Basic Material News: The Dow Chemical Company (NYSE:DOW), Cheniere Energy (NYSEMKT: LNG), Spectra Energy (NYSE:SE), Diamondback Energy Inc (NASDAQ:FANG), Halliburton Company (NYSE:HAL)

The Dow Chemical Company (NYSE:DOW) expressed its delight at the Department of Energy’s proposal which stated that it will modify its liquefied natural gas export review process. DOE proposed modification of its procedure for reviewing applications to export liquefied natural gas to countries that have not participated in any free trade agreements with the U.S. The Dow Chemical Company (NYSE:DOW) net profit margin is 8.40% and weekly performance is 3.61%. On last trading day company shares ended up $52.51. Analysts mean target price for the company is $52.94 The Dow Chemical Company (NYSE:DOW) distance from 50-day simple moving average (SMA50) is 6.61%.

Cheniere Energy, Inc. (NYSEMKT:LNG) provided notice that it has decided to postpone the 2014 Annual Meeting of Stockholders of the Company, scheduled to be held at 9:00 a.m., Central Daylight Time, on Thursday, June 12, 2014, in light of a complaint that has been filed in the Delaware Court of Chancery of the State of Delaware styled Jones v. Souki, et al., C.A. No. 9710-VCL (Del. Ch.) and plaintiff’s request to expedite proceedings before the June 12th Annual Meeting. Cheniere Energy, Inc. (NYSEMKT:LNG) shares advanced 0.57% in last trading session and ended the day on $68.50. LNG Gross Margin is 67.40% and its return on assets is -5.40%. Cheniere Energy, Inc. (NYSEMKT:LNG) quarterly performance is 39.06%.

On 15 MAY Spectra Energy Corp. (NYSE:SE) reported $0.62 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.66 by $0.04. The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter last year, the company posted $0.51 earnings per share. Spectra Energy Corp.’s revenue was up 16.0% compared to the same quarter last year. On average, analysts predict that Spectra Energy Corp. will post $1.55 earnings per share for the current fiscal year. Spectra Energy Corp. (NYSE:SE) shares moved up 1.75% in last trading session and was closed at $41.29, while trading in range of $40.72 – $41.35. Spectra Energy Corp. (NYSE:SE) year to date (YTD) performance is 17.97%.

On 30 MAY Diamondback Energy Inc (NASDAQ:FANG) reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by $0.03. The company had revenue of $98.00 million for the quarter, compared to the consensus estimate of $98.87 million. During the same quarter in the previous year, the company posted $0.12 earnings per share. The company’s revenue for the quarter was up 239.1% on a year-over-year basis. Analysts expect that Diamondback Energy will post $2.77 EPS for the current fiscal year. Diamondback Energy Inc (NASDAQ:FANG) ended the last trading day at $76.11. Company weekly volatility is calculated as 3.97% and price to cash ratio as 152.79. Diamondback Energy Inc (NASDAQ:FANG) showed a positive weekly performance of 4.58%.

On 30 May Halliburton Company (NYSE:HAL) declared a quarterly dividend, which is scheduled for Wednesday, June 25th. Stockholders of record on Wednesday, June 4th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.93%. Halliburton Company (NYSE:HAL) net profit margin is 9.30% and weekly performance is 1.56%. On last trading day company shares ended up $65.01. Analysts mean target price for the company is $74.29. Halliburton Company (NYSE:HAL) distance from 50-day simple moving average (SMA50) is 5.58%.

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