Energy Sector Looses Pace as Noble Energy (NYSE:NBL) Gives Disappointed Results for Deepwater-Oil Wells
Energy stocks ran out of gas on Tuesday, with Noble Energy Inc. (NBL) ending as the top laggard on the S&P 500 Index as the firm announced varied results for new oil wells.
The company reported that it made a deepwater-oil discovery in the Big Bend zone in the Gulf of Mexico.
While a well off the Falkland Islands, gave back a low-quality reservoir and is to be left, it further stated.
Noble Energy, Inc. (NYSE:NBL) reported the loss of -0.48% and closed at $96.19 with the total traded volume of 1.01 million shares. NBL has trailing twelve months’ earnings per share of $177.89 and its price to earnings ratio stands at 44.97.
McMoRan Exploration Co. (NYSE:MMR) shares were trading down on second day of week. Testing in its ultradeep Davy Jones well in the start of this week did not give a considerable flow.
Mcmoran Exploration Co (NYSE:MMR) shares moved down 15.23% to close at $8.18 and its total traded volume during last trading session was 34.03 million shares.
MMR has market capitalization of $1.32 billion and its beta value stands at 1.38 times. MMR has current ratio of 0.91 and its debt-to-equity ratio was 0.35.
Shares of Cameron International Corp. (NYSE:CAM) plunged after the company declared on Monday its first fully drill-ship package agreement with a shipbuilder in South Korea, which was a “clear positive” for the firm, as per reported by the experts at Tudor.
Cameron International Corporation (NYSE:CAM) plunged -1.29% with the closing price of $52.99. The overall volume in the last trading session was 1.08 million shares. Its fifty two week range was $38.38-$60.00. The total market capitalization remained $13.07 billion.
In its share capital CAM has 246.71 million outstanding shares while 243.74 million shares have been floated in market. CAM has insider ownership of 0.87% with its institutional ownership remained 96.62%. Company’s current year earnings per share dropped with -7.92% while the five years EPS growth rate was +9.05%.
Nexen Inc. (USA) (NYSE:NXY) with a -2.30% fall to $24.20 in the latest trading session has changed its distance from 200-Day Moving Average to +15.22% and 50-Day Moving Average to -3.19%. It captures $12.83 billion in market value. The mean rating 3.00 is set by analysts. The company is projected to report $0.38 per share for the quarter ending Dec-12 as compared to $0.64 earned a year earlier, according to 8 analysts surveyed by Reuters. The average EPS forecast of 16 analysts for the full-year is $0.99, down as compared to $2.00 earned a year ago.
Arch Coal Inc (NYSE:ACI)’s shares touched a high of $6.53 before closing at $6.37, a decrease of $0.04. The trading volume was 13.52 million shares. Since hitting a 52-week low of $5.16 on Jul 26, 2012, the stock has managed to stay 24.16% higher from that level. The latest decline caused shares to increase their 2012 loss to -55.33%.