Community Health notes gain after earnings release; Ensco, Rowan issues mixed

By James McCandless

San Antonio, Feb. 21 – The Thursday session saw more focus on earnings releases and other news-driven names in the distressed debt realm.

Community Health Systems, Inc.’s notes gained after the company reported higher revenues in its Q4 earnings.

In energy, Ensco plc and Rowan Cos. plc’s paper traded in opposite directions after shareholders for both companies voted to approve a merger.

Oil futures saw a slight dip, which served as a backdrop for California Resources Corp.’s rising notes and Weatherford International plc’s falling issues.

Auto parts name Delphi Technologies plc’s paper saw a boost after reporting strong earnings.

Meanwhile in telecom, Intelsat SA’s notes slipped off of recent gains after Wednesday’s earnings release.

Sector peer Windstream Holdings, Inc.’s and former subsidiary Uniti Group Inc.’s issues fell in the continuing aftermath of an adverse legal result.

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