On Monday, Shares of Transocean Ltd. (NYSE:RIG), lost -6.33% to $12.42, hitting its lowest level, dragged down by steepening declines in the price of oil.
Energy companies in the S&P 500 were the biggest decliners in the index, falling 2%. Major oil companies Chevron Corp. and Exxon Mobil Corp., which led declines in the Dow industrials on Friday, continued to drag the market lower, falling 3.3% and 1.5%, respectively. WSJ Reports
Transocean Ltd., together with its auxiliaries, provides offshore contract drilling services for oil and gas wells worldwide. The company primarily offers deepwater and harsh environment drilling services.
Shares of Goldcorp Inc. (NYSE:GG), declined -1.58% to $13.07, during its last trading session.
Goldcorp’s price target was cut to $19 from $22 at BMO Capital, which reiterated its “outperform” rating.
The firm also lowered 2015 earnings estimates to $0.36 from $0.39 per share.
Goldcorp stated its 2015 fourth quarter financial results with earnings of $0.08 per share on revenue of $1.3 billion. This compares to earnings of $0.20 per share on revenue of $1.1 billion for the same period one year ago.
Adjusted EPS of $0.10 exceeded BMO and consensus estimates of $0.07 due to the strong operating results, the firm noted.
Goldcorp Inc. engages in the acquisition, exploration, development, and operation of precious metal properties in Canada, the United States, Mexico, and Central and South America. The company primarily explores for gold, silver, copper, lead, and zinc deposits.
Finally, CSX Corp. (NYSE:CSX), ended its last trade with -0.45% loss, and closed at $31.14.
Applications are now being accepted for the 2015 Grant Program for Transporting Healthy Food, presented in partnership by CSX and The Conservation Fund.
According to the United States Department of Agriculture more than 23 million Americans have limited or no access to fresh and healthy food. Many producers and retailers lack the resources and equipment needed to sustain food quality and safety as they sell, store, package and distribute fresh produce and other food to the surrounding communities they serve.
Now in its second year, the Grant Program for Transporting Healthy Food is designed to support and strengthen local transportation and distribution infrastructure for healthy food to communities in need. The program enhances delivery capabilities of producers and distributors and improves the availability of healthy food for nearby consumers. In 2014, the recipient organizations used the grants to purchase refrigeration and delivery trucks, acquire portable food chests and expand local food supply and capacity to provide nearly 118 million pounds of nutritious food to about six million people annually.
In 2015, grants ranging from $2,500 to $10,000 will be made accessible to charitable entities that distribute fresh produce and perishable food in 22 states where CSX operates—Alabama, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Mississippi, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Virginia and West Virginia.
CSX Corporation, together with its auxiliaries, provides rail-based transportation services in the United States and Canada. It offers traditional rail services, and transports intermodal containers and trailers. The company transports crushed stone, sand and gravel, metal, phosphate, fertilizer, food, consumer, agricultural, automotive, paper, and chemical products; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants, in addition to exports coal to deep-water port facilities.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified with such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
