On Tuesday, Transocean Ltd. (NYSE:RIG)’s shares surged 4.89% to $17.16, as crude oil prices rally after the U.S. Energy Information Administration said that it anticipates U.S. shale production to fall by 45,000 barrels per day to 4.98 million barrels per day in May, Reuters reports.
Also, oil prices were higher amid tensions in Yemen, where the leading oil exporter Saudi Arabia is involved in a civil war, according to Reuters.
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.
Eldorado Gold Corporation (NYSE:EGO)’s shares gained 4.73% to $4.87, during the last trading session on Tuesday, as gold prices moved off multi-week lows and the dollar weakened.
The dollar fell after data showed that U.S. retail sales growth was less than predictable, which raised speculation that the U.S. economy would take longer than predictable to return to its inflation target, according to International Business Times.
Eldorado Gold Corporation, together with its auxiliaries, engages in the exploration, discovery, development, production, and reclamation of gold properties, primarily in Brazil, China, Greece, Turkey, and Romania.
At the end of Tuesday’s trade, JB Hunt Transport Services Inc. (NASDAQ:JBHT)’s shares gained 4.66% to $91.82, hitting its highest level, after JB Hunt declared first quarter 2015 net earnings of $91.9 million, or diluted earnings per share of 78 cents vs. first quarter 2014 net earnings of $68.7 million, or 58 cents per diluted share.
Total operating proceed for the current quarter was $1.44 billion, contrast with $1.41 billion for the first quarter 2014. Current quarter total operating proceed, not including fuel surcharges, raised 10% vs. first quarter 2014. Intermodal (JBI) load growth was 6% over first quarter 2014 levels. Dedicated Contract Services (DCS) segment proceed raised by 7% over preceding year primarily from rate raises and more activity at customer accounts. Integrated Capacity Solutions (ICS) load growth was 17% over the same period in 2014 however lower proceed per load kept segment proceed flat from a year ago. Truck (JBT) segment proceed reduced 1% on lower proceed per tractor per week.
Operating revenue for the current quarter totaled $155 million vs. $117 million for the first quarter 2014. Benefits from customer rate raises, improved asset utilization, lower equipment maintenance costs, improved equipment fuel economy and more effective use of third-party carriers more than offset raises in rail purchase transportation rates, driver wage raises, higher equipment depreciation, raised insurance rates, higher equipment storage costs and higher toll expenses across all business segments. JBI operating revenue raised from first quarter 2014 primarily due to higher volumes and more efficient dray fleet operations. DCS operating revenue raised from the same period 2014 primarily due to less reliance on third-party carriers and improved asset utilization. ICS operating revenue raised primarily from improved gross profit margins and JBT operating revenue raised primarily from higher customer rates and more efficient operating costs of its newer equipment.
J.B. Hunt Transport Services, Inc., together with its auxiliaries, provides surface transportation and delivery services in the continental United States, Canada, and Mexico. The company operates in four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truck (JBT).
Finally, WPX Energy, Inc. (NYSE:WPX), ended its Tuesday’s trading session with 4.58% gain, and closed at $13.46, as WPX Energy Senior Vice President of Operations and Resource development Clay Gaspar is planned to speak at the IPAA Oil and Gas Investor Symposium on Monday, April 20.
Gaspar’s presentation is planned to start at about 9:35 a.m. Eastern. Please visit www.wpxenergy.com on the day of the event to confirm the time, see the slides and listen to the presentation.
Gaspar joined WPX in October last year after working for Newfield Exploration, Anadarko Petroleum and Mewbourne Oil in a number of technical and leadership roles.
WPX Energy, Inc., an independent natural gas and oil exploration and production company, engages in the exploitation and development of unconventional properties in the United States. The company focuses on exploiting natural gas reserves base and related natural gas liquids in the Piceance Basin of the Rocky Mountain region, in addition to developing and growing oil positions in the Williston Basin in North Dakota and the San Juan Basin in the southwestern United States.
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