On Friday, Following U.S. Stocks were among the “Top Losers”: CONSOL Energy (NYSE:CNX), Cliffs Natural Resources (NYSE:CLF), Direxion Shares Exchange Traded Fund Trust (NYSEARCA:EDC), Ocwen Financial (NYSE:OCN)
CONSOL Energy Inc. (NYSE:CNX), declared a revised 2015 E&P capital expenditure (CAPEX) forecast of $920 million, not including business development, permitting, and land attainments, which is a decrease from the initial $1.0 billion E&P capital plan that was declared in January 2015. The revised budget reflects a continued focus to high-grade the development plan to further reduce capital in a lower commodity price environment, while maintaining the E&P production growth target of 30% in 2015.
CONSOL Energy Inc. (NYSE:CNX) decline -3.80%, and closed at $26.56, hitting new 52-week low of $26.20. The company has the market capitalization of $6.12 billion. In the last trading session 5.25 million shares changed hands as compared to its average volume of 3.67 million. The beta value of the stock is 1.79. On the other hand the stock’s volatility for the week is 4.10%, and for the month is 3.29%. The stock price to book value is $1.15; however price to sale value is $1.76. Analyst’s mean recommendation regarding this stock is 2.30. (Where 1=Buy, 5=Sale).
CONSOL Energy Inc. (CNX) along with its subsidiaries, works as an integrated energy corporation in the United States and globally. The corporation operates through two divisions, Exploration and Production (E&P), and Coal. The E&P division produces pipeline quality natural gas primarily to gas wholesalers.
Cliffs Natural Resources Inc (NYSE:CLF) disclosed that the Early Tender Date for the Exchange Offers has been extended to midnight, New York City time, on March 25, 2015.
Cliffs Natural Resources Inc (NYSE:CLF)’s shares dropped down -3.70%, and closed at $4.94, hitting new 52-week low of $4.80. The stock volatility for the week is 8.33%, while for the month remained 5.78%. The company holds consensus target price of $6.68.
If we consider EPS growth of the company, then we will notice the following observations:
The company showed -47.52 diluted EPS growth for trailing twelve months. However, YTD EPS growth remained -81.80 and Annual EPS growth for the past 5 years is considered as -23.03.
The mean recommendation of analysts for this stock is -3.50. (Where 1=Buy, 5=Sale).
Cliffs Natural Resources Inc (CLF), a mining and natural resources Corporation, produces iron ore and metallurgical coal. It operates five iron ore mines that produces iron ore pellets in Michigan and Minnesota; Koolyanobbing complex situated in northeast of the town of Southern Cross, which produces lump and fines iron ore; and two metallurgical coal mines located in Alabama and West Virginia.
Direxion Shares Exchange Traded Fund Trust (NYSEARCA:EDC), plunged -3.71%, and closed at $20.79, hitting new 52-week high of $18.82. The company holds the market capitalization of 205.36 Million. Its 20-day moving average decreased -13.02%, above 50-day moving average of -11.88%, below 200-day moving average of -25.24% from the latest market price of $20.79.
Ocwen Financial Corp (NYSE:OCN) a leading financial services holding corporation, stated noteworthyupdates about the Corporation.
As formerly revealed on February 5, 2015 in its Corporation Update to Stakeholders, Ocwen anticipates reporting a loss for the fourth quarter and 2014 fiscal year.
It recorded an additional $50 million expense related to its New York Department of Financial Services Settlement.
The Corporation anticipates to raise expenses related to uncollectable receivables and other servicing expenses by about $64 million.
Ocwen Financial Corp (NYSE:OCN), fell -3.70%, and closed at $9.37. The stock has the beta value of 1.14, and its volatility for the week is 7.62%, while for the month it is 9.15%. The company has the market capitalization of $1.18 B. The company holds the book value per share of 12.35, whereas cash per share is 3.94. Price to book value is estimated to be 0.76, while price to sale value is 0.54. Analysts mean recommendation for the stock is said to be 3.10 (where 1=Buy, 5=sale).
Ocwen Financial Corp (OCN), through its subsidiaries, is hold in the servicing and origination of mortgage loans in the United States and internationally.
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