Dw Partners Lp buys $334,000 stake in Seventy Seven Energy Inc (SSE)

Seventy Seven Energy Inc (SSE) : Dw Partners Lp scooped up 1,372,554 additional shares in Seventy Seven Energy Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 2,000,000 shares of Seventy Seven Energy Inc which is valued at $334,000.Seventy Seven Energy Inc makes up approximately 0.63% of Dw Partners Lp’s portfolio.

Other Hedge Funds, Including , Lucus Advisors sold out all of its stake in SSE during the most recent quarter. The investment firm sold 96,150 shares of SSE which is valued $16,057. Omers Administration Corp added SSE to its portfolio by purchasing 60,400 company shares during the most recent quarter which is valued at $10,087.Focused Wealth Management Inc reduced its stake in SSE by selling 14 shares or 53.85% in the most recent quarter. The Hedge Fund company now holds 12 shares of SSE which is valued at $2. Farmers Merchants Investments Inc sold out all of its stake in SSE during the most recent quarter. The investment firm sold 6 shares of SSE which is valued $1.

On the company’s financial health, Seventy Seven Energy Inc reported $-1.01 EPS for the quarter, missing the analyst consensus estimate by $ -0.17 based on the information available during the earnings call on Apr 25, 2016. Analyst had a consensus of $-0.84. The company had revenue of $155.40 million for the quarter, 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. 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.

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