On Thursday, United States Steel Corporation (NYSE:X)’s shares declined -0.23% to $8.64.
United States Steel Corporation (NYSE:X) ) declared that it will postpone construction of its Electric Arc Furnace (EAF) at its Fairfield Operates in Birmingham, Ala., due to continued challenging market conditions in both the oil and gas and steel industries.
On Dec. 14, 2015 oil prices hit an eight-year low in the same week that rig counts dropped by another 28 to a 16-year low of 709. The company continues to feel the effect of these energy market conditions, together with low steel prices and continued high levels of imports. In order to combat these continued challenging global market conditions, U. S. Steel has made the decision to postpone the construction of the 1.6 million net ton EAF facility at Fairfield Operates in Birmingham, Ala., until market conditions improve.
The postponement of the construction EAF will not impact the company’s ability to serve its customers across all sectors as U. S. Steel will continue to operate the Fairfield pipe mill, and its steelmaking operations in Indiana, Michigan and Pennsylvania. Fairfield’s #5 coating line and the Double G hot-dip galvanizing joint venture in nearby Jackson, Miss. will continue to operate.
United States Steel Corporation produces and sells flat-rolled and tubular steel products in North America and Europe. It operates through three segments: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE), and Tubular Products (Tubular).
CenterPoint Energy, Inc. (NYSE:CNP)’s shares gained 0.33% to $18.11. With its recent share price change, CNP market value has reached roughly $7.79 billion. Its most recent quarter balance sheet showed the company is standing at a -0.80 current ratio and possess -2.24 as debt to equity ratio. The company has a Profit Margin (ttm) of negative -0.10% and has 28.40% gross margins. The operating profit margin is 11.60%. The stock’s performance in 1 month is 6.15% and its volatility for the same period is 2.09%.
CenterPoint Energy, Inc. operates as a public utility holding company in the United States. The company’s Electric Transmission & Distribution segment offers electric transmission and distribution services to retail electric providers, municipalities, electric cooperatives, and other distribution companies.
SeaWorld Entertainment Inc (NYSE:SEAS)‘s shares surged 0.96% to $19.99. The last trading range of SeaWorld Entertainment Inc (NYSE:SEAS) ranges between $19.68 and $20.14. The EPS of the company stands at $0.41. The 52-week range shows that the stock reached higher at $22.68 while its lower range is $16.22 in the last 52-weeks. The average volume of the company is at 1.21 million with the Outstanding Shares of 89.63 million. The market capitalization of the company is $1.79 billion. The RSI (Relative Strength Index) of -72.37.
SeaWorld Entertainment, Inc. operates as a theme park and entertainment company in the United States. The company operates marine-life theme park under the SeaWorld brand name in Orlando, San Antonio, and San Diego; Busch Gardens theme parks, which are family-oriented destinations with foreign geographic settings in Tampa and Williamsburg; Discovery Cove marine-life theme park in Langhorne; and Sesame Place, a seasonal park in Langhorne. It also operates water parks under the Aquatica brand name in Orlando, San Antonio, and San Diego; under the Adventure Island name in Tampa; and under the Water Country USA name in Williamsburg. In addition, the company operates its theme park under Shamu and Sea Rescue brand names. It owns and operates 11 destination and regional theme parks.
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