Basic Materials Stocks Trader’s Buzzers: WPX Energy (NYSE:WPX), Ion Geophysical (NYSE:IO), Cobalt International Energy, (NYSE:CIE)

On Thursday, WPX Energy Inc (NYSE:WPX)’s shares inclined 13.82% to $8.44.

WPX has 76.60% institutional ownership while its EPS ratio was 1.22. The company has 235.18 million shares outstanding while market capitalization of the company was $2.04 billion. Price to book ratio was 0.40. Net profit margin of the company was 12.00% while gross profit margin was 0.87%. Stock volatility for the month was booked as 9.66% while for the week was recorded as 8.08%.

The mean estimate for the short term price target for WPX Energy Inc (WPX) stands at $11.41 according to 17 Analysts. The higher price target estimate for the stock has been calculated at $11.41 while the lower price target estimate is at $17.

Analysts mean recommendation for the stock is 2.30. This number is based on a 1 to 5 scale where 1 indicates a Strong Buy recommendation while 5 represents a Strong Sell.

WPX Energy, Inc. is an independent natural gas and oil exploration and production company. The Company is engaged in the exploitation and development of unconventional properties.

Ion Geophysical Corp (NYSE:IO)’s shares gained 36.62% to $0.355.

IO has the market capitalization of $42.82 billion. The stock has P/B ratio of 0.42 while EPS was $-1.25. Institutional ownership of the company was 59.10% while 164.71 million shares were outstanding. Net profit margin of the Company was -63.70% while its gross profit margin was -18.30%. Share of the company moved below its SMA 50 with -27.89%. ROE ratio was -121.60% while ROI was -21.10%.

The mean estimate for the short term price target for Ion Geophysical Corp (IO) stands at $1.63 according to 3 Analysts. The higher price target estimate for the stock has been calculated at $3.00 while the lower price target estimate is at $0.40.

Analysts mean recommendation for the stock is 2.80. This number is based on a 1 to 5 scale where 1 indicates a Strong Buy recommendation while 5 represents a Strong Sell.

ION Geophysical Corporation (ION) is a global technology-focused company that provides geophysical technology, services and solutions to the global oil and gas industry.

At the end of Thursday’s trade, Cobalt International Energy, Inc. (NYSE:CIE)‘s shares dipped -2.51% to $8.92.

CIE Its past 5-day performance at 16.45%. So far in 2015, the company has a year-to-date performance of 0.34%. The stock, as of last close, traded 32.54% up from its 52 week low and was -22.30% below its 52 week high. Its latest closing price was -1.09% below the SMA200 while the distance from SMA 50 and SMA 20 was 14.96% and 13.84% respectively.

The mean estimate for the short term price target for Cobalt International Energy, Inc. (CIE) stands at $11.77 according to 11 Analysts. The higher price target estimate for the stock has been calculated at $21.00 while the lower price target estimate is at $8.00.

Analysts mean recommendation for the stock is 2.40. This number is based on a 1 to 5 scale where 1 indicates a Strong Buy recommendation while 5 represents a Strong Sell.

Cobalt International Energy Inc. is an independent exploration and production company with operations in the deepwater the United States Gulf of Mexico and offshore Angola and Gabon in West Africa. The Company operates in two segments:

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