On Friday, Following Stocks were among the “Top 100 Losers” of U.S. Stock Market: C&J Energy Services Ltd. (NYSE:CJES), Gevo, Inc. (NASDAQ:GEVO), Basic Energy Services, Inc. (NYSE:BAS), Comstock Resources Inc. (NYSE:CRK)
C&J Energy Services Ltd. (NYSE:CJES), with shares declined -7.60%, closed at $11.92.
Gevo, Inc. (NASDAQ:GEVO), with shares dropped -7.06%, settled at $0.250.
Basic Energy Services, Inc. (NYSE:BAS), with shares dipped -2.82%, and closed at $6.89.
Comstock Resources Inc. (NYSE:CRK), plummeted -7.07%, and closed at $3.42.
Latest NEWS regarding these Stocks are depicted underneath:
C&J Energy Services Ltd. (NYSE:CJES)
S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices:
Echo Global Logistics Inc. (ECHO) will replace C&J Energy Services, Inc. (CJES) in the S&P SmallCap 600 after the close of trading on Wednesday, April 1. C&J Energy Services is merging with certain assets of S&P 500 constituent Nabors Industries Ltd. (NBR) in a transaction that will result in C&J’s public float dropping well below the 50% threshold needed for continued inclusion in the index.
C&J Energy Services, Ltd. provides well construction, well completions, and well services to the oil and gas industry in North America. The corporation’s Completion Services segment offers stimulation services, counting fracturing and acidizing to enhance the flow of oil and natural gas from producing zones; cementing services; down-hole surveying services; and coiled tubing services.
Gevo, Inc. (NASDAQ:GEVO)
Gevo, Inc. (GEVO), declared its financial results for the three months ended December 31, 2014 and offered an update on recent corporate highlights.
- Reported EPS of ($0.11) for the fourth quarter.
- Ended the fourth quarter with cash and cash equivalents of $6.4 million.
- In February 2015, closed an offering of ordinary stock units representing gross proceeds of $6.65 million; have subsequently received an additional $2.0 million of gross proceeds through the exercise of warrants associated with this offering.
- Proceed in fourth quarter 2014 was $9.5 million, as contrast to $1.7 million for the same quarter in 2013.
- Met milestone of producing greater than fifty thousand gallons of isobutanol in one month at Luverne in December 2014.
- Achievements and data at Luverne support the acceleration of Gevo’s isobutanol licensing program.
- Luverne focus switched to the maximization of plant-level cash flows, while ongoing to seed key isobutanol markets in chemicals and fuels.
- Introduced new ethanol-to-hydrocarbons technology which could provide the ethanol industry a much broader set of end-product market and margin opportunities.
Gevo, Inc., a renewable chemicals and biofuels corporation, focuses primarily on the production and sale of isobutanol and related products from renewable feedstocks. Isobutanol is a four-carbon alcohol, which is used as a specialty chemical in the production of solvents, paints, and coatings or as a value-added gasoline blendstock.
Basic Energy Services, Inc. (NYSE:BAS)
Basic Energy Services, Inc. (BAS), declared it will release its first quarter 2015 financial results after the market closes on Thursday, April 23, 2015. In conjunction with the release, Basic has planned a conference call that will be broadcast live over the Internet on Friday, April 24, 2015, starting at 9:00 a.m. Eastern Time (8:00 a.m. Central Time).
Basic Energy Services, Inc. provides well site services to oil and natural gas drilling and producing companies in the United States. Its Completion and Remedial Services segment offers pumping services, such as cementing, acidizing, fracturing, nitrogen, and pressure testing; rental and fishing tools; coiled tubing; snubbing services; thru-tubing; cased-hole wireline services; and underbalanced drilling in low pressure and fluid sensitive reservoirs.
Comstock Resources Inc. (NYSE:CRK)
Formerly on March 23, Comstock Resources Inc. (CRK), declared that it will reduce its 2015 capital spending plan by about 22% to $248 million, a savings of over $69 million as compared to its formerly declared budget on December 18, 2014. Comstock is also increasing capital allocated toward the Haynesville shale refrac program. The Corporation now plans to spend $23 million on 14 Haynesville refracs. There are no other noteworthychanges to the 2015 capital program. The Corporation will incur a $2.4 million early termination fee on the released rig.
Comstock Resources, Inc., an independent energy corporation, attains, develops, explores, and produces oil and natural gas properties in the United States. Its oil and gas operations are primarily located in East Texas/North Louisiana and South Texas.
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