Energy stocks were mostly elevated, with the NYSE Energy Sector Index climbing 1.5% while shares of energy companies in the S&P 500 were inclined 1.3% as a group. Crude oil for March delivery was $2.70 at $51.15 per barrel while front-month natural gas futures were down 4 cents to $2.62 per 1 million BTU.
Despite energy sector elevated, Niska Gas Storage, (NKA), Geospace Technologies, (GEOS), Matrix Service, (MTRX), EXCO Resources, (XCO), United States Steel, (X), shares still lands in red-zone. Details are described underneath:
Niska Gas Storage Partners, (NYSE:NKA), traded in a 52-week range of $2.15 to $16.43, hitting its new 52-week low, with shares demolished - 16.28% at $2.16 in pre-market trade, as a growth-oriented midstream natural gas services provider, stated recently its financial results for the quarter and nine months ended December 31, 2014. The Company also offered an update on the current business environment and declared the suspension of distributions on its ordinary units. Adjusted EBITDA for Niska`s quarter ended December 31, 2014 was $9.4 million, contrast to $37.0 million for the quarter ended December 31, 2013. Adjusted EBITDA was $48.0 million for the nine months ended December 31, 2014, contrast to $84.4 million for the nine months ended December 31, 2013.
Niska Gas Storage Partners, (NYSE:NKA), is a growth-oriented midstream natural gas services offerr with operations focused on owning, operating, developing and acquiring midstream energy assets in the United States and Canada.
Geospace Technologies, (NASDAQ:GEOS), declined -13.23% and settled at $23.42, following the news that Geospace, recently declared a net loss of $5.4 million, or $0.41 per diluted share, on proceeds of $21.2 million for its fiscal quarter ended December 31, 2014. This compares with a net revenue of $24.2 million, or $1.85 per diluted share, on proceeds of $101.3 million for the preceding year. “In other news, we are happy to declare that we received our ISO 9001:2008 Quality Certification on November 28, 2014. Our internally developed Quality Administration System was noted for its advanced functionality and tracking capabilities. All of our employees have long focused on delivering and maintaining high standards of quality and safety in our products and operations, and it is very satisfying to receive independently audited validation of these efforts.”
Geospace Technologies, (NASDAQ:GEOS), hosted a conference call to review its fiscal year 2015 first quarter financial results on February 5, 2015, at 10:00 a.m. Eastern Time (9:00 a.m. Central).
Geospace Technologies, (NASDAQ:GEOS), designs and manufactures instruments and equipment used by the oil and gas industry to attain seismic data in order to locate, characterize and monitor hydrocarbon producing reservoirs. The company also designs and manufactures non-seismic products, counting industrial products, offshore cables, thermal printing equipment and film.
Shares of Matrix Service Company, (NASDAQ:MTRX), diminished nearly -11.10% to $18.51, as the company headquartered in Tulsa, Oklahoma, declared recently that TransCanada Energy Ltd., a partner of TransCanada Corporation (TRP.TO) (TRP.TO) has awarded Matrix North American Construction Ltd. a contract for the construction of the Napanee Generating Station (NGS), a new 900 megawatt (MW) combined cycle gas-fuelled power generation station located in the Town of Greater Napanee adjacent to the Ontario Power Generation’s Lennox Generating Station in eastern Ontario.
Matrix Service Company, (NASDAQ:MTRX), offers engineering, fabrication, infrastructure, construction, and maintenance services primarily to the oil, gas, power, petrochemical, industrial, and mining and minerals markets in the United States and Canada.
EXCO Resources Inc. (NYSE:XCO), showed a negative movement of -6.58% to end at $2.13, following the news that an oil and natural gas exploration, exploitation, development and production company, recently declared that it will be releasing fourth quarter and full year 2014 results on Tuesday, February 24, 2015, after market close. EXCO will host a conference call on Wednesday, February 25, 2015, at 9:00 a.m. (Central Time) to talk about the contents of this release and respond to questions.
EXCO Resources Inc. (NYSE:XCO), is an oil and natural gas exploration, exploitation, development and production company headquartered in Dallas, Texas with principal operations in Texas, North Louisiana and Appalachia.
United States Steel, (NYSE:X), traded in a 52-week range of $20.13 to $ 46.55 with shares dropped -3.30% at $23.43 in pre-market trade, as a leading integrated steel producer and Fortune 200 company, declared recently that its Board of Directors declared a dividend of five cents per share on U. S. Steel Ordinary Stock. The dividend is payable March 10, 2015, to stockholders of record at the close of business February 11, 2015.
United States Steel, (NYSE:X), headquartered in Pittsburgh, Pa., is a leading integrated steel producer and Fortune 200 company with major production operations in the United States and Central Europe and an annual raw steelmaking capability of 24.4 million net tons.
