Oil & Gas Equipment & Services: Recon (NASDAQ:RCON), Andatee China (NASDAQ:AMCF), Forbes Energy Services (NASDAQ:FES), Infinity Energy Resources (OTCMKTS:IFNY)

On Mar 11, 2014 – Recon Technology, Ltd. (NASDAQ: RCON), a leading oilfield services provider that operates primarily in the People’s Republic of China, today announced that its BHD Petroleum Technology Ltd. division has received a new oil field access Certificate from China’s state-owned oil and gas exploration company, Sinopec, authorizing BHD to provide horizontal fracturing equipment and services at Sinopec’s Northeast oilfield branch in China’s Jilin Province.Recon Technology, Ltd. (NASDAQ:RCON) shares after opening at $4.63 on last trade day and at the end of the day closed at $5.22. Company price to sales ratio in past twelve months was calculated as 1.86 and price to cash ratio as 21.45. Recon Technology, Ltd. (NASDAQ:RCON) showed a positive weekly performance of 9.21%.

Andatee China Marine Fuel Ser Corp (NASDAQ:AMCF) announced its financial results for the fourth quarter and fiscal year 2013. Fiscal Year 2013 Financial Highlights :– Total sales in 2013 increased by 19.42% to $273.3 million from $228.8 million in 2012 — Gross profit in 2013 increased by 12.8% to $16.1 million from $14.3 million in 2012. Gross margin remained virtually unchanged at 5.9% and 6.2% in 2013 and 2012, respectively — Income from operations in 2013 was $6.55 million as compared to $7.28 million in 2012 . Andatee China Marine Fuel Ser Corp (NASDAQ:AMCF) shares fell -9.47% in last trading session and ended the day on $2.01. AMCF return on equity ratio is recorded as 7.10% and its return on assets is 2.30%. Andatee China Marine Fuel Ser Corp (NASDAQ:AMCF) yearly performance is 187.14%.

On March 27, Forbes Energy Services Ltd. (NASDAQ:FES), an oilfield services contractor, reported narrower-than-expected loss for the fourth quarter of 2013. Loss per share in the quarter was 19 cents, an improvement over the Zacks Consensus Estimate of a loss of 22 cents. The bottom-line result was driven by margin expansion. Forbes Energy Services Ltd. (NASDAQ:FES) shares moved up 0.76% in last trading session and was closed at $3.96, while trading in range of $3.89 – $4.29. Forbes Energy Services Ltd. (NASDAQ:FES) year to date (YTD) performance is 21.10%.

Infinity Energy Resources Inc. (OTCMKTS:IFNY) announced that initial analysis of recent seismic data has revealed encouraging information that was not evident from the older, reprocessed 2-D seismic data that was acquired in 2009. CGG, a fully integrated geoscience company that provides geological, geophysical and reservoir services to the global oil and gas industry, recently completed the data processing of the latest seismic data covering selected areas within the boundaries of Infinity’s 1.4 million-acre oil and gas concessions in the Caribbean Sea offshore Nicaragua. During the past week, Infinity’s geophysicist reviewed the new seismic data at the “data room” that has been opened in CGG’s headquarters facility in Houston. Infinity Energy Resources Inc. (OTCMKTS:IFNY) weekly performance is -2.53%. On last trading day company shares ended up $1.54. Infinity Energy Resources Inc.(OTCMKTS:IFNY) distance from 50-day simple moving average (SMA50) is 20.78%.