Are Basic Energy Services, Inc(NYSE:BAS), Arch Coal Inc(NYSE:ACI) and Hercules Offshore, Inc.(NASDAQ:HERO) Faring?
New York, NY – GDP INSIDER – 01/13/2015.
This article discusses three stocks: Basic Energy Services, Inc(NYSE:BAS), Arch Coal Inc(NYSE:ACI) and Hercules Offshore, Inc.(NASDAQ:HERO)
Basic Energy Services, Inc(NYSE:BAS) traded within a range of $5.26 to $5.93 after opening the day at $5.88 and finished yesterday’s trading at a closing price of $5.44 after a 10.82% loss. The $0.66 moved the stock 8.58% above its 52-week low of $5.01 and 81.77% further away from its 52-week high of $29.84. However, the stock went on to gain an additional $0.09 to 1.65% during afterhours trading to move to a new price of $5.53. The company has a beta of 2.16, indicating that the stock is 116% more volatile than the market.
Arch Coal Inc(NYSE:ACI) saw a decline of 2.67% in its value as the stock fell $0.04 to close the day at a new closing price of $1.46. The stock has a beta of $-3.26 which could scare off potential investors. Additionally, day traders should also keep the stock’s beta of 2.03 in mind as it indicates that the stock is 103% more volatile than the market. Arch Coal Inc currently stands at a poor weekly performance of -13.65% and a monthly performance of -2.51%.
Hercules Offshore, Inc.(NASDAQ:HERO) traded for a new 52 week low of $0.75 during yesterday’s trading and finished the day at a closing price of $0.758 after a 9.31% loss of $0.758. This mark is 87.68% below its 52-week high of $6.17. Although this mark could scare off investors, it could also represent a new buy-low opportunity. Hercules Offshore, Inc had a trading volume of 3.62 million yesterday, which is lower than its 3-month average trading volume of 4.47 million. It has a market cap of $134.54 million and a beta of 2.63.
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