Gold and different valuable metals climbed as dealers looked at the dollar, which sank Wednesday after Federal Reserve Chair Janet Yellen indicated the national bank was in no hustle to raise US premium rates.

The valuable metal additionally won backing from its status as a sanctuary in times of geopolitical and economic vulnerability.

Insights about those basic material sector stocks that landed in the red-zone during Friday’s trade, are depicted underneath:

Hercules Offshore, Inc. (NASDAQ:HERO)’s shares plunged -38.27%, and closed at $0.450, hitting new 52-week low of $0.45, during the last trading session, soon after the news release that a shallow water drilling and marine services provider, declared that it has received a notice from Saudi Aramco terminating its drilling contract for the Hercules 261, effective March 27, 2015. The Company is in the process of seeking a basis for ongoing the Hercules 261 contract. As formerly revealed, the Company has been in discussions with Saudi Aramco about a possible rate reduction on the Hercules 262 and Hercules 266. The Company has not received a notice of termination from Saudi Aramco with respect to these rigs.

Hercules Offshore, Inc. (NASDAQ:HERO), operates a fleet of 33 jackup rigs, counting one rig under construction, and 24 liftboats. The Company offers a range of services to oil and gas producers to meet their needs during drilling, well service, platform inspection, maintenance, and decommissioning operations in several key shallow water provinces around the world.

Helix Energy Solutions Group, Inc. (NYSE:HLX), dwindled -3.02%, and closed at $15.44, hitting new 52-week low of $15.23, soon after an international offshore energy company that provides specialty services to the offshore energy industry, with a focus on well intervention and robotics operations, declared that it has reached an contract with BP Exploration & Production to amend their existing 2013 contract for the Q5000 to provide well intervention services in the U.S. Gulf of Mexico to defer the commencement of the work, formerly planned to start in the third quarter of 2015, to April 1, 2016. The amendment also contains certain other agreed upon modifications to the original contract, and gives Helix greater flexibility to market the vessel to other potential customers, counting preceding to the commencement of the work for BP. The overall contract period remains at five years (with options to renew) with a minimum of 270 days annually.

“We are glad that we were able to work together with an important customer and reach a mutually agreeable solution to address the current industry environment. Our expectations are that the vessel will be accomplished over the next two months, then set sail for the Gulf of Mexico to get ready for BP or perhaps other customers preceding to going to BP,” said Helix President and Chief Executive Officer Owen Kratz.

Helix Energy Solutions Group, Inc. (NYSE:HLX), headquartered in Houston, Texas, is an international offshore energy company that provides specialty services to the offshore energy industry, with a focus on well intervention and robotics operations.

NOW Inc (NYSE:DNOW), declined -0.47%, and closed at $21.25, hitting new 52-week low of $21.03, following the news release that a distributor to the oil and gas industry, on February 23, stated that for its fourth quarter ended December 31, 2014 it earned net revenue of $16 million, or $0.14 per fully diluted share. Proceed stated for the full year 2014 was $4,105 million, and net revenue was $116 million, or $1.06 per fully diluted share.

Proceed for the fourth quarter reduced 6.0 percent sequentially to $1,006 million. Earnings before interest, taxes, depreciation and amortization (“EBITDA”) for the fourth quarter of 2014 was $31 million or 3.1% of sales.

United States:

Fourth quarter proceed for the United States was $679 million, a decrease of 9.2 percent from the third quarter of 2014 and an raise of 0.4 percent from the fourth quarter of 2013. The sequential proceed decrease resulted from normal seasonal decline paired with negative customer outlook as oil prices dropped sharply in the period.

Canada:

Fourth quarter proceed for Canada was $180 million, an raise of 4.0 percent from the third quarter of 2014 and a decrease of 7.7 percent from the fourth quarter of 2013. The raise in sequential proceed was driven by the seasonal uptick in the market in addition to further realization of benefits related to the ERP consolidation.

International:

Fourth quarter proceed for the International segment was $147 million, a decrease of 1.3 percent from the third quarter of 2014 and a decrease of 13.5 percent from the fourth quarter of 2013. Sequential proceed grew strongly in the Middle East, but was offset by reduced export shipments as drilling contractors eased spending in the quarter.

NOW Inc. (DNOW) is one of the largest distributors to energy and industrial markets on a worldwide basis, with a legacy of over 150 years. NOW Inc. operates primarily under the Distribution NOW and Wilson Export brands. Through its network of over 300 locations and about 5,000 employees worldwide, NOW Inc. offers a comprehensive line of products and solutions for the upstream, midstream and downstream energy and industrial sectors.

Tidewater Inc. (NYSE:TDW), dropped -0.67%, and closed at $28.20, hitting new 52-week low of $27.78, as an offshore service vessels and marine support services provider, formerly on February 9, declared a third quarter net loss for the period ended December 31, 2014, of $160.7 million, or $3.31 per ordinary share, on proceeds of $387.6 million. Comprised of in the current fiscal quarter’s net loss is a non-cash goodwill impairment charge of $283.7 million ($214.9 million after tax, or $4.43 per share) resulting from the Company’s annual goodwill impairment assessment. This period’s goodwill impairment assessment took into account the noteworthy recent reductions in oil and natural gas prices, the predictable influence that a continuation of these lower oil and natural gas prices will have on levels of exploration and production spending by our customers globally, and the resulting predictable negative influence that lower customer spending levels will have on future average day rates and utilization of the company’s vessels.

For the same quarter last year, net earnings were $12.6 million, or $0.25 per ordinary share, on proceeds of $365.2 million. Comprised of in the preceding fiscal year’s net earnings for the quarter ended December 31, 2013 was a non-cash goodwill impairment charge of $56.3 million ($43.4 million after tax, or $0.87 per share) resulting from the Company’s annual goodwill assessment performed during that quarter. As a result of the general reduction in the level of business in the Company’s Asia/Pacific region last year, the entire amount of goodwill formerly allocated to the Asia/Pacific region was impaired during the December 2013 quarter. The right away preceding quarter ended September 30, 2014, had net earnings of $60.9 million, or $1.22 per ordinary share, on proceeds of $397.5 million.

Tidewater Inc. (NYSE:TDW), provides offshore service vessels and marine support services to the global offshore energy industry through the operation of a fleet of marine service vessels. The Company operates through four segments: Americas, Asia/Pacific, Middle East/North Africa, and Sub-Saharan Africa/Europe. The Company’s vessels and associated vessel services provide support for all phases of offshore exploration, field development and production.