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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Société Générale    GLE   FR0000130809

SOCIÉTÉ GÉNÉRALE

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Societe Generale : Red Mountain Capital Buys Yuma Energy Debt, Signs Letter of Intent for Restructuring

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09/10/2019 | 05:02pm EDT

By Josh Beckerman

Yuma Energy Inc. (YUMA), which said in May 2018 that it would explore strategic alternatives, said Red Mountain Capital Partners bought the company's senior secured bank debt and has signed a non-binding letter of intent for a potential restructuring agreement.

Red Mountain bought about $35 million of bank debt and related liabilities from Yuma's lending group, led by Societe Generale.

Yuma Energy shares rose 26% after hours to $2.31.

The oil and gas company said the move "is the first step toward strengthening our capital base, improving our liquidity and positioning the company to pursue growth opportunities."

The letter of intent calls for Red Mountain and Yuma to work toward a restructuring approved by Yuma's board by Sept. 30, and would include the exchange of senior secured debt for debt convertible into newly issued Yuma common stock.

Write to Josh Beckerman at josh.beckerman@wsj.com

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Financials (EUR)
Sales 2019 24 597 M
EBIT 2019 6 971 M
Net income 2019 3 140 M
Debt 2019 -
Yield 2019 8,44%
P/E ratio 2019 6,72x
P/E ratio 2020 6,16x
Capi. / Sales2019 0,87x
Capi. / Sales2020 0,87x
Capitalization 21 458 M
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Technical analysis trends SOCIÉTÉ GÉNÉRALE
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TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
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Mean consensus HOLD
Number of Analysts 22
Average target price 27,63  €
Last Close Price 25,26  €
Spread / Highest target 38,6%
Spread / Average Target 9,42%
Spread / Lowest Target -32,5%
EPS Revisions
Managers
NameTitle
Frédéric Oudéa Chief Executive Officer
Lorenzo Bini Smaghi Chairman
Philippe Amestoy Head-Operations & Transformation
William Kadouch-Chassaing Group Chief Financial Officer
Carlos Goncalves Head-Global Technology Services
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