3 Stocks To Watch: Ocwen Financial Corp(OCN), Laredo Petroleum Inc(LPI) and Veolia Environnement VE SA (VEOEY)
New York, NY – GDP INSIDER – 01/26/2015.
This article discusses three companies: Ocwen Financial Corp(NYSE:OCN), Laredo Petroleum Inc(NYSE:LPI) and Veolia Environnement VE SA (ADR)(OTCMKTS:VEOEY)
Ocwen Financial Corp(NYSE:OCN) hit a new notable 52-week low on Friday, reaching a peak of $7.44 during intraday trading after opening the day at $6.84 and closing at $6.35 with a loss of 16.99%. The $1.30 loss in price moved the stock 87.03% away from its 52-week high of $48.95. The $798.92 million market cap company, which has an earnings per share (ttm) of $1.19 and price to earnings ratio (ttm) of 5.36, had a high trading volume of 20.86 million and 125.81 million shares outstanding. Ocwen Financial Corp had a beta of 074, meaning it is 26% less volatile than the market.
Laredo Petroleum Inc(NYSE:LPI) saw its value decline by 6.45% during Friday’s trading as the stock slid $0.64 to close its trading session to a new closing price of $9.28. This new mark places the stock 32.57% above its 52-week low of $7 and 70.28% below its 52-week high of 31.23. US based independent energy company had a trading volume of 14.21 million, a figure which is substantially higher than its 3-montn average trading volume of 4.39 million. Analysts at Credit Agricole upgraded their rating on the stock from underperform to outperform.
Veolia Environnement VE SA (ADR)(OTCMKTS:VEOEY) traded within a range of $18.16 to $18.39 after opening the day at $18.25 on Friday and dropped 2.18% to close its trading session at $18.16. However, the stock managed to gain $0.02 to 0.09% during afterhours trading. Veolia Environnement VE SA traded 57,888 shares during Friday’s trading session, which is substantially lower than its 30-day average trading volume of 233,134. Simply put, investor interest in the stock is on the decline. The stock has an earnings per share of $-0.02 and a beta of 1.75, which indicates that it is 75% more volatile than the market.
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