U.S. stocks finished minimal changed Wednesday as speculators peered toward transactions in the middle of Greece and its universal loan bosses.
Basic materials stocks completed down comprehensively on Wall Street, with the division seeing a general decay of 0.2%. Energy stocks were among the greatest decliners as the cost of oil dropped.
The comprehensive details about few active gainers from basic material sector, amid Thursday’s trade are illustrated as under:
Vaalco Energy Inc. (NYSE:EGY)’s shares inclined 8.19% and led the share to close at $5.68, soon after Vaalco Energy, declared first production from Etame 10-H, the second development well drilled from the newly installed Etame platform, offshore Gabon. The horizontal development well was drilled to a Measured Depth (MD) of 3,144 meters while intersecting over 180m of high quality reservoir within an oil-bearing portion of the Gamba Sand. Following completion operations, the well was tested at the rate of about 3,200 BOPD on a gross basis with negligible amounts of water and no hydrogen sulfide (H2S). The well is presently being produced at about 3,000 BOPD.
Vaalco Energy Inc. (NYSE:EGY), is a Houston based independent energy company principally engaged in the attainment, exploration, development and production of crude oil. VAALCO’s strategy is to raise reserves and production through the exploration and exploitation of oil and natural gas properties with high emphasis on international opportunities.
Shares of Comstock Resources Inc. (NYSE:CRK), jumped nearly 6.34% and closed at $5.37, as Comstock Resources, on February 9, stated financial and operating results for the quarter and year ended December 31, 2014. Comstock stated a loss from ongoing operations of $55.1 million or $1.19 per share for the three months ended December 31, 2014 as contrast to a loss from ongoing operations of $36.6 million or 80¢ per share for the three months ended December 31, 2013. The loss in the fourth quarter of 2014 was primarily attributable to certain unusual items, counting impairments of oil and gas properties and unevaluated leases and exploratory dry hole costs of $60.9 million ($39.5 million after tax or 85¢ per share), drilling rig termination fees of $6.7 million ($4.4 million after tax or 9¢ per share) and an unrealized loss from derivative financial instruments of $3.9 million ($2.5 million after tax or 6¢ per share). Results for the fourth quarter of 2013 comprised of a loss on early retirement of debt of $17.9 million ($11.6 million after tax or 25¢ per share), impairment of unevaluated leases of $18.1 million ($11.8 million after tax or 26¢ per share) and an unrealized gain from derivative financial instruments of $1.3 million ($0.8 million after tax or 2¢ per share). Not including these items, the net loss would have been $8.7 million (19¢ per share) in 2014`s fourth quarter and $14.0 million (31¢ per share) in 2013.
Comstock Resources Inc. (NYSE:CRK), an independent energy company, 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. The company owns interests in about 1,535 producing oil and natural gas wells.
FMC Technologies, Inc. (NYSE:FTI), surged 5.14% to close at $40.92, as FMC Technologies, stated fourth quarter 2014 proceed of $2.2 billion, up 5 percent from the preceding-year quarter. Diluted earnings per share were $0.72. The quarterly earnings comprised of a pre-tax $24.9 million charge, or $0.07 per diluted share, related to costs associated with actions taken to de-risk our U.S. defined benefit pension plan and a $25.5 million foreign currency loss, or $0.09 per diluted share, due to the further strengthening of the U.S. dollar. Total inbound orders were $2.3 billion and comprised of $1.7 billion in Subsea Technologies orders. Backlog for the Company was $6.6 billion, counting Subsea Technologies backlog of $5.8 billion.
FMC Technologies, Inc. (NYSE:FTI), is the global market leader in subsea systems and a leading provider of technologies and services to the oil and gas industry. The company assist their customers overcome their most difficult challenges, such as improving shale operations and subsea production performance to reduce cost, maintain uptime, and maximize oil and gas recovery.
Shares of the The Mosaic Company (NYSE:MOS), gained 0.81% & closed at $51.19, hitting new 52-week low of $52.17, following the news regarding release of company’s fourth quarter and full-year 2014 results.
The Mosaic Company, stated fourth quarter 2014 net earnings of $361 million, contrast to $129 million in the fourth quarter of 2013. Earnings per diluted share were $0.97 in the quarter contrast to $0.30 last year. Notable items positively influenced earnings per share by $0.10, counting a discrete tax benefit. Mosaic’s net sales in the fourth quarter of 2014 were $2.4 billion, up from $2.2 billion last year. Operating earnings during the quarter were $365 million, up from $179 million a year ago, driven by higher prices in the Phosphates segment, and higher sales volumes combined with lower operating costs in the Potash segment.
The Mosaic Company (NYSE:MOS), is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. Mosaic is a single source provider of phosphate and potash fertilizers and feed ingredients for the global agriculture industry.
Sigma-Aldrich Corporation (NASDAQ:SIAL), mounted 0.07% to close at $138.19, hitting new 52-week high of $138.30. Sigma-Aldrich’s volatility for the week is 0.21%, while for the month remained 0.30%. With recent incline, the year-to-date (YTD) performance reflected a 0.67% incline below last year. During the past month the stock gained 0.71%, bringing three-month performance to 1.93% and six-month performance to 36.47%.
Sigma-Aldrich Corporation, (NASDAQ:SIAL), reported this morning, record full year and Q4 2014 results. A leading Life Science and Technology company, stated sales for the fourth quarter of 2014 were $705 million, a 3% raise from the same quarter in 2013. Organic sales growth in the quarter was 7%. Attainments and divestitures raised sales by 1% in the quarter, and changes in foreign currency exchange rates reduced sales by 5%, while for the full-year 2014, stated sales were $2.79 billion, a 3% raise from full-year 2013. Organic sales growth was 4%, and changes in foreign currency exchange rates reduced sales by 1%.
Sigma-Aldrich Corporation, (NASDAQ:SIAL), headquartered in St. Louis, Missouri, is a leading Life Science and Technology company whose biochemical and organic chemical products, kits and services are used in scientific research, counting genomic and proteomic research, biotechnology, pharmaceutical development, the diagnosis of disease and as key components in pharmaceutical, diagnostics and high technology manufacturing.
