Oklahoma City-based Seventy Seven Energy Inc. will release its 2015 full year and fourth quarter operational and financial results before the market opens on Wednesday, Feb. 17.
A conference call will also be held to discuss the results later that day at 3 p.m. CST. It was last month when the company received a delisting notice from the New York Stock Exchange as the company’s share price had been less than $1 throughout December and January.
Spun off from Chesapeake Energy Corporation in 2014, the company’s debt was also downgraded in January by Moody’s Investors Service. Company leaders said the delisting notice did not affect their business operations. Seventy Seven also had hired Lazard Freres and Co. LLC to advise management and the board of directors about improving the capital structure.
