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Tag Archives: NYSE

UMH Properties celebrates 50 years on New York Stock Exchange

UMH, NYSE, 50th Anniversary

When considering a new home, especially one that’s both affordable and offers a variety of great features, many people have turned to UMH Properties, Inc. (NYSE:UMH) to realize their dreams of home ownership. That’s why it’s no surprise that the company, who specializes in manufactured homes and communities in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana and Michigan celebrated ...

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US stocks open higher as oil rebounds, banks rise

U.S. stocks opened higher, seeking their first gain this week, as beaten-down energy and financial companies rebounded. Banks rose Friday after Deutsche Bank offered to buy more than $5 billion in bonds. Its shares were up 9 percent. JP Morgan Chase was up 5 percent. Oil jumped 6 percent, helping to lift energy company shares. Drilling company Transocean was up ...

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Marathon’s earnings up, miss estimate

Marathon oil

FINDLAY — Aided by lower crude oil prices and growth in its Speedway retail chain, Marathon Petroleum Corp. said Thursday that its earnings rose 41 percent in the third quarter. The Findlay-based refining and marketing company reported profits of $948 million, or $1.76 a share, in the quarter which compared with $672 million, or $1.18 a share, for the same ...

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Denbury Resources suspends dividend

economy

Sept 21 (Reuters) – Oil and natural gas producer Denbury Resources Inc said it would suspend dividend payments from the fourth quarter, hurt by a slump in crude oil prices. The company said it expected to save about $88 million annually, which it intended to use for cutting debt, increasing capital spending or buying back shares. “Although our oil commodity ...

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American Eagle Energy suspends drilling operations amidst falling oil prices

The recent fall in oil prices has claimed yet another victim, for now. American Eagle Energy, based out of Littleton, Colorado, has announced that the company is suspending its drilling operations and likely won’t resume until oil prices improve, according to the Wall Street Journal. American Eagle Energy provides exploration and productive long-term reserves from some of North America’s most ...

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Forest Oil, Sabine merger a done deal

Denver-based Forest Oil Corp. and Sabine Oil & Gas LLC of Houston have officially announced the finalization of their merger, according to the Denver Business Journal. The announcement was made on Tuesday. The combined company will now be called Sabine Oil & Gas Corp. The merger was first approved by Forest Oil Corp. shareholders at a meeting last month. Sabine ...

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Energy leads S&P 500 drop as oil prices ease

Caroline Valetkevitch | Reuters NEW YORK – Energy shares led declines on the benchmark S&P 500 index for a second session this week, as crude oil prices eased. The S&P 500 energy index fell 1.1 percent on Wednesday, with shares of Chevron shedding 1.4 percent and shares of Exxon Mobil dropping 1.2 percent – the biggest drags on the S&P ...

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Oil falls to near $98 as demand crimped

graph

The price of oil extended losses Friday as seasonal maintenance of refineries crimps U.S. demand and a stronger dollar makes the commodity more expensive. Benchmark U.S. crude for May delivery was down 58 cents at $98.32 a barrel at 0610 GMT in electronic trading on the New York Mercantile Exchange. The contract dropped 27 cents to settle Thursday at $98.90. ...

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