Active Movers: Oasis Petroleum Inc. (NYSE:OAS), BB&T Corporation (NYSE:BBT), BorgWarner Inc. (NYSE:BWA)

On Thursday, Shares of Oasis Petroleum Inc. (NYSE:OAS), subtract -1.84% and closed at $11.20 in the last trading session. The last trading range of the stock ranges between $10.95 and $11.36. Oasis Petroleum Inc., an independent exploration and production company, focuses on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin. Its principal projects are located in West Williston and East Nesson. As of December 31, 2015, the company had 484,745 net leasehold acres in the Williston Basin; and about 218.2 million barrels of oil equivalent of estimated net proved reserves. Oasis Petroleum Inc. sells its oil and natural gas to refiners, marketers, and other purchasers that have access to pipeline and rail facilities.

BB&T Corporation (NYSE:BBT), dropped -2.17% and closed at $37.87 in the last trading session. The last trading range of the stock ranges between $37.54 and $38.34. The company’s Market capitalization is $30.81 Billion with the total outstanding Shares of 814.50 million. BB&T Corporation (BBT) recently declared it is contributing $1 million to the relief effort related to destruction and damage caused by Hurricane Matthew. BB&T is also delivering several truckloads of bottled water and cleaning supplies to affected communities in Central and Eastern North Carolina counting Fayetteville, Goldsboro, Greenville, Lumberton, and Wilson.

“We’re grateful our associates are safe and accounted for. But we also understand the need is still great in so many of the communities we serve,” said Chairman and Chief Executive Officer Kelly S. King. “Our thoughts and prayers are with all who are struggling to recover from Hurricane Matthew and we are hopeful this donation will assist them get back on their feet soon.”

To assist clients in their time of need, BB&T is diligently working to provide ATM service in affected areas. Clients who may have incurred storm-related overdraft, returned item, negative account balance or late loan payment fees are encouraged to visit one of our financial centers or contact BB&T at 800-BANK-BBT (800-226-5228) for assistance.

BorgWarner Inc. (NYSE:BWA), dropped -2.98% and closed at $34.54 in the last trading session. The last trading range of the stock ranges between $34.46 and $35.19. During the 52-week trading session the minimum price at which share price traded, registered at $27.52 and reached to max level of $48.64. BorgWarner supplies the first combination of its variable cam timing (VCT) technologies, counting its patented cam torque actuated (CTA) phasers with mid-position lock and integrated center bolt, for Hyundai’s improved Lambda II V-6 engines. The 3.0- to 3.8-liter gasoline engines debuted in the 2016 Hyundai Genesis EQ900, G90, G80 and Aslan in addition to the Kia K7. Featuring an integrated center bolt for easy assembly, BorgWarner’s CTA phasers with mid-position lock respond faster than traditional VCT systems, enabling engine designers to employ new calibration strategies that contribute to the engine’s 1.7 percent increase in fuel economy.

“No other supplier offers this combination of high-performance VCT technologies. As more automakers recognize the ease of integration and opportunities in engine calibration, we expect demand to escalate,” said Joe Fadool, President and General Manager, BorgWarner Morse Systems. “We are happy to launch the first combination of our most recent VCT technologies on Hyundai’s improved Lambda II engine, together with localized manufacturing and engineering support.”

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