Are Walter Energy, Inc.(WLT), Occidental Petroleum Corporation(OXY) and Hercules Offshore, Inc.(HERO) Poised To Breakout?

Posted by admin January 26, 2015 0 Comment 822 views


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.

Why Is Investors’ Interest In Walter Energy, Inc Tumbling? Find Out More In Our Free WLT Report.

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.

Why Is Occidental Petroleum Corporation Losing Its Value? Read Our Free OXY Investment Analysis.

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.

Will Hercules Offshore, Inc Bounce Back? Make A Savvy Investment Plan With Our Free HERO Analysis.

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