European stock-index futures dropped down after talks over Greece’s debt ended for the day with the nation saying it wouldn’t accept euro-area offers for it to stick to the terms of its bailout.
Oil jumped to close $62 a barrel on Monday, upheld by concerns over the heightening clash with Islamic State aggressors in Libya and forecasts of lower supply levels in the second 50% of the year.
Oil’s recuperation may be fleeting, however a few experts accept right now is an ideal opportunity to get go into energy stocks.
U.S. financial markets were closed on Monday for the Presidents’ Day holiday.
Below is described the details of few basic material sector stocks that gained Friday, following the trend of U.S. stock market:
Exterran Holdings, Inc. (NYSE:EXH)’s shares picked up 6.93%, and closed at $32.24, during the last trading session, as a company formerly declared that its Board of Directors has declared a dividend of $0.15 per share of ordinary stock, a rate of $0.60 per share on an annualized basis, to be paid on Feb. 17, 2015 to stockholders of record at the close of business on Feb. 9, 2015.
The stock has price to sale value of 0.77, however, price to book value is 1.19. The mean recommendation of analysts for this stock is 2.20. (where 1=Buy, 5=Sale).
Exterran Holdings, Inc. (NYSE:EXH), is a global market leader in full service natural gas compression and a premier provider of operations, maintenance, service and equipment for oil and gas production, processing and transportation applications. Exterran Holdings serves customers across the energy spectrum—from producers to transporters to processors to storage owners. Headquartered in Houston, Texas, Exterran has about 10,000 employees and operates in about 30 countries.
W&T Offshore Inc. (NYSE:WTI), raised 6.68%, and closed at $6.55, as an independent oil and natural gas producer, formerly declared that it will release its fourth quarter 2014 financial and operational results after the market closes on Wednesday, March 4, 2015. In conjunction with the release, the Company has planned a conference call, which will also be broadcast live over the Internet, on Thursday, March 5, 2015, at 9:30 a.m. Eastern Time (8:30 a.m. Central Time).
The mean recommendation of analysts for this stock is 2.70. (where 1=Buy, 5=Sale).
W&T Offshore Inc. (NYSE:WTI), is an independent oil and natural gas producer with operations offshore in the Gulf of Mexico and onshore in the Permian Basin of West Texas. W&T presently has under lease about 1.2 million gross acres, counting about 0.6 million gross acres on the Gulf of Mexico Shelf, about 0.6 million gross acres in the deepwater and about 50,000 gross acres onshore in Texas.
Whiting Petroleum Corp. (NYSE:WLL), inclined 6.67%, and closed at $38.53, during the last trading session, as an independent oil and gas company, formerly declared that it will release its fourth quarter 2014 financial and operating results on Wednesday, February 25, 2015 after the market closes. A conference call with investors, analysts and other interested parties is planned for 11:00 a.m. EST (10:00 a.m. CST, 9:00 a.m. MST) on Thursday, February 26, 2015 to talk about Whiting’s fourth quarter 2014 financial and operating results.
Whiting Petroleum Corp. (NYSE:WLL), a Delaware corporation, is an independent oil and gas company that explores for, develops, attains and produces crude oil, natural gas and natural gas liquids primarily in the Rocky Mountain and Permian Basin regions of the United States. The Company’s largest projects are in the Bakken and Three Forks plays in North Dakota, the Niobrara play in northeast Colorado and its Improved Oil Recovery field in Texas.
Patterson-UTI Energy Inc. (NASDAQ:PTEN), enhanced 6.64%, and closed at $18.14, as a company, declared that its Board of Directors has planned the Company’s 2015 Annual Meeting of Stockholders for June 4, 2015. The Board has set a record date for the 2015 Annual Meeting of April 7, 2015. Since the 2015 Annual Meeting will occur more than 30 days after the anniversary of the Company’s preceding Annual Meeting of Stockholders held on April 17, 2014, the Board has set a new deadline for the receipt of shareholder proposals. For business to be properly brought before the 2015 Annual Meeting by any shareholder, and for a nomination of directors to be made by a shareholder, notice must be received by the Company in proper written form, in accordance with the Company’s Second Amended and Restated Bylaws, no later than February 16, 2015.
Patterson-UTI Energy Inc. (NASDAQ:PTEN), auxiliaries provide onshore contract drilling and pressure pumping services to exploration and production companies in North America. Patterson-UTI Drilling Company LLC and its auxiliaries operate land-based drilling rigs in oil and natural gas producing regions of the continental United States, and western and northern Canada. Universal Pressure Pumping, Inc. and Universal Well Services, Inc. provide pressure pumping services primarily in Texas and the Appalachian region.
