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McMoRan Exploration Co. (MMR)

- NYSE
MMR is defunct.
  • Oct. 19, 2012, 12:58 PM
    McMoRan Exploration (MMR -5.1%) swoons after its bigger-than-expected Q3 loss, hurt by a jump in exploration costs and a production drop from Hurricane Isaac. Production fell 28% to 134MMcfe/day vs. 135 expected. Operations to clear the well bore at the Davy Jones No. 1 well were pushed back again; flow tests have been delayed for more than a year due to technical problems.
    | 2 Comments
  • Oct. 19, 2012, 8:04 AM
    McMoRan Exploration (MMR): Q3 EPS of -$0.40 misses by $0.27. Revenue of $91.8M (-33% Y/Y) beats by $7M. (PR)
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  • Oct. 19, 2012, 12:05 AM
    Notable earnings before Friday’s open: APD, BHI, BPOP, CALL, CBE, FHN, FNFG, GE, HON, IR, KSU, MCD, MMR, PH, SHAW, SLB, TCB
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  • Oct. 18, 2012, 5:30 PM
    Notable earnings before Friday’s open: APD, BHI, BPOP, CALL, CBE, FHN, FNFG, GE, HON, IR, KSU, MCD, MMR, PH, SHAW, SLB, TCB
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  • Oct. 17, 2012, 12:05 AM
    Notable earnings before Wednesday’s open: ABT, ASML, BAC, BK, BLK, CHKP, CMA, DGX, DOV, HAL, KCG, MMR, MTB, PEP, STJ, STP, SWK, TXT, USB
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  • Oct. 16, 2012, 5:30 PM
    Notable earnings before Wednesday’s open: ABT, ASML, BAC, BK, BLK, CHKP, CMA, DGX, DOV, HAL, KCG, MMR, MTB, PEP, STJ, STP, SWK, TXT, USB
    | 3 Comments
  • Oct. 12, 2012, 2:31 PM
    McMoRan Exploration (MMR +4.8%) shares are strong today on no apparent news; MMR declared quarterly cash dividends on its preferred stocks, but the common shares had surged well before the announcement.
    | 4 Comments
  • Aug. 14, 2012, 4:49 PM
    Also cutting exposure to the big banks is Leon Cooperman's Omega Advisors. By the end of Q2, the fund exited BAC, and slashed two-thirds of its JPM stake. Already a fan of energy, Cooperman added a stake in red-hot McMoRan Exploration (MMR). (13-F)
    | 3 Comments
  • Jul. 31, 2012, 9:10 AM
    Premarket gainers: AH +32%. CRUS +21%. CIE +16%. LQDT +14%. KLIC +13%. ATPG +12%. ZLCS +9%. HLF +7%. VLO +6%. NOK +6%.
    Losers: RLD -25%. COH -16%. DNDN -15%. HUM -10%. STX -8%. OCZ -8%. TWGP -7%. AMRN -5%. MMR -5%.
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  • Jul. 31, 2012, 8:37 AM
    McMoRan Exploration (MMR) will delay a flow test previously scheduled for this week at its Davy Jones No. 1 well until a later date sometime in August, saying a seal assembly located at ~16,400 ft. needs to be replaced. Shares -6.1% premarket.
    | 1 Comment
  • Jul. 17, 2012, 2:16 PM
    McMoRan Exploration (MMR +8.8%) shares surge despite a widening Q2 loss Y/Y, as it expresses optimism about drilling activity in the shallow waters of the Gulf of Mexico. MMR expects to conduct a measurable flow test on the first Davy Jones well during the week of July 30, with commercial production shortly thereafter. MMR has invested nearly $1B in the ultradeep Davy Jones field.
    | 1 Comment
  • Jul. 17, 2012, 8:10 AM
    McMoRan Exploration (MMR): Q2 EPS of -$0.47 misses by $0.36. Revenue of $90.3M (-43% Y/Y) misses by $6M. (PR)
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  • Jul. 17, 2012, 12:05 AM
    Notable earnings before Tuesday's open: AMTD, CMA, EDU, FRX, GS, HST, JNJ, KO, KSU,MAT, MMR, MOS, MTB, OMC, SCHW, STT
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  • Jul. 16, 2012, 5:30 PM
    Notable earnings before Tuesday's open: AMTD, CMA, EDU, FRX, GS, HIST, JNJ, KO, KSU,MAT, MMR, MOS, MTB, OMC, SCHW, STT
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  • Jul. 10, 2012, 2:14 PM
    McMoran Exploration (MMR -9.9%) posts a bigger loss than sector rivals after tripping up on technical selling indicators. Volume has been picking up on the name over the last few weeks, as chatter on the success of the company's projects keeps going back and forth.
    | 7 Comments
  • Jun. 21, 2012, 4:23 PM
    McMoRan Exploration (MMR) says it expects to see approximately a $56M charge in its June quarter due to the expiration of its Boudin lease at Eugene Island Block 26. The company had requested a lease extension from the Department of the Interior to provide it with additional time to assess potential alternatives for a completion, but it was denied. Shares -4% AH.
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Company Description
We engage in the exploration, development and production of oil and natural gas offshore in the Gulf of Mexico and onshore in the Gulf Coast area. We have one of the largest acreage positions in the shallow waters of these areas, which are our regions of focus. Our focused strategy enables us to... More