During Thursday’s trade, following is the summary for basic materials sector:
- Oasis Petroleum Inc. (NYSE:OAS), was the top gainer of the basic materials sector for the last trading session, and added 5.90% to the share.
- Tesoro Corporation (NYSE:TSO), was among the top loser of the sector, losing -6.72% from the share, and was settled at $81.42.
- Air Products & Chemicals Inc. (NYSE:APD), lately hits new 52-week high of $152.57, and was settled at $152.22.
- Oceaneering International, Inc. (NYSE:OII), lately hits new 52-week low of $49.15, and was settled at $49.88.
- Alpha Natural Resources, Inc. (NYSE:ANR), was the most volatile stock, and it remained 10.84% volatile for the week and 11.08% for the month.
- Gevo, Inc. (NASDAQ:GEVO) -, was the most active stock for the session, and gained volume of 24.56M.
- Targa Resources Corp. (NYSE:TRGP), will release their earning report, before the market close today.
Insights about some real losers from basic materials segment, amid Thursday’s exchange are depicted underneath:
Oceaneering International, Inc. (NYSE:OII), dipped -8.41% to close at $49.88, hitting new 52-week low of $49.15, following the news that Oceaneering International, Inc. (NYSE:OII), stated record fourth quarter and annual earnings for the periods ended December 31, 2014. For the fourth quarter of 2014, Oceaneering earned net revenue of $102.5 million, or $0.99 per share, on proceed of $918.9 million. During the corresponding period in 2013, net revenue was $93.4 million, or $0.86 per share, on proceed of $894.8 million. For the year 2014, Oceaneering stated net revenue of $428.3 million, or $4.00 per share, on proceed of $3.7 billion. For the year 2013, net revenue was $371.5 million, or $3.42 per share, on proceed of $3.3 billion. Quarterly earnings raised year over year due to profit improvements by Remotely Operated Vehicles (ROV), Subsea Projects, and Advanced Technologies. Annual earnings raised on the strength of best ever performances by our ROV, Subsea Products, and Subsea Projects business segments.
Oceaneering International, Inc. (NYSE:OII), is a global oilfield provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications. Through the use of its applied technology expertise, Oceaneering also serves the defense, entertainment, and aerospace industries.
Shares of Hornbeck Offshore Services, Inc. (NYSE:HOS), dropped -7.34% and closed at $18.93, hitting new 52-week low of $18.51, soon after Hornbeck Offshore Services, Inc. (NYSE:HOS), declared recently results for the fourth quarter ended December 31, 2014. Following are highlights for this period and the Company’s future outlook:
- 4Q2014 diluted EPS from ongoing operations of $0.52 reduced $0.09, or 15%, from the year-ago quarter
- 4Q2014 EBITDA from ongoing operations of $67.4 million raised $0.5 million, or 1%, over the year-ago quarter
- 4Q2014 avg new gen OSV dayrates were $27,623, down $400 from the sequential quarter and in-line with the preceding year quarter
- 4Q2014 utilization of the Company’s new gen OSV fleet was 76% contrast to 79% a year-ago and 82% sequentially
Hornbeck Offshore Services, Inc. (NYSE:HOS), through its auxiliaries, operates offshore supply vessels (OSVs) and multi-purpose support vessels (MPSVs) primarily in the U.S. Gulf of Mexico and Latin America. The company owns and operates a fleet of U.S.-flagged OSVs and MPSVs that support the deep-well, deepwater, and ultra-deepwater exploration, development, production, construction, installation, inspection, repair, maintenance, well-stimulation, and other improved oil recovery requirements of the offshore oil and gas industry.
Walter Energy, Inc. (NYSE:WLT), dropped -1.89% to close at $1.04, as Walter Energy, Inc. (NYSE:WLT), declared that in conjunction with the release of its fourth quarter and full year 2014 earnings results before market open on Tuesday, Feb. 17, 2015, it will conduct a conference call with institutional investors and analysts to be broadcast live over the Internet.
What: Walter Energy’s Fourth Quarter 2014 Earnings Conference Call,
When: Tuesday, Feb. 17, 2015 at 10:00 a.m. Eastern Time,
Where: www.walterenergy.com
Shares of the Basic Energy Services, Inc. (NYSE:BAS), dipped -1.19% & closed at $6.66. as Basic Energy Services, Inc. (BAS), stated selected operating data for the month of January 2015. Basic’s well servicing rig count remained unchanged at 421. Well servicing rig hours for the month were 57,400 producing a rig utilization rate of 56%, contrast to 60% and 67% in December 2014 and January 2014, respectively. During the month, Basic’s fluid service truck count raised by seven to 1,054. Fluid service truck hours for the month were 208,100, contrast to 218,200 and 207,400 in December 2014 and January 2014, respectively.
Basic Energy Services, Inc. (NYSE:BAS), provides well site services essential to maintaining production from the oil and gas wells within its operating area. The company employs more than 5,400 employees in more than 100 service points throughout the major oil and gas producing regions in Texas, Louisiana, Oklahoma, New Mexico, Arkansas, Kansas, and the Rocky Mountain and Appalachian regions.
Southwestern Energy Co. (NYSE:SWN), dwindled -0.67% to close at $26.85, as Southwestern Energy Co. (NYSE:SWN), declared the closing of formerly declared transactions with auxiliaries of Statoil (STO) and WPX Energy, Inc. (WPX). In the Statoil transaction, Southwestern attained about 30,000 net acres in West Virginia and southwest Pennsylvania for $365 million, after environmental and title adjustments, and subject to customary post-closing adjustments. In the WPX transaction, Southwestern attained about 46,700 net acres in northeast Pennsylvania and firm transportation capacity of 260 million cubic feet per day on the Millennium pipeline for an adjusted purchase price of $288 million, subject to customary post-closing adjustments. Both of these transactions were funded using the company’s revolving credit facility.
Southwestern Energy Co. (NYSE:SWN), is an independent energy company whose wholly owned auxiliaries are engaged in natural gas and oil exploration, development and production, natural gas gathering and marketing.

