On Tuesday, Following Stocks were among the “Top 50 Losers” of U.S. Stock Market: Approach Resources, Inc. (NASDAQ:AREX), Axalta Coating Systems Ltd. (NYSE:AXTA), Swift Energy Co. (NYSE:SFY), National CineMedia, Inc. (NASDAQ:NCMI)
Approach Resources, Inc. (NASDAQ:AREX), with shares declined -4.93%, closed at $6.37.
Axalta Coating Systems Ltd. (NYSE:AXTA), with shares dropped -4.79%, settled at $27.85.
Swift Energy Co. (NYSE:SFY), with shares dipped -4.74%, and closed at $2.01, hitting new 52-week low of $1.97.
National CineMedia, Inc. (NASDAQ:NCMI), plummeted -4.72%, and closed at $14.52.
Latest NEWS regarding these Stocks are depicted underneath:
Approach Resources, Inc. (NASDAQ:AREX)
From the seventeen brokerages that are covering the stock, Approach Resources, Inc. (AREX)’s stock is assigned an average rating of “Hold”, Analyst Ratings Net reports.
The stock has been rated with a sell rating by Five investment analysts, while ten have issued a hold rating and one has assigned a buy rating to the corporation. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $10.39.
Approach Resources Inc., an independent energy corporation, focuses on the exploration, development, production, and attainment of unconventional oil and gas reserves in the United States. The corporation’s properties are primarily located in the Permian Basin in west Texas.
Axalta Coating Systems Ltd. (NYSE:AXTA)
Last Friday, Axalta Coating Systems Ltd. (AXTA), partnered with Akshaya Patra’s food program to support children’s education in the community surrounding Axalta’s Savli manufacturing plant in the state of Gujarat in India. The funding is part of a national program that assists Akshaya Patra feed millions of children in India who have the zeal to learn and the potential to contribute to India’s sustainable social and economic development. Axalta is proud to associate itself with an NGO that supports the community and supports Akshaya Patra’s vision that “no child should be deprived of education due to hunger.”
Akshaya Patra has demonstrated the merits of its initiatives by increasing school attendance, decreasing the drop-out rate, fueling enrollment in schools and creating socialization among children, all consequences of improving their nutrition. Axalta’s support to Akshaya Patra in Gujarat is an ideal synergy between the two organizations which are focused on having a positive influence on the development of communities where they operate.
Axalta is a leading global corporation focused solely on coatings and providing customers with innovative, colorful, beautiful and sustainable solutions. From light OEM vehicles, commercial vehicles and refinish applications to electric motors, buildings and pipelines, our coatings are designed to prevent corrosion, raise productivity and enable the materials we coat to last longer.
Swift Energy Co. (NYSE:SFY)
On February 26, Swift Energy Co. (SFY), stated its 2014 year-end and fourth quarter financial and operating results, while on the same day the stock surged 8.8% to $3.09 in its afternoon trading, following the news that the corporation’s fourth-quarter earnings has beaten down analysts’ expectations.
“Despite the challenging commodity price environment during the last quarter of 2014, Swift finished the year on a strong note, achieving record annual production of 12.39 MMBoe. We continued to refine and develop our drilling and completions process in the Eagle Ford as demonstrated by our latest two Bracken wells in the AWP Field, each of which had initial average production that exceeded five thousand barrels of oil equivalent per day. Our results at Fasken and now at AWP clearly demonstrate how our current generation of drilling and completion design is transferable and provides for a competitive technical advantage as we improve field performance,” commented Terry Swift, CEO of Swift Energy.
“Plannedally, our focus in 2015 is to improve our balance sheet and liquidity, and we have already made noteworthy strides in reducing our cost structure. We recently carried out a work force and administrative cost reduction initiative that is aligned with projected spending levels in this lower commodity price environment, projected to yield annual savings of about $15-$20 million. We are also in negotiations with all of our primary suppliers and service companies to reduce various capital and operating cost items and anticipate achieving between 15-30% of cost reductions in numerous areas.
“By focusing our operations in Fasken and our AWP areas in 2015, we will continue to drill projects that provide attractive rates of return at current prices and reduce our development costs by taking advantage of existing infrastructure and operating personnel. These initiatives should place us in an excellent position to weather the current downturn and to efficiently accelerate and take advantage of market opportunities when commodity prices recover.”
Swift Energy Corporation, an independent oil and gas corporation, attains, explores, develops, and operates oil and gas properties. The corporation focuses on the Eagle Ford trend of South Texas, in addition to the onshore and inland waters of Louisiana.
National CineMedia, Inc. (NASDAQ:NCMI)
On Monday, National CineMedia, Inc. (NCMI), said that after a thorough review of options, it has agreed with SV Holdco, LLC and Screenvision, LLC to terminate the Merger Contract signed May 5, 2014, that would have combined NCM and Screenvision. The Corporation is the managing member and owner of 45.8% of National CineMedia, LLC (NCM LLC), the operator of the largest in-theatre digital media network in North America.
In November 2014, the Department of Justice filed suit seeking to block the merger. NCM and Screenvision together determined that the ongoing cost and distraction of the suit to their employees, advertisers and exhibitor partners could no longer be justified and that both companies would be better served pursuing their independent businesses as standalone companies.
NCM’s positive fourth quarter 2014 results were driven largely by growth in national advertising proceed and the success of its upfront strategy and the Corporation entered 2015 with solid momentum. NCM continues to see strong performance in its local and regional business and, at the same time, has made noteworthy progress expanding its national client base. This success in expanding the client base combined with the successful 2014/2015 upfront campaign has resulted in current commitments that represent about 77% of the 2015 national advertising annual budget (as compared to 51% at this time in 2014 of actual 2014 results), indicating that the Corporation’s network is being viewed favorably as marketers evaluate the influence of the changing media landscape.
National CineMedia (NCMI) is the #1 weekend network in America and the largest cinema advertising network reaching moviegoers on-screen, on-site, online and on mobile devices. NCM offers captivating entertainment content, national reach and unparalleled audience engagement across its digital in-theater network of over 20,100 screens in about 1,600 theaters in 183 Designated Market Areas® (49 of the top 50).
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