Yuma Energy, Inc. (YUMA) News

Yuma Energy, Inc. (YUMA): $1.55

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Industry: Energy - Oil & Gas




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Latest YUMA News From Around the Web

Below are the latest news stories about Yuma Energy Inc that investors may wish to consider to help them evaluate YUMA as an investment opportunity.

Yuma Energy, Inc. Files for Chapter 11 Protection

Yuma Energy, Inc. (NYSE American: YUMA) ("Yuma", "Company", "we" or "our"), together with its subsidiaries Yuma Exploration and Production Company, Inc., Davis Petroleum Corp., and The Yuma Companies, Inc. (collectively, the Company and the filing subsidiaries, the "Debtors"), announced today that they have filed voluntary Chapter 11 petitions for relief under the United States Bankruptcy Code in the U.S. Bankruptcy Court for the Northern District of Texas (the "Bankruptcy Court"). During the first quarter of 2020, Yuma's cash position deteriorated, and its cash flow from operations is no longer sufficient to cover its operating costs. The Company plans to continue to operate its business in the normal course during the cou...

Yahoo | April 16, 2020

Yuma Energy, Inc. Receives Notice of Acceleration Under Credit Agreement And Termination of Restructuring Agreement

Yuma Energy, Inc. (NYSE American: YUMA) ("Yuma", "Company", "we" or "our") announced today that it has been notified by its lender, YE Investment LLC, ("YE" or the "Lender"), an affiliate of Red Mountain Capital LLC.("Red Mountain"), that all outstanding payments under its existing Credit Agreement are currently due and that its Restructuring Agreement with Red Mountain has been terminated.

Yahoo | April 7, 2020

Yuma Energy, Inc. Provides an Update on its Financial Status

Yuma Energy, Inc. (NYSE American: YUMA) ("Yuma", "Company", "we" or "our") today provided an update on the Company's financial status and ability to restructure its liabilities and capital structure. As previously disclosed, in September 2019, YE Investment, LLC, an affiliate of Red Mountain Capital Partners, LLC ("Red Mountain"), purchased all of the Company's outstanding senior secured bank indebtedness and related liabilities under the Company's senior credit facility (the "Credit Facility"). The Credit Facility was then modified to reduce the outstanding principal balance from approximately $32.8 million, plus accrued and unpaid interest and expenses, to approximately $1.4 million (the "Modified Note")...

Yahoo | March 20, 2020

Benzinga Pro's Top 5 Stocks To Watch For Fri., Jan. 3, 2020: TSLA, AAPL, YUMA, AXE, CMG

Benzinga Pro's Stocks To Watch For Friday Tesla (TSLA) - The company reported Q4 production of almost 105,000 units and deliveries of about 112,000 vehicles. Model 3 production made up nearly 87,000 units ...

Yahoo | January 3, 2020

Yuma Energy, Inc. Progresses Restructuring Process with Amended and Restated Credit Facility

Yuma Energy, Inc. (NYSE American: YUMA) ("Yuma" or "Company," "we" or "our") today announced that the Company and certain of its subsidiaries have entered into an amended and restated Credit Agreement ("Credit Agreement") with its lender, YE Investments LLC, an affiliate of Red Mountain Capital Partners, LLC. ("Red Mountain"). The Credit Agreement provides for an additional three-year senior secured delayed-draw term loan of up to $2.0 million with a maturity date of September 30, 2022 and was entered into in conjunction with the Restructuring and Exchange Agreement dated September 30, 2019, by and among Yuma, Red Mountain and certain of their affiliates (the "Restructuring Agreement"). The latest agreement provides c...

Yahoo | December 2, 2019

Yuma Energy, Inc. Announces 2019 Third Quarter Financial Results

Yuma Energy, Inc. (NYSE American: YUMA) ("Yuma" or "Company," "we" or "our") today announced its financial results for the third quarter ended September 30, 2019.

Yahoo | November 14, 2019

Yuma Energy's stock soars after Red Mountain buys up senior secured debt

Shares of Yuma Energy Inc. soared 79% in active premarket trading Wednesday, after the oil and natural-gas exploration and production company said investment…

MarketWatch | September 11, 2019

Yuma Energy's stock rockets off 40-year low after reporting results, providing corporate update

Shares of Yuma Energy Inc. rocketed nearly five-fold (up 366%) in very active afternoon trading Monday to bounce off a 40-year low, after the troubled…

MarketWatch | August 19, 2019

Yuma Energy, Inc. Announces Reverse Stock Split

HOUSTON, June 21, 2019 /PRNewswire/ -- Yuma Energy, Inc. (NYSE American: YUMA) ("Yuma," the "Company," "we" or "our") today announced that its Board of Directors has approved a one-for-fifteen reverse stock split of its issued and outstanding shares of common stock. The reverse split will be effective at 12:01 a.m. Eastern Time on July 3, 2019, and shares of the Company's common stock will begin trading on a split-adjusted basis when the NYSE American market opens on that date.

Yahoo | June 21, 2019

YUMA: Yuma Energy, Inc. - Detailed Estimates - Zacks.com

YUMA: Yuma Energy, Inc. Detailed Estimate. Get the latest Detailed Estimate from Zacks Investment Research.

Zacks Investment Research | April 13, 2019

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