Shares of ATP Oil & Gas Corporation (NASDAQ:ATPG) took a steep hit after it reported a newly named Chief Executive Officer is previously leaving as the corporation could not seal an employment deal with him.
ATP Oil & Gas reported on June 1 that Matt McCarroll substituted Paul Bulmahn as chief of the corporation. ATP on late Thursday reported that McCarroll had already quitted due to the employment deal divide.
McCarroll also overturned a purchase of 1 million shares linked with his appointment. McCarroll was founder and Chief Executive Officer of Dynamic Offshore Resources previous to his brief spell at ATP Oil & Gas.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Energy Partners, Ltd. (NYSE:EPL) increased +1.24% to settle at $16.29, Stone Energy Corporation (NYSE:SGY) moved up +0.21% to end at $23.69 while Contango Oil & Gas Company (NYSEAMEX:MCF) plunged -0.06% to finish on Friday at $54.41.
ATP Oil & Gas Corporation (NASDAQ:ATPG) last session volume of 5.58 million shares was surprisingly higher than its average volume of 1.55 million shares. The stock after opening at $5.19 hit high price of $5.39 and then closed at $5.31 by scoring -9.08%.
The liquidity measure in recent quarter results of the company was recorded 0.56 as current ratio and on the other side the debt to equity ratio was 58.58 and long-term debt to equity ratio also remained 57.58. The Company had total cash at hand $224.74 million and a book value per share as -$4.95 in the most recent quarter.
The stock price volatility was 7.98% for a week and 8.37% for a month as well as price volatility’s Average True Range for 14 days was 0.48 and its beta remained 2.85.
ATPG generated revenue of 667.32 million in the following twelve months and earned -$236.01 million. The Company showed a negative -27.51% in the net profit margin and as well as in its operating margin which remained 21.58%. Company’s annual sales growth for the past five year was 10.36%.
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