Since September, global shares hit their peak, and the euro firmed on Monday with shareholders vigilantly hopeful that euro zone finance ministers would reach a grant deal for debt-laden Greece.
“There is an underlying view that there has to be a resolution, not least because Greece apparently has little or no bargaining power,” said John Bilton, head of the global multi-asset strategy team at JPMorgan Asset Administration.
U.S. financial markets were closed on Monday for the Presidents’ Day holiday.
Below is described the details of few basic material sector stocks that gained Friday, following the trend of U.S. stock market:
Amyris, Inc. (NASDAQ:AMRS)’s shares picked up 16.76%, and closed at $2.09, during the last trading session, as a renewable products company, formerly declared that it will report financial results for the fourth quarter ended December 31, 2014 after market close on Tuesday, February 24, 2015. The Company will hold its quarterly conference call to talk about these results, in addition to provide an update on the Company’s business and outlook, at 4:30 p.m. ET (1:30 p.m. PT) on Tuesday, February 24, 2015. To listen via live webcast, please visit: http://investors.amyris.com.
The stock has price to sale value of 3.51, however, price to cash per share value is 2.41. The mean recommendation of analysts for this stock is 3.00. (where 1=Buy, 5=Sale).
Amyris, Inc. (NASDAQ:AMRS), is a global renewable products company providing sustainable alternatives to a variety of non-renewable resources. Amyris uses its innovative bioscience technology to convert plant sugars into hydrocarbon molecules.
Forum Energy Technologies, Inc. (NYSE:FET), raised 16.22%, and closed at $18.70, soon after a company declared fourth quarter 2014 proceed of $439 million, an raise of $45 million or 11%, from the fourth quarter 2013. Net revenue for the quarter was $46 million, or $0.49 per diluted share, contrast to $35 million, or $0.36 per diluted share, for the preceding year period. Not including $0.01 per share of non-operational items, adjusted diluted earnings per share were $0.48 in the fourth quarter of 2014. See Table 1 for a reconciliation of GAAP to non-GAAP financial information.
Forum’s total proceed for the full year 2014 was a record $1.7 billion, an raise of $215 million or 14%, from 2013. Net revenue was a record $174 million, or $1.83 per diluted share. Not including $0.02 per share of non-operational items, adjusted diluted earnings per share were $1.85 for the full year 2014. Free cash flow for the full year 2014 was a record $219 million, and adjusted EBITDA for the year not including non-operational items was a record $340 million, or 19.5% of proceed. See Tables 2-5 for a reconciliation of GAAP to non-GAAP financial information.
The mean recommendation of analysts for this stock is 2.30. (where 1=Buy, 5=Sale).
Forum Energy Technologies, Inc. (NYSE:FET), is a global oilfield products company, serving the subsea, drilling, completion, production and infrastructure sectors of the oil and natural gas industry. The Company’s products comprise highly engineered capital equipment in addition to products that are consumed in the drilling, well construction, production and transportation of oil and natural gas.
Newpark Resources Inc. (NYSE:NR), inclined 12.19%, and closed at $9.85, during the last trading session, soon after a worldwide provider of value-added drilling fluids systems and composite matting systems used in oilfield and other commercial markets, declared results for its fourth quarter and full year ended December 31, 2014. Total proceeds for the fourth quarter of 2014 were $306.2 million contrast to $297.0 million in the third quarter of 2014 and $246.9 million in the fourth quarter of 2013. Revenue from ongoing operations for the fourth quarter of 2014 was $23.4 million, or $0.25 per diluted share, contrast to $23.5 million, or $0.25 per diluted share, in the third quarter of 2014, and $10.5 million, or $0.11 per diluted share, in the fourth quarter of 2013.
Fourth quarter 2014 results comprise $1.5 million of pre-tax charges ($0.01 per diluted share) in Brazil, primarily associated with costs related to workforce reductions and the impairment of certain indirect tax assets.
For the full year 2014, total proceeds were $1.118 billion contrast to $1.042 billion in 2013. Revenue from ongoing operations for 2014 was $79.0 million, or $0.84 per diluted share, contrast to $52.6 million, or $0.56 per diluted share, in 2013.
Newpark Resources Inc. (NYSE:NR), is a worldwide provider of value-added drilling fluids systems and composite matting systems used in oilfield and other commercial markets.
C&J Energy Services, Inc. (NYSE:CJES), enhanced 11.70%, and closed at $12.98, soon after an independent provider of premium hydraulic fracturing, coiled tubing, wireline, pumpdown and other complementary oilfield services with a focus on complex, technically demanding well completions, stated net revenue of $22.3 million, or $0.40 per diluted share, on proceed of $483.5 million for the fourth quarter of 2014, and Adjusted Net Revenue(1) of $30.5 million, or $0.54 per diluted share(1), after not including a $4.9 million after-tax ($0.08 per diluted share) charge related to transaction costs associated primarily with the projected combination of C&J with the completion and production services business of Nabors Industries Ltd.. Adjusted Net Revenue(1) also excludes a $0.5 million after-tax ($0.01 per diluted share) charge related to an insurance settlement and a $2.7 million tax effect ($0.05 per diluted share) from the enactment of the Tax Raise Prevention Act. These results compare with net revenue of $23.8 million, or $0.42 per diluted share, on proceed of $440.0 million for the third quarter of 2014, and Adjusted Net Revenue(1) of $26.5 million, or $0.47 per diluted share(1), after not including a $2.7 million after-tax ($0.05 per diluted share) charge related to the Pending Transaction. For the fourth quarter of 2013, the Company recorded net revenue of $7.3 million, or $0.13 per diluted share, on proceed of $265.4 million. Adjusted EBITDA(1) for the fourth quarter of 2014 was $82.3 million, contrast to $75.2 million for the third quarter of 2014 and $36.5 million for the fourth quarter of 2013.
C&J Energy Services, Inc. (NYSE:CJES), is an independent provider of premium hydraulic fracturing, coiled tubing, wireline, pumpdown and other complementary oilfield services with a focus on complex, technically demanding well completions. In addition to our suite of completion, stimulation and production enhancement services, we manufacture, repair and refurbish equipment and provide parts and supplies for third-party companies in the energy services industry, in addition to fulfill our internal needs.
