What Does The Future Hold For These Three Stocks: Key Energy Services, Inc.(NYSE:KEG), Hovnanian Enterprises, Inc.(NYSE:HOV) and Dendreon Corporation(OTCMKTS:DNDNQ)?
New York, NY – GDP INSIDER – 01/15/2015.
This article discusses about three companies: Key Energy Services, Inc.(NYSE:KEG), Hovnanian Enterprises, Inc.(NYSE:HOV) and Dendreon Corporation(OTCMKTS:DNDNQ)
Key Energy Services, Inc.(NYSE:KEG) surged a whopping 10.37% to close the day at a new closing price of $1.49 as the US crude oil benchmark, WTI, surged $2.59 to $48.48/barrel, while, the global crude oil benchmark, Brent, rose $2.10 to $48.69/barrel. This marks the biggest one-day percentage gain in crude oil prices since June 2012. The US based well servicing contractor traded within a range of $1.32 to $1.53 and currently stands at a weekly performance of 0.68% and a monthly performance of 33.04%. Key Energy Services, Inc gained an additional 5.37% during afterhours trading.
Hovnanian Enterprises, Inc.(NYSE:HOV) has a beta of 2.53, meaning it is 153% more volatile than the market. The $572.12 million market cap company, which has an earnings per share (ttm) of $1.41 and price to earnings ratio (ttm) of 2.69, currently situated 24.18% above its 52-week low of $3.06 and 39.10% below its 52-week high of $6.24. Recently, analysts at Zacks downgraded their rating on the stock from ‘Neutral’ to ‘Underperform’ with a price target set to $3.80. Hovnanian Enterprises, Inc has an estimate target price of $4.51 and analysts’ mean recommendation of 3.20 (1=BUY, 5= SELL).
Dendreon Corporation(OTCMKTS:DNDNQ) surged a massive 126.44% to $0.110 during yesterday’s trading and closed its session at $0.197, with an average rating of ‘hold’ given by 10 analysts currently covering the stock. Analysts at Roth Capital currently hold a ‘neutral’ rating on the shares of Dendreon Corporation, while, the analysts at Zacks hold an ‘outperform’ rating on the stock. Dendreon Corporation had a high trading volume of 17.80 million, a figure which is 14.86 million greater than its 30-day average trading volume of 2.94 million. The ticker gained an additional 0.51% during afterhours trading.
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