On Monday, Following U.S. Stocks were among the “Top Losers”: CARBO Ceramics Inc. (NYSE:CRR), Halcon Resources Corp(NYSE:HK), Alpha Natural Resources, Inc. (NYSE:ANR), C&J Energy Services Inc (NYSE:CJES)
CARBO Ceramics Inc. (NYSE:CRR), with shares declined –6.10%, closed at $32.61.
Halcon Resources Corp(NYSE:HK), with shares dropped -6.06%, settled at $1.55.
Alpha Natural Resources, Inc. (NYSE:ANR), with shares dipped -5.63%, and closed at $0.856.
C&J Energy Services Inc (NYSE:CJES) , plummeted -5.76%, and closed at $10.96.
Latest NEWS regarding these Stocks are depicted underneath:
CARBO Ceramics Inc. (NYSE:CRR)
On Monday, CARBO Ceramics Inc. (CRR), filed SEC form 8-K, Entry into a Material Definitive Contract, Financial Statements and Exhibits.
Formerly on March 10, an oilfield services technology corporation providing industry-leading products and services, declared that it has decided to mothball its proppant manufacturing facility in McIntyre, Georgia.
CARBO Ceramics Inc., an oilfield services technology corporation, manufactures and sells ceramic proppants, resin-coated ceramic, and resin-coated sand proppants for use in the hydraulic fracturing of natural gas and oil wells in the United States and internationally.
Halcón Resources Corporation (NYSE:HK)
According to Zacks Equity research report, Halcón Resources Corporation (HK), stock is dropping and it has witnessed a noteworthy price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #4 (Sell) further confirms weakness in HK.
A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen 7 estimates moving down in the past 30 days, contrast with just 1 upward revisions. This trend has caused the consensus estimate to trend lower, going from break-even a share a month ago to its current level of a loss of 3 cents.
Also, for the current quarter, Halcón Resources has seen 4 downward estimate revisions as compared to no revisions in the opposite direction, dragging the consensus estimate down to a loss of a penny a share from break-even over the past 30 days.
The stock also has seen some pretty dismal trading lately, as the share price has dropped 25% in the past month.
Halcón Resources Corporation, an independent energy corporation, is engaged in the attainment, production, exploration, and development of onshore oil and natural gas properties in the United States. The corporation primarily holds interests the Bakken/Three Forks Formations comprising about 129,000 net acres of area in North Dakota; and East Texas Eagle Ford Formations covering about 101,000 acres of area in Brazos, Burleson, and Robertson counties.
Alpha Natural Resources, Inc. (NYSE:ANR)
A miner at Alpha Natural Resources, Inc. (ANR), associated Paramont Coal Corporation has suffered a fatal injury at Deep Mine 41 near McClure, Virginia.
David Brummitte, 34, of Pound, Virginia was found around 5:10 a.m. Monday. Brummitte was treated at the scene and then transported to the Dickenson Community Hospital in Clintwood, Virginia. He was pronounced dead at about 7:45 a.m.
David Brummitte had worked for Paramont Coal Corporation for two years at Deep Mine 41. Mr. Brummitte was a certified workplace examiner, and preliminary information suggests that he was conducting a pre-shift exam when he was struck by rock sloughing off the mine wall.
Alpha Chairman and CEO Kevin Crutchfield said, “Our thoughts and prayers are with David’s family. Words cannot express how deeply saddened our corporation and community are by this tragic event.”
Paramont Coal Corporation representatives and state and federal investigators are presently securing the area to complete the accident investigation.
Alpha Natural Resources, Inc., together with its auxiliaries, engages in extracting, processing, and marketing steam and metallurgical coal in Kentucky, Pennsylvania, Virginia, West Virginia, and Wyoming. Consistent with its Running Right process, Alpha is committed to being a leader in mine safety and an environmental steward in the communities where its associates operate.
C&J Energy Services, Inc. (NYSE:CJES)
According to Bloomberg report, C&J Energy Services, Inc. (CJES), is deepening the discount offered to investors to buy its $1.06 billion loan as plunging prices leaves energy companies struggling to attract financing.
The oilfield services corporation, which is seeking the financing to buy a unit of Nabors Industries Ltd., is offering to sell a $575 million loan at 86 cents or 87 cents on the dollar and a $485 million portion for as little as 84 cents, according to a person with knowledge of the matter, who asked not to be identified because the terms are private. That’s the biggest discount offered on a loan since Proserv Group Inc., also an oilfield servicer, sold part of its bank debt at 79 cents, according to data compiled by Bloomberg.
Tom Johnson, a spokesman for C&J Energy who works at Abernathy MacGregor, didn’t right away comment.
Formerly on March 6, C&J Energy Services, Inc. (CJES) declared that it has revised the debt structure to finance the projected combination of C&J with the completion and production services business of Nabors Industries Ltd. (NBR). At the time of signing the definitive contract for the Projected Transaction, C&J had obtained commitments from certain financial institutions to provide debt financing in an amount sufficient to fund the cash portion of the consideration to be paid to Nabors at the closing of the Projected Transaction. The Projected Transaction remains fully financed under the revised debt structure and is predictable to close by the end of March 2015, subject to approval by C&J stockholders and other customary closing conditions.
C&J Energy Services, Inc. provides hydraulic fracturing, coiled tubing, cased-hole wireline, pumpdown, and other complementary services to oil and natural gas exploration and production companies in the United States.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
