On June 5, Petrobras Argentina SA ADR (NYSE:PZE) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and expanding profit margins. Petrobras Argentina SA ADR (NYSE:PZE) net profit margin is 7.50% and weekly performance is -3.34%. On last trading day company shares ended up $6.07. Analysts mean target price for the company is $10.42. Petrobras Argentina SA ADR (NYSE:PZE) distance from 50-day simple moving average (SMA50) is 7.16%.
May 29, 2014 – Bioamber Inc (NYSE:BIOA) an industrial biotechnology company producing sustainable chemicals, announced that Ellen Richstone and Henry “Pete” Linsert, Jr. were elected to BioAmber’s board of directors at the Annual Meeting of Shareholders held on May 27, 2014. Bioamber Inc (NYSE:BIOA) shares fell -9.75% in last trading session and ended the day on $9.63. Gross Margin is -3.70 % and its return on assets is -36.90%. Bioamber Inc (NYSE:BIOA) quarterly performance is -29.09 %.
May 29, 2014, Superior Drilling Products, Inc. (NYSEMKT:SDPI) a provider of drilling products for the oil, natural gas and mining services industry, announced that it has closed its initial public offering of 7,762,500 shares of common stock at a price of $4.00 per share, including 1,012,500 shares sold pursuant to the over- allotment option exercised in full by the underwriters of the initial public offering. Shares began trading on the NYSE MKT under the symbol SDPI on May 23, 2014. Superior Drilling Products, Inc. (NYSEMKT:SDPI) shares moved down -5.44 % in last trading session and was closed at $5.74, while trading in range of $5.61 – $6.30. Superior Drilling Products, Inc. (NYSEMKT:SDPI) year to date (YTD) performance is 27.84%.
On May 29, OCI Resources LP (NYSE:OCIR) an Atlanta-based master limited partnership, announced the appointment of Kevin L. Kremke as chief financial officer. Choungho “Charles” Kim, the current chief financial officer for OCI Resources, has accepted a position as chief financial officer of OCI Energy LLC. Oci Resources LP (NYSE:OCIR) ended the last trading day at $23.45. Company weekly volatility is calculated as 3.95% and price to cash ratio as 4.38. Oci Resources LP (NYSE:OCIR) showed a negative weekly performance of -9.00%.
Forest Oil Corporation (NYSE:FST) dropped the most in almost four months after an $850 million loan backing its acquisition by Sabine Oil & Gas was postponed. Forest Oil shares dropped (FST:US) 18 percent to $2.01 in New York, the biggest decline since Feb. 26. The financing being led by Barclays Plc may be marketed to investors at a later date, according to a person with knowledge of the transaction, who asked not to be identified, citing a lack of authorization to speak publicly. Forest Oil Corporation (NYSE:FST) net profit margin is 30.50 % and weekly performance is -16.60%. On last trading day company shares ended up $ 2.01. Analysts mean target price for the company is $2.25. Forest Oil Corporation (NYSE:FST) distance from 50-day simple moving average (SMA50) is -4.64%.