Volcano Corporation (NASDAQ:VOLC) down by 6.93%, Key Energy Services Inc (NYSE:KEG)

Posted by Kristi Scott May 5, 2013 0 Comment 1564 views

Volcano Corporation (NASDAQ:VOLC): In Friday’s trading session, there was a drastic dip of 6.93% in Volcano Corporation (NASDAQ:VOLC) shares. The shares had an opening price of $21.70 which was also its intraday high post which it dropped to $18.12 per share. Over 4.00M were traded in Friday’s trading session which was way above the average volume of 0.842M that was measured over the last 30 days.

Volcano Corporation (NASDAQ:VOLC)’s data earnings were last released on 2 May and it reported $0.02 EPS for the current quarter. The revenue for the quarter was $96.11 million in comparison to the average analyst estimate of $96.11 million. It was also up by 3.1% in comparison to the same quarter in the last year. The average analyst prediction is that Volcano will post earnings of $0.08 per share for the 2013 financial year.

Volcano is involved in the designing, developing, manufacture and commercialization of a variety of precision-guided therapy tools such s fractional flow reserve and intravascular ultrasound products. Another important development that the company is currently involved in is functional percutaneous interventional (PCI) adoption. The FFR technology that is used in this can help in determining whether a stent is required of not.

Key Energy Services, Inc (NYSE:KEG): In Friday’s trading session there was a rise of 2.80% in Key Energy Services, Inc (NYSE:KEG) shares. The shares had an opening price of $6.18 which touched an intraday high of $6.43 before dropping to $6.15. Over 4.02M shares were traded in Friday’s trading session which topped the average volume of 3.48M that was measured over the last 30 days.

Key Energy Services, Inc (NYSE:KEG) is an on-shore well servicing contractor who is rig-based. The company provides various well services to overseas national oil companies, major national oil companies as well as other independent companies that operate in the oil and natural gas-production field. Key provides services such as coiled-tubing based as well as rig-based well-maintenance. It also offers well completion as and the necessary completion services. In addition to these, it has a varied repertoire of services such as ancillary oilfield services and rental and fishing services.

Some of its rigs also have the capacity to undertake specialty drilling applications. It operates in most of the major oil and natural gas producing countries in the world like Mexico, Columbia, Russia, the Middle East, Argentina and the United States.

About Kristi Scott

Kristi Scott joined GDP Insider in 2005 as a Wall Street reporter for the Business and Market section. Kristi covers the stock market, financial markets and personal finance. Her awards have come from the National Federation of Professional Writers, the Ohio Newspaper Association, the Cleveland Press Club, the Society of Professional Journalists and Suburban Newspapers of America. Kristi was named SNA's national Journalist of the Year

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