Seventy Seven Energy Inc (SSE) reported quarterly earnings results on Monday, Apr-25-2016. The company reported $-1.01 earnings per share for the quarter, missing the analyst consensus estimate by $-0.17. Analysts had a consensus of $-0.84. The company posted revenue of $155.40 million in the period, compared to analysts expectations of $160.26 million. The company’s revenue was down -63.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.45 EPS.
Seventy Seven Energy Inc opened for trading at $0.2498 and hit $0.25 on the upside on Friday, eventually ending the session at $0.24, with a gain of 0.04% or 0.0001 points. The heightened volatility saw the trading volume jump to 11,79,146 shares. Company has a market cap of $14 M.
In a different news, on Nov 3, 2015, Marran H. Ogilvie (director) purchased 44,700 shares at $1.25 per share price. According to the SEC, on Aug 27, 2015, James Minmier (officer ) purchased 20,000 shares at $2.04 per share price. On Mar 11, 2015, William Stanger (officer ) purchased 8,000 shares at $3.98 per share price, according to the Form-4 filing with the securities and exchange commission.
Seventy Seven Energy Inc. is a diversified oilfield services company. The Company provides well site services and equipment to the United States land-based exploration and production (E&P) customers operating in unconventional resource plays. It offers services including drilling hydraulic fracturing oilfield rentals and fluid handling and disposal. The Company conducts its business through operating segments which include Drilling Hydraulic Fracturing Oilfield Rentals and Oilfield Trucking. The Company’s Drilling segment provides land drilling and drilling-related services including directional drilling for oil and natural gas exploration and development activities. Its Hydraulic Fracturing segment provides hydraulic fracturing and other well stimulation services. Its Oilfield Rentals segment provides rental tools for land-based oil and natural gas drilling completion and work-over activities. Its Oilfield Trucking segment provides water transport and disposal services.