During Wednesday’s trade, following is the summary for basic material sector:
- FMC Technologies, Inc (NYSE:FTI), was the top gainer of the basic materials sector for the last trading session, and added 5.14% to the share.
- Jones Energy, Inc. (NYSE:JONE), was among the top loser of the sector, losing -11.12% from the share, and closed at $10.07.
- Mosaic Co (NYSE:MOS), lately hits new 52-week high of $52.17, and settled at $51.19, and will release their earning report, before the market close today.
- Midstates Petroleum Company (NYSE:MPO), lately hits new 52-week low of $0.96, and settled at $1.01.
- SandRidge Energy Inc (NYSE:SD), was the most volatile stock in the meantime, and it remained 18.14% volatile for the week and 12.38% for the month.
- Alcoa Inc (NYSE:AA), was the most active stock for the session, and gained volume of 27.61M.
Insights about some real losers from basic material segment, amid Thursday’s exchange are depicted underneath:
Jones Energy, Inc. (NYSE:JONE), traded in a 52-week range of $9.29 to $20.79, with shares dropped -11.12% at $10.07, soon after Jones Energy, declared recently that it has priced a registered direct offering of Class A ordinary stock with Magnetar Capital and associates of GSO Capital Partners LP (“GSO”), the credit platform of The Blackstone Group L.P. (BX), for gross proceeds of about $50 million. Under the terms of the offering, Jones Energy will sell 4,761,905 shares of its Class A ordinary stock at a price of $10.50 per share. The offering is predictable to close on February 23, 2015, subject to the satisfaction of customary closing conditions. The Company anticipates to use the net proceeds from the private placements to repay borrowings under its revolving credit facility.
Jones Energy, Inc. (NYSE:JONE), is an independent oil and natural gas company engaged in the development and attainment of oil and natural gas properties in the Anadarko and Arkoma basins of Texas and Oklahoma.
Key Energy Services Inc. (NYSE:KEG), declined -8.11% and settled at $2.04, following the news that Key Energy Services, will report fourth quarter and full-year 2014 financial results after market close on Wednesday, February 18, 2015, and Key administration will host a conference call to talk about these results on Thursday, February 19, 2015 at 10:00 a.m. CST.
Key Energy Services Inc. (NYSE:KEG), is the largest onshore, rig-based well servicing contractor based on the number of rigs owned. Key provides a complete range of well intervention services and has operations in all major onshore oil and gas producing regions of the continental United States and internationally in Mexico, Colombia, Ecuador, the Middle East and Russia.
Breitburn Energy Partners L.P. (NASDAQ:BBEP), dipped nearly -5.18% to $7.32, as Breitburn Energy, on January 27, declared a cash distribution of $0.0833 per ordinary unit for the second month attributable to the fourth quarter of 2014, payable on February 13, 2015, to record holders of its ordinary units at the close of business on February 9, 2015. This monthly distribution is equal to a distribution of $1.00 per ordinary unit on an annualized basis.
Breitburn Energy Partners L.P. (NASDAQ:BBEP), is a publicly traded independent oil and gas master limited partnership focused on the attainment, development, and production of oil and gas properties throughout the United States. Breitburn’s producing and non-producing crude oil and natural gas reserves are located in the following seven producing areas: the Permian Basin, Michigan/Indiana/Kentucky, Ark-La-Tex, the Mid-continent, the Rockies, Florida, and California.
Linn Co, LLC (NASDAQ:LNCO), showed a negative movement of -5.04% to end at $12.06, as Linn Co, declared that the Fort Worth Regional Office of the Securities and Exchange Commission has formally notified LINN that the SEC has closed its inquiry and does not intend to recommend any enforcement action against the Company. On July 1, 2013, LINN and LinnCo voluntarily revealed the SEC’s informal inquiry. LINN and LinnCo cooperated fully with the SEC during its inquiry.
Linn Co, LLC (NASDAQ:LNCO), was created to enhance LINN Energy’s ability to raise additional equity capital to execute on its attainment and growth strategy. LinnCo is a Delaware limited liability company that has elected to be taxed as a corporation for United States federal revenue tax purposes, and accordingly its shareholders will receive a Form 1099 in respect of any dividends paid by LinnCo.
