The oil industry will witness a distress sale in the sector. Forest Oil Corporation (NYSE:FST) will be purchased by Sabine Oil & Gas in a deal that involves only shares and no cash. The combined entity will be among the top energy production companies in the eastern part of Texas. As per the details released, Sabine will have a 73.5% stake in the new entity. Shareholders from FST will hold the remaining 26.5%. The total debt of the new entity will be close to $2.2 billion. Forest Oil Corporation (NYSE:FST) shares after opening at $2.05 moved to $2.39 on last trade day and at the end of the day closed at $ 2.33 . Company price to sales ratio in past twelve months was calculated as and price to cash ratio as 4.19. Forest Oil Corporation (NYSE:FST) showed a positive weekly performance of 25.27%.
Hyperdynamics Corporation (NYSE:HDY) tripped -17.26% against possible market correction as the stock was flying high yesterday after the company announced that Tullow Guinea provided notice to the Government of Guinea and the other members of the Consortium that Tullow has lifted, with effect from May 3, its declaration of Force Majeure under the Production Sharing Contract, or PSC, and the Joint Operating Agreement. Hyperdynamics Corporation (NYSE:HDY) shares advanced 8.40% in last trading session and ended the day on $4.00. HDY return on equity ratio is recorded as -34.40% and its return on assets is -24.40%. Hyperdynamics Corporation (NYSE:HDY) yearly performance is -7.41%.
IsoRay Inc. (NYSEMKT:ISR), a medical technology company and innovator in seed brachytherapy and medical radioisotope applications, announced the publication of the first major peer reviewed study showing improved results using IsoRay’s Cesium-131 seeds in the treatment of gynecologic cancer. IsoRay, Inc. (NYSEMKT:ISR) shares moved up 5.53% in last trading session and was closed at $2.67 while trading in range of $2.50 – $2.74. IsoRay, Inc. (NYSEMKT:ISR)year to date (YTD) performance is 434.00%.
Real Goods Solar, Inc. (NASDAQ:RGSE) a nationwide leader of turnkey solar energy solutions for residential, commercial, and utility customers, will hold a conference call on Wednesday, May 14, 2014 at 4:30 p.m. Eastern time to discuss results for the first quarter ended March 31, 2014. Financial results will be issued in a press release prior to the call. Real Goods Solar, Inc. (NASDAQ:RGSE) weekly performance is 1.37%. On last trading day company shares ended up $2.97. Real Goods Solar, Inc. (NASDAQ:RGSE) distance from 50-day simple moving average (SMA50) is -21.30%. Analysts mean target price for the company is $5.75.