Momentum Stocks At Basic Material- BP, SD, MCP, ANR, HAL

  on Nov 12,2012 Posted in Business News ,Featured
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British oil giant BP plc (NYSE:BP) declared on Friday that it has awarded a agreement to a joint venture run by Petrofac Limited and China Petroleum Engineering & Construction Corporation (CPECC).

The 3 year contract which came into consequence at the start of current month covers inspection, maintenance and fix works of degassing stations, rotating machinery and cluster pumping stations at the Rumaila oil field in Southern Iraq. The contract is worth $229M to the joint venture, with Petrofac receiving about $160M.

In last trading session, BP plc (ADR) (NYSE:BP) jumped +0.07% and closed at $40.84 with the total traded volume of 4.23 million shares. BP has market capitalization of $12970 billion.
BP has earnings per share of $5.51 with the net profit margin of 4.70%. Its price to earnings ratio ended at 7.41.

SandRidge Energy Inc. (NYSE:SD) shares plunged as its executives on Friday morning seemed to soothe investors fairly.
The Oklahoma City energy producer’s shares plunged 20 percent in early trading Friday after the company announced mixed third-quarter results and surprised investors by declareing plans to sell its Permian Basin oil fields Thursday evening. The stock has rebounded some, currently trading 9 percent lower to $5.55

In last trading session, SandRidge Energy Inc. (NYSE:SD) moved down -9.67% to close at $5.51 and its overall volume during last trading session was 76.72 million shares. Its opening price was $5.68 while its shares hit the day high price of $5.98 and day low of $4.81.

The owner of the biggest rare-earth deposit outside of China Molycorp Inc (NYSE:MCP), declared that it’s being investigated by the U.S. SEC over the accuracy of the firm’s public disclosures.
Molycorp has plunged 67% this year following a plunge in prices for rare earths, a group of 17 chemically similar elements utilized in wind turbines and hybrid cars.

Molycorp Inc (NYSE:MCP) reported the fall of -13.59% with the closing price of $7.50. The overall volume in the last trading session was 26.20 million shares. The total market capitalization remained $825.59 million.

MCP last month’s price volatility remained 6.28%. Company’s current year earnings per share grew with 254.95%.

The price of Alpha Natural Resources, Inc. (NYSE:ANR) moved down -1.84% and finished the day at $8.00 on below average volume. The day started out with a lower opening price of $7.97 versus prior close of $8.15. The total number of shares traded on the latest trading day was about 24.04 million shares, and changed hands at average prices of $7.82 to $8.43 apiece. The shares declined about -60.84% since the start of 2012 and has a 10.34% gain in last three months. Narrowing down the performance period, the stock rose 9.89% for the month and a -11.70% fall over the week.

Halliburton Company (NYSE:HAL) with a 0.26% gain to $30.56 in the latest trading session has changed its distance from 200-Day Moving Average to -7.36% and 50-Day Moving Average to -10.11%. It captures $28.36 billion in market value. The mean rating 2.00 is set by analysts. The company is projected to report $0.62 per share for the quarter ending Dec-12 as compared to $1.11 earned a year earlier, according to 30 analysts surveyed by Reuters. The average EPS forecast of 34 analysts for the full-year is $2.99, down as compared to $4.08 earned a year ago.



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