Six Flags Oklahoma City season-pass holders will participate in a limited opening June 5-7, with the park then opening to all customers.

Six Flags Entertainment Corporation, the world’s largest regional theme park company and the largest operator of waterparks in North America, today announced that Frontier City in Oklahoma City, Oklahoma, will reopen with limited capacity beginning June 5, 2020. In accordance with Governor Stitt’s Open Up and Recover Safely Plan (OURS), and following Mayor Holt’s recent proclamation allowing businesses to reopen, the park will begin operating at reduced attendance levels and will operate in a preview mode June 5-7 for Members and Season Pass Holders only. After a short initial reopening phase, the park will gradually increase attendance levels throughout the month. The park is implementing extensive new safety measures and hygiene protocols, including several new advanced technology systems to protect guests and employees.

Six Flags' (NYSE: SIX) shares dramatically outperformed the market last month, soaring 60% compared to a 13% increase in the S&P 500, according to data provided by S&P Global Market Intelligence. The rally only erased a portion of shareholders' recent paper losses, though, with declines weighing in at 55% so far in 2020. Investors became intensely pessimistic about the entertainment business following COVID-19 developments that forced closures of all of Six Flags' parks through most of the spring season.

Shares of Six Flags Entertainment Corp. were indicated up more than 3% in premarket trading Thursday, after the theme park operator reported a narrower-than-expected first-quarter loss as revenue fell less than forecast. Park attendance dropped 27% due to the coronavirus pandemic-related suspension of park operations, while total guest spending per capita increased 17% to $56.60. The net loss widened to $84.5 million, or $1.00 a share, from $69.1 million, or 82 cents a share, in the year-ago period. The FactSet consensus was for a loss of $1.04 a sahre. Revenue fell to $102.5 million from $128.2 million, but was above the FactSet consensus of $93.1 million. The Active Pass Base fell 10% as of March 31, as the pandemic led to fewer season pass and membership sales. The stock has tumbled 44.2% over the past three months through Wednesday, while the S&P 500 has declined 10.5%.

Q1 2020 Six Flags Entertainment Corp Earnings Call

(Bloomberg) -- Six Flags Entertainment Corp. will reopen its theme park in Oklahoma City on June 5, setting an array of safety protocols for one of the first such debuts in the U.S. since the start of the coronavirus pandemic.The Frontier City park will reopen with limited capacity and will feature thermal-imaging temperature checks, mandatory face masks and pervasive physical-distancing markers, the Grand Prairie, Texas-based company said in a statement Tuesday.Six Flags shares rose as much as 12% to $26.39 in New York trading. They were down 48% this year through Friday.The company didn’t specify the initial attendance limit but said it would be “well below the park’s theoretical capacity.” The first three days will be restricted to Six Flags members and season-pass holders, with visitor counts later gradually increasing through the month of June.“Frontier City, like all Six Flags parks, is an outdoor attraction that poses a significantly lower risk of exposure than indoor venues,” Six Flags Chief Executive Officer Mike Spanos said in the statement. “Because our parks cover dozens or even hundreds of acres, we can easily manage guest throughput to achieve proper social distancing.”Besides Six Flags, rival pure-play theme-park operators Cedar Fair LP and SeaWorld Entertainment Inc. have suffered big stock declines this year. Diversified entertainment giants with park operations, such as Walt Disney Co. and Universal Studios parent Comcast Corp., have fallen as well. Disney recently reopened a shopping area at one of its Orlando, Florida, attractions, and Universal presented Florida with a reopening plan last week.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

Ever since passengers started getting stranded in quarantine situations on cruise ships back in February due to the coronavirus outbreaks, it was clear the cruise ship industry would suffer a major blow. Cruise ships -- with their crowded living spaces, constant exposure to new lands and people, and limited medical facilities and supplies -- are nearly perfect breeding grounds for the highly contagious virus. Carnival (NYSE: CCL), Royal Caribbean (NYSE: RCL), and Norwegian Cruise Line Holdings (NYSE: NCLH) have been forced to halt cruises as a result of efforts to halt the pandemic following multiple outbreaks of COVID-19 aboard their ships.

KlaymanToskes ("KT"), www.klaymantoskes.com, announced today that it is investigating damages sustained by current and former employees and investors of Six Flags Entertainment (NYSE:SIX) ("Six Flags") who held large, unhedged concentrated positions in Six Flags stock and/or received margin calls resulting in the forced sale of stock. The recent losses were the result of unsuitable advice during the Coronavirus ("COVID-19") pandemic. The investigation focuses on full-service brokerage firms’ negligence and failure to supervise the management of concentrated, leveraged positions in Six Flags stock.

Guests will notice changes in the ticketing and park experiences while the COVID-19 threat persists.

Tigers, giraffes, rhinoceroses, baboons, and many other exotic beasts will soon be available for people cooped up for weeks by coronavirus to view at the Great Adventure animal park in New Jersey, Six Flags (NYSE: SIX) announced in a press release today. The amusement park company will open the gates to its 350-acre animal exhibit on Saturday, May 30, requiring visitors to book advance reservations in order to access the attraction. Six Flags and other theme park operators have sustained a heavy financial blow from the COVID-19 pandemic.

New Jersey is slowly opening back up for business -- and as it turns out, that's good news for Six Flags Entertainment Corporation (NYSE: SIX). On Wednesday, New Jersey Governor Phil Murphy announced that "drive-thru and drive-in events" can reopen for business immediately -- so long as vehicles either keep their windows closed, or maintain at least six feet of distance from one another. This is good news for Six Flags because, as luck would have it, the amusement park company happens to have just such a drive-thru experience handy in New Jersey -- its "Safari Adventure," through which customers can drive in their cars and view "more than 1,200 exotic animals" at Six Flags Great Adventure park.

The COVID-19 threat hasn't gone away, and that means big changes are coming to the theme park experience.

Six Flags Entertainment Corporation, (SIX) the largest regional theme park company worldwide and the largest waterpark operator in North America, announced yesterday that Frontier City in Oklahoma City, Oklahoma, will reopen on a limited basis on June 5, 2020. The stock jumped by almost 10% on the news. In accordance with Governor Stitt’s Open Up and Recover Safely Plan (OURS), the park will operate in a preview mode June 5-7 for members and season pass holders only, and then increase attendance levels throughout the month.“Frontier City, like all Six Flags parks, is an outdoor attraction that poses a significantly lower risk of exposure than indoor venues. Our guests are not confined to one space for lengthy periods. Guests move constantly throughout their experience; some are riding rides, some are eating in restaurants, while others are shopping in our souvenir stores, or playing games," said Six Flags President and CEO Mike Spanos.Spanos also noted that because the parks cover dozens or even hundreds of acres, they can manage guest throughput in order to achieve social distancing.The announcement noted that all Six Flags parks will employ an online reservation system to manage attendance, schedule guests for entry by day, and stagger arrival times to minimize proximity exposure. Other new technologies include state-of-the-art thermal imaging for temperature checks, advanced security screening technology for touchless bag checks, and expanded mobile food ordering.Six Flags also announced that any guest without a mask will be able to purchase one at the front gate, and social distancing and sanitization protocols will be enforced.Six Flags stock has fallen on hard times, falling from a high of $58 in late 2019 to $26 today. Analyst Tim Conder of Wells Fargo recently put a $17 price target on the stock, noting that among surveyed guests, only "80% would come in 2020 if appropriate protective measures are adequately implemented." He also noted that he expected the second half of 2020 revenues to be ~35% of 2019's levels, and for revenue to fully recover to 2019 levels only in 2022.Overall, analysts have a Moderate Buy consensus on the stock, with a price target of $19.75. This represents 24% downside from current level. (See Six Flags stock analysis on TipRanks).Related News: GM Delays Some Production Shifts At 3 U.S. Truck Plants – Report Uncertainty Remains Even After Aurora’s U.S. Market Debut, Says Analyst Uber In Partnership With MoneyGram For Driver Discount During Pandemic More recent articles from Smarter Analyst: * Logitech Shares Lifted In Pre-Market On Share Buyback Plan, 10% Dividend Boost * Billionaire Ackman Exits Berkshire Hathaway, Blackstone To Fund Opportunities * HBO Max Launches, But Not Yet Available on Amazon, Roku Platforms * Apple Snaps Up AI Startup Inductiv, As Analysts Boost PTs On Store Reopenings

Image source: The Motley Fool. Six Flags Entertainment Corp (NYSE: SIX)Q1 2020 Earnings CallApr 30, 2020, 9:00 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGood morning, ladies and gentlemen.

Six Flags Entertainment Corporation, the world’s largest regional theme park company, and the largest operator of waterparks in North America, today announced the launch of an innovative, new guest reservation system. The user-friendly process will allow parks to manage daily attendance levels and avoid overcrowding in accordance with Centers for Disease Control recommendations on social distancing.

Six Flags Entertainment (NYSE: SIX) stock has been on quite a roller coaster ride since late February, falling from around $40 per share to just $10 before recovering partially to $23 as of this writing. Let's see what drove the the stock's freefall earlier this year and determine if Six Flags actually makes for a wise investment. Six Flag stakes its claim as the world's largest regional theme park operator and North America's largest water park operator based on number of parks.

Six Flags (SIX) delivered earnings and revenue surprises of 9.91% and 4.37%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

The global case tally from the coronavirus that causes COVID-19 climbed above 5.5 million on Tuesday, as the World Health Organization warned of the possibility of an immediate “second peak” in infections from the current wave, if countries and local governments ease measures to contain the spread too soon.

Shares of Six Flags Entertainment (NYSE:SIX) rose 3% in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share decreased 21.95% over the past year to ($1.00), which beat the estimate of ($1.08).Revenue of $102,503,000 less by 20.04% from the same period last year, which beat the estimate of $85,780,000.Outlook Six Flags Entertainment hasn't issued any earnings guidance for the time being.Revenue guidance hasn't been issued by the company for now.Details Of The Call Date: Apr 30, 2020View more earnings on SIXTime: 01:01 PM ETWebcast URL: https://78449.choruscall.com/dataconf/productusers/sixflags/mediaframe/37708/indexr.htmlTechnicals 52-week high: $59.52Company's 52-week low was at $8.75Price action over last quarter: down 31.05%Company Profile Six Flags Entertainment Corp owns and operates theme parks worldwide. It operates around 25 theme parks and waterparks, 22 are located in the United States, two are located in Mexico and one is located in Montreal, Canada. The parks generally offer various rides, water attractions, themed areas, concerts, restaurants, game venues, and merchandise outlets. The company's parks have an aggregate annual attendance of 46.5 million.See more from Benzinga * 16 Consumer Cyclical Stocks Moving In Tuesday's Pre-Market Session(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Optimism for a COVID-19 vaccine helps, but early outcomes of reopening efforts by Disney and Universal may matter a lot more.