Stock Runners: Penn West Petroleum Ltd. (NYSE:PWE), Bankrate, Inc. (NYSE:RATE), Essex Property Trust Inc. (NYSE:ESS), Lakeland Financial Corp. (NASDAQ:LKFN)

On 30 July, Penn West Petroleum Ltd. (NYSE:PWE) said that, it cut its 2015 capital budget for the second time as it looks to contain costs amid a steep fall in crude oil prices. Penn West Petroleum Ltd. (NYSE:PWE) belongs to Basic Materials sector. Its weekly performance is -12.21%. On last trading day company shares ended up $1.15. Penn West Petroleum Ltd. (NYSE:PWE) distance from 50-day simple moving average (SMA50) is -30.56%.

Bankrate, Inc. (NYSE:RATE) reported second-quarter net earnings of $0.3 million or $0.00 per share compared with a loss of $2.2 million or $0.02 per share last year. Bankrate, Inc. (NYSE:RATE) shares moved up 13.27% in last trading session and ended the day at $10.16. RATE Gross Margin is 41.40% and its return on assets is 1.30%. Bankrate, Inc. (NYSE:RATE) quarterly performance is -15.47%.

RBC Capital restated their outperform rating on shares of Essex Property Trust Inc. (NYSE:ESS) in a research note published on Tuesday. RBC Capital currently has a $256.00 price objective on the real estate investment trust’s stock, up from their previous price objective of $250.00. On 05 August, Essex Property Trust Inc. (NYSE:ESS) shares fell -0.40% and was closed at $224.42. ESS EPS growth in last 5 year was -3.10%. Essex Property Trust Inc. (NYSE:ESS) year to date (YTD) performance is 10.04%.

On 24 July, Lakeland Financial Corp. (NASDAQ:LKFN) reported net income of $22.5 million for the six months ended June 30, 2015 versus $21.2 million for the comparable period of 2014, an increase of 6%. Diluted net income per common share also increased 6% to $1.34 for the six months ended June 30, 2015 versus $1.27 for the comparable period of 2014.Lakeland Financial Corp. (NASDAQ:LKFN) shares moved up 1.11% in last trading session and ended the day at $42.95. LKFN return on assets is 1.30%. Lakeland Financial Corp. (NASDAQ:LKFN) quarterly performance is 9.48%.

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