Boston, MA 10/16/2014 (wallstreetpr) – Independent oil and natural gas firm SandRidge Energy Inc. (NYSE:SD) saw its share price jump up by a impressive 20.4 percent during 15th October trading after the company announced dividend payouts for its Semi-Annual Preferred Stock. The firm’s board of directors have approved payout of $3.5 per share to all preferred share holders on record as of November 1st. The payout will happen as of 15th November. SandRidge Energy Inc. (NYSE:SD) has issued nearly 3 million shares of preferred stock which attracts 7 percent Convertible interest component. The firm also announced yesterday that it would be reporting its 3Q14 results on November 5th. The stock was trading at $4.54 as of 15th October close.
Vringo, Inc. (NASDAQ:VRNG) shares recorded a huge 18 percent jump in its price during trading on 15th October. The jump was caused by update the firm provided about its legal challenge against search engine giant Google. The court case is being bought between I/P Engine, Inc. which is a fully owned subsidiary of Vringo, Inc. (NASDAQ:VRNG) and Google. In a press note issued yesterday, the firm noted that its subsidiary had filed a petition in front of the U.S. Court of Appeals for the Federal Circuit seeking it to “rehear en banc” its resubmitted case against the search engine giant. In august of 2014, the Federal Circuit court had given a split verdict about the case.
Goodrich Petroleum Corporation (NYSE:GDP) jumped up by 17 percent during trading on 15th October. The jump occurred a day after it announced the dates for its 3Q14 operational results release. The oil and gas exploration and production will be reporting results on 4th November. The stock was trading at $9.48 at close of yesterday’s trading close. The gains from yesterday reversed the severe losses the stock had accumulated over the past three days of trading.