Analysis

Penn West Petroleum Ltd (USA) (NYSE:PWE) shares were up 37.31% to $1.26 on Monday as the company managed to avoid default through the sale of properties in the Dodsland Viking area of Saskatchewan and Albertan properties. Prior to this, the company had reported total debt of $1.8 billion as of March...

Eagle Pharmaceuticals Inc (NASDAQ:EGRX) shares were up 27.80% to $53.00 on Friday after the company got wind of a favorable court ruling for its Treanda drug patent. A patent challenge was launched by competitors against this drug that could potentially wiped off significant market share from Eagle Pharmaceuticals. The court ruling validated...

Vanguard Natural Resources, LLC (NASDAQ:VNRAP) shares managed to chalk up an 18.21% gain to $3.57 on Wednesday but risks returning these wins after the company shared that its borrowing base was cut by 26%. This leaves the company with a $103.5 million borrowing base shortfall, although it does have enough...

Ultra Petroleum Corp. (OTCMKTS:UPLMQ) shares were up 21.60% on Wednesday to $1.52, leading to the creation of a double bottom reversal pattern on its daily chart. Price failed in its last two attempts to break below $0.25 and might be in for a test of the neckline at $1.50. Ultra...

Ashford Hospitality Prime Inc (NYSE:AHP) shares jumped 29.95% to $14.71 on Wednesday as the company received an unsolicited acquisition offer from Weisman Group, which made its intention public through an amended 13D SEC filing. Currently the Weisman Group and related parties own 5.42% of Ashford Hospitality Prime outstanding stock. Ashford Hospitality Prime...