for the quarter, compared to the consensus estimate of $421.24 million.
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