Sanchez, Hornbeck notes rise despite posting Q3 losses; Bed Bath & Beyond leads retail

By James McCandless

San Antonio, Nov. 1 – Energy remained the focus of distressed trading Thursday as more names put out third-quarter earnings.

Sanchez Energy Corp.’s notes rose Thursday despite reporting mixed results in its third-quarter earnings.

Hornbeck Offshore Services, Inc.’s issues also rose after reporting a profit loss but outpacing revenue estimates.

Elsewhere, sector peer Weatherford International plc’s paper saw a decline.

Meanwhile, Hi-Crush Partners LP’s notes continued to trade down in the wake of its own disappointing earnings report.

McDermott International, Inc.’s issues has been struggling after reporting earnings below estimates late Tuesday.

In the retail space, Bed Bath & Beyond Inc.’s paper improved, continuing to trend higher after hitting a year-low last week.

PetSmart, Inc.’s and J.C. Penney Co., Inc.’s issues also trended positive.

Intelsat SA’s notes were heavily traded with mixed results.

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