Penn West Petroleum Ltd. (NYSE:PWE) is responding to the drop in oil prices with another cut to its dividend, which will drop to one cent per share for the first-quarter payment on April 15. The company also announced a $1.77 billion loss in the fourth quarter as well as a 24 per cent decline in revenue from a year earlier. On Wednesday shares of Penn West Petroleum Ltd. (NYSE:PWE) closed at $1.51. Company’s sales growth for last 5 years was -12.70% and EPS growth for next 5 years is recorded as 9.30%.
Zacks downgraded shares of Key Energy Services (NYSE:KEG) from a neutral rating to an underperform rating in a report issued on Friday. They currently have $1.90 target price on the stock . Key Energy Services Inc. (NYSE:KEG) in last trading activity advanced 10.83% to close at $1.74. Company weekly performance is -13.00% while its quarterly performance stands at 27.01%. Key Energy Services Inc. (NYSE:KEG) is -83.46% away from its 52 week high.
On March 9, Sky-mobi Limited (NASDAQ:MOBI) announced its unaudited financial results for the fourth quarter and nine-month period ended December 31, 2014. Total revenue increased by 77.7% to RMB204.7 million (US$33.0 million) from RMB115.2 million in the prior year period. Sky-mobi Limited (NASDAQ:MOBI) has institutional ownership stands at 9.70%. In last trading activity company’s stock closed at $3.95.
Medical device maker Zimmer Holdings, Inc. (NYSE:ZMH) said Wednesday it has agreed to sell $7.65 billion of debt in an underwritten public offering that will consist of seven tranches. The company expects to use proceeds from the debt offering to fund its $13.35 billion acquisition of Biomet Inc., a privately-held surgical and non-surgical products maker. On Wednesday shares of Zimmer Holdings, Inc. (NYSE:ZMH) closed at $116.23. Company’s sales growth for last 5 years was 2.70% and EPS growth for next 5 years is recorded as 6.88%.
Southwest Airlines Co. (NYSE:LUV) hosted Chase Rapid Rewards® Credit Cardmembers for a Rapid Rewards Access Event at The Ritz Carlton in Sarasota, Fla., where they had an up-close experience at Spring Training. Cardmembers bid or redeemed their Rewards Points for this opportunity to be treated to a meet and greet with Baltimore Orioles pitcher Kevin Gausman. Cardmembers also enjoyed lunch at the ballpark while they rooted for the Orioles in a game against the Philadelphia Phillies. Southwest Airlines Co. (NYSE:LUV) in last trading activity increased 2.10% to close at $43.84. Company weekly performance is -0.39% while its quarterly performance stands at 4.36%. Southwest Airlines Co. (NYSE:LUV) is -6.94% away from its 52 week high.