Shares of United States Steel Corporation (NYSE:X) and AK Steel Holding Corp. (AKS) dropped Wednesday after a federal trade investigation determined that a major importer will avoid additional tariffs, a finding that puts pressure on the domestic steelmakers. The U.S. Department of Commerce on Tuesday disclosed preliminary findings on its investigation into potential dumping of tubular steel product imports from a handful of countries. United States Steel Corporation (NYSE:X) stock opened at $25.18 in last trading session, and closed at $24.86, trading in the range of $24.56 – $25.40. The stock showed a positive/negative weekly performance of -4.86%.
AK Steel Holding Corp. (NYSE:AKS) has received a consensus recommendation of “Hold” from the fourteen analysts that are covering the stock, Stock Ratings Network.com reports. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $5.67. AK Steel Holding Corporation (NYSE:AKS) shares closed at $6.50 on last trade day, by gaining -5.11%. Stock 52 week range is $2.76 – $8.47. Company’s market capitalization is $886.47 million.
Allied Nevada Gold Corp. (NYSE:ANV) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Thursday, Analyst Ratings News reports. The firm currently has a $4.80 price objective on the stock. Allied Nevada Gold Corp. (NYSEMKT:ANV) stock decreased -7.06% and finished the last session at $5.40. The EPS of the stock remained 5.40. Company’s market capitalization is $561.83 billion.
Goodrich Petroleum Corporation (NYSE:GDP) announced financial and operating results for the year and fourth quarter ended December 31, 2013. Revenues totaled $50.6 million in the quarter versus $48.2 million in the prior year period. Average realized price per unit was $6.81 per Mcfe in the quarter versus $7.24 per Mcfe in the prior year period. Production totaled 7.4 billion cubic feet equivalent (“Bcfe”) in the quarter, or an average of 80,800 Mcfe per day, versus 6.6 Bcfe, or an average of 71,800 Mcfe per day in the prior year period. Oil production totaled 364,000 barrels of oil in the quarter, or an average of approximately 3,950 barrels per day, versus 329,000 barrels of oil, or an average of approximately 3,580 barrels per day, in the prior year period. Goodrich Petroleum Corporation (NYSE:GDP) stock opened at $16.23 in last trading session and closed at $15.29. The 52 week range of the stock is $11.16 – $28.55 and the day range was $14.93 – $16.33.
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