Basic Materials Roundup: Alcoa (NYSE:AA) Taking Part in Employing Military Troupers, Dril-Quip (NYSE:DRQ) Falls behind Zacks Target

  on Nov 14,2012 Posted in Business News ,Featured
Share |
We're on   

Alcoa (NYSE:AA) took part in a venture together with other huge businesses through which to train and employ more military experts. An update on advancement has seemed in The Military Times (via USA Today), that signals an original goal of employing 15,000 experts for manufacturing jobs should all go as planned.

Alcoa Inc. (NYSE:AA) moved down -1.42% with the closing price of $8.31. The overall volume in the last trading session was 11.12 million shares. Its fifty two week range was $7.97-$10.92. The total market capitalization remained $8.87 billion.

AA is ahead of its 52 week low with 5.05% and its last month’s price volatility remained 2.33%. Its beta coefficient was 2.05 with a target price of $10.44. AA has institutional ownership remained 59.60%. Company’s current year earnings per share grew with 112.94% while the five years EPS growth rate was -26.24%.

Dril-Quip Inc. (DRQ) has announced third-quarter 2012 earnings of 73 cents a share, which were short of Zacks Consensus Estimate by a penny. Though, the quarterly earnings hiked nearly 26% from the last year same quarter profit level of 58 cents.

The hike was mostly supported by growth in product and service revenues as demand for offshore equipment jumped up.

In last trading session, Dril-Quip, Inc. (NYSE:DRQ) reported the loss of -1.27% to close at $67.60 and its overall traded volume was 227,288.00 shares, lower than the average volume of 230,911.00.

DRQ has earnings per share of $2.88 with the net profit margin of 16.25% and operating margin of 21.91%.

After the declaration of a dry Kutno-2 well, Brean Capital declined their price target on FX Energy Inc.(NASDAQ:FXEN). The firm kept their Buy rating formed on upcoming drilling catalysts which could include almost $6 a share to their net asset value assuming a low prospect of success.

FX Energy, Inc.(NASDAQ:FXEN) fell -1.51% and closed at $4.27 in last trading session. The overall traded volume was 355,824.00 shares. Stock’s52 weeks high price was $8.77 and 52 weeks low price was $4.24.
In its share capital FXEN has 52.93 million outstanding shares while 51.09 million shares have been floated in market. Company’s current year earnings per share dropped with -3148.48%.

Shares of Weatherford International Ltd (NYSE:WFT) traded in a range of $9.02 to $9.94, completing the day down $1.73, or -15.90% to $9.15. The total volume of shares exchanged was 63.36 million. The stock was at -37.50% as on Nov 13, 2012 for this year as compared to -41.42% in the last 12 months. The company established a 52-week high of $18.33 on Feb 09, 2012 and is now 50.08% down than that level.

AK Steel Holding Corporation (NYSE:AKS) has now dropped about -55.85% from its record high price level, and has dropped by -46.68% for this year. It closed at $4.50, trading -29.04% below its 200 day moving average and -16.41% below its 20 day moving average. Latest close brings its distance from its 52-week low at +1.35%. The stock has a market value is $497.84M.



Leave a Reply