Fuel refiner Valero Energy Corporation (NYSE:VLO) on Tuesday reported net income of $828 million, or $1.54 a share, versus $654 million, or $1.18 a share, in the same period a year earlier. The San Antonio-based firm said operating earnings rose to $33.66 billion from $33.47 billion. Analysts surveyed by FactSet had produced a consensus forecast for earnings of $1.39 a share on sales of $31.4 billion. “We expect our well-positioned business will continue to benefit from the increased North American oil and gas production. Plus, as our economy continues to recover, fuel demand will increase from the lows we’ve seen since the Great Recession,” said Chief Executive Bill Klesse. “U.S. gasoline demand and margins look positive as we enter the summer driving season,” he said. Shares were up 1.8% in premarket trade at $59 a share. Valero Energy Corporation (NYSE:VLO) stock opened today at $ 55.72 and is currently trading at $ 56.15. The stock showed a positive weekly performance of 3.04%.
Barrick Gold Corporation (USA) (NYSE:ABX) has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. The company has reported a trend of declining earnings per share over the past two years. During the past fiscal year, BARRICK GOLD CORP reported poor results of -$9.63 versus -$0.35 in the prior year. Barrick Gold Corporation (USA) (NYSE:ABX) stock opened at $ 15.67, in current trading session and currently is at $ 15.90, by gaining 15.90%. The 52 week range of $ 13.43 – $ 21.68. Company’s market capitalization is $ 18.55 billion.
FX Energy, Inc. (NASDAQ:FXEN) shares tumbled 15% to $7.01 on Thursday after the company said initial tests on its Sroda-5 well in western Poland didn’t show gas in the quantity the company had hoped for. “While we are disappointed that the well did not test gas in the quantities we had hoped, we are pleased that the well confirms that gas is being trapped here and we remain positive about the Sroda area,” said David Pierce, the company’s president. FX Energy, Inc. (NASDAQ:FXEN) stock is currently trading at $ 3.88. The EPS of the stock is -0.03. Company’s market capitalization is $208.91 M.
Occidental Petroleum (NYSE:OXY) Director John E. Feick sold 10,000 shares of Occidental Petroleum stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $96.70, for a total value of $967,000.00. Occidental Petroleum Corporation (NYSE:OXY) stock opened the session at $ 99.15, and now is at $ 99.56. The 52 week range of the OXY stock remained $ 84.91 – $ 99.69 and the day range was $ 98.91 – $ 99.69.
Molycorp Inc (NYSE:MCP) may face even more competitive pressure from Mexico, which will finance rare-earth mineral exploration. Such a move could depress pricing and push profitability even further beyond Molycorp’s grasp. Molycorp Inc (NYSE:MCP) stock opened today at $2.95 and is currently trading at $ 2.89. The stock showed a positive weekly performance of 1.75%.
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