Are Walter Energy, Inc.(WLT), Occidental Petroleum Corporation(OXY) and Hercules Offshore, Inc.(HERO) Poised To Breakout?
New York, NY – GDP INSIDER – 01/26/2015.
This article discusses three companies: Walter Energy, Inc.(NYSE:WLT), Occidental Petroleum Corporation(NYSE:OXY) and Hercules Offshore, Inc.(NASDAQ:HERO)
Walter Energy, Inc.(NYSE:WLT) saw a substantial decline of 13.76% during Friday’s trading as it hit a new 52-week low of $0.92 to close its trading session at a new closing price of $0.940. The $0.150 loss per share moved the stock 92.67% away from its 52-week high of $12.83. The stock has a relative strength index value of 22.41, which indicates that the stock is in oversold territory. Walter Energy has a return on assets (ttm) of -9.30%, return on equity (ttm) of -84.90% and return on investment (ttm) of -3.70%. Not only that, but the company also has a poor earnings per share (ttm) of $-8.07 and a beta of 2.45. These figures indicate that the stock is on the decline.
Occidental Petroleum Corporation(NYSE:OXY) currently stands at a weekly performance of 3.76%, monthly performance of -2.40%, quarterly performance of -7.58% and an year-to-date performance of -2.18%. The company has an insider ownership of 1.45%, 6-month change in insider ownership of -0.18%, institutional ownership of 80.50% and a 3-month change in institutional ownership of 0.01%. Recently, Jefferies Group reiterated its ‘buy’ rating on the stock and lowered its price target to $95 from $98, while the analysts at Barclays reiterated their underweight rating on the shares of Occidental Petroleum Corporation and cut their price target from $62 to $56.
Hercules Offshore, Inc.(NASDAQ:HERO) slid 10.03% as the stock lost $0.082 to close its Friday’s trading session at a new closing price of $0.732. The $117.75 million market cap company, which traded within a range of $0.73 to $0.82 after opening the day at $0.81, had a trading volume of 4.09 million and 160.81 million shares outstanding. The company has a beta of 2.63, which indicates that the stock is 162% more volatile than the market. Analysts at Raymond James, downgraded their market perform rating to an underperform rating on the shares of Hercules Offshore, Inc.
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