Hi-Crush notes down in aftermath of earnings report; Jupiter Resources lower

By James McCandless

San Antonio, Oct. 31 – The distressed space tilted further towards energy in Wednesday’s session amid declines in news-driven names.

Hi-Crush Partners LP’s notes were under pressure Wednesday as the company faces market scrutiny over its recent third-quarter earnings report.

Meanwhile, Jupiter Resources Inc.’s issues moved lower after the company announced a recapitalization transaction.

Elsewhere in the energy space, Weatherford International plc’s paper improved after two days of declines in the wake of its dismal third-quarter report.

Ensco plc’s paper was mixed after the company and Rowan Cos., which it is set to acquire, posted earnings losses this week.

Sanchez Energy Corp.’s notes continued to take a beating as California Resources Corp.’s issues improved.

In telecom, Intelsat SA’s notes were mixed a day after the company reported a loss in its third-quarter earnings. Frontier Communications Corp.’s issues saw gains.

Diebold Nixdorf, Inc.’s paper saw a boost after topping revenue estimates in its third-quarter report posted Wednesday.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.