Share of California Resources Corp (NYSE:CRC) declined -5.49% and is at $2.24 in the Real-Time trading session. The company opened at $2.41 on Thursday, and is moving between $2.14 - 2.42, through the day.
On Friday, December 18, 2015, NASDAQ Composite ended at 4,923.08, down 1.59%, Dow Jones Industrial Average declined 2.10% to finish the day at 17,128.55 and the S&P closed at 2,005.55, down 1.78%.
California Resources Corp.’s stock declined 1.00% to close Friday’s session at USD 1.98. The stock traded below its 50-day and 200-day moving averages of USD 3.82 and USD 5.44, respectively. The share price oscillated between USD 1.88 and USD 2.13. The stock recorded a trading volume of 13.04 million shares, which was above its 50-day daily average volume of 6.34 million shares and above its 52-week average volume of 6.65 million shares. Over the last three days, California Resources Corp.’s shares have declined by 24.14% and in the past one week, the stock has moved down 28.00%. Moreover, in the last six months, the stock has lost 71.63% and year to date, the shares have shed 63.52%. Further, the stock trading is at a price to book ratio of 0.33, as against the historical PB ratio of 0.81. Additionally, the stock is trading at a price to cash flow ratio of 0.96 and at a price to sales ratio of 0.29.
ONEOK, Inc. (NYSE:OKE) inclined 0.99% right now and is at $24.53. The 52-week range of the share price is from $18.84 - 51.53. The company has total market capitalization of $5.13B.
ONEOK, Inc. (OKE) and ONEOK Partners, L.P. (OKS) declared 2016 financial and volume guidance.
ONEOK Partners’ 2016 capital-growth expenditures are predictable to be about $460 million, and maintenance capital expenditures are predictable to be about $140 million.
“We expect 2016 earnings to be driven by continued natural gas and natural gas liquids volume growth across our integrated pipeline system, with strong year-end performance providing us momentum into 2016. Our substantial backlog of well connects, flared gas inventory in the Williston Basin and unaccomplished wells provides considerable visibility into our 2016 volumes,” said Terry K. Spencer, president and chief executive officer of ONEOK and ONEOK Partners. “Our commodity price outlook remains cautious for 2016. However, we expect the partnership’s 2016 earnings to improvement contrast with 2015 guidance, primarily from volume and fee-based margin improvements, resulting in raised distributable cash flow.
Shares of Carnival Corp (NYSE:CCL), gained 0.24%, and is now trading at $54.21. Its overall volume is 471,094 shares right now, and average trading volume of 4,231,260 shares.
Carnival Cruise Line capped off a Holiday Food & Fund drive in New Orleans benefiting the Second Harvest Food Bank by constructing the world’s largest cruise ship made of canned food which was displayed on Monday night at the New Orleans Saints game.
Carnival is the “Official Cruise Line of the New Orleans Saints” and the 30-foot-long cruise ship built from more than 17,000 cans of food was the culmination of a Holiday Food & Fund drive involving New Orleans-area schools that was sponsored by Carnival and the NFL franchise.
The can structure was built in consultation with the New Orleans chapter of the American Institute of Architects (AIA) and required more than 100 volunteers who expertly positioned the cans – one at a time – to create a reproduction of a Carnival cruise ship featuring such design elements as the line’s signature winged funnel, running lights and more.
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