McDermott International, Inc. (NYSE:MDR) announced that a consortium, which includes subsidiaries of McDermott and PT Encona Inti Industri, has been notified of its selection as the successful bidder in the tender process for an engineering, procurement and construction (“EPC”) contract for the Gendalo-Gehem natural gas development in East Kalimantan, Indonesia. McDermott International (NYSE:MDR) net profit margin is -23.90% and weekly performance is 6.20%. On last trading day company shares ended up $7.71. Analysts mean target price for the company is $7.67. McDermott International (NYSE:MDR) distance from 50-day simple moving average (SMA50) is 8.22%.
On May 30, 2014 AK Steel Corporation (NYSE:AKS) said that its Board of Directors has approved the promotion of the following Executive Officers, effective May 30, 2014. David C. Horn, 62, has been named Executive Vice President, Chief Legal and Administrative Officer, and Secretary. Mr. Horn was previously the company’s Executive Vice President, General Counsel and Secretary. Roger K. Newport, 49, has been named Senior Vice President, Finance and Chief Financial Officer. Mr. Newport was previously Vice President, Finance and Chief Financial Officer. AK Steel Holding Corporation (NYSE:AKS) shares advanced 1.26% in last trading session and ended the (NYSE:AKS) quarterly performance is 1.74%.
On May 6, Vantage Drilling Company (NYSEMKT:VTG) reports net income for the three months ended March 31, 2014 of $24.8 million or $0.07 per diluted share as compared to a net loss of $24.9 million or ($0.08) per diluted share excluding approximately $98.3 million of charges for the early retirement of debt, for the three months ended March, 31, 2013. Including the charges for the early retirement of debt for the three months ended March 31, 2013, the Company reported a net loss of $123.2 million or ($0.41) per diluted share. Vantage Drilling Company (NYSEMKT:VTG) shares moved up 2.37% in last trading session and was closed at $1.73 , while trading in range of $1.69 – $1.74. Vantage Drilling Company (NYSEMKT:VTG) year to date (YTD) performance is -5.98%.
Plug Power Inc. (NASDAQ:PLUG) on May 14 reported its 2014 first quarter results. Total revenue for the first quarter of 2014 was $5.6 million, comprised of $3.2 million for product revenue, $2.1 million for service revenue and $0.3 million for research and development (R&D) contract revenue. This compares to total revenue of $6.4 million in the first quarter of 2013, which was comprised of $4.7 million for product revenue, $1.3 million for service revenue and $0.4 million for R&D contract revenue. Net loss for the first quarter of 2014 was $75.9 million, or $0.57 per share on a basic and diluted basis. Plug Power Inc (NASDAQ:PLUG) ended the last trading day at $4.39. Company weekly volatility is calculated as 4.88% and price to cash ratio as 11.61. Plug Power Inc (NASDAQ:PLUG) showed a positive weekly performance of 0.92%.
Walter Energy Inc (NYSE:WLT)‘s stock had its “underperform” rating restated by research analysts at Macquarie in a report released on Wednesday. They currently have a $4.00 price objective on the stock, down from their previous price objective of $5.00. Macquarie’s price target would indicate a potential downside of 11.50% from the company’s current price. Walter Energy, Inc. (NYSE:WLT) net profit margin is -22.50% and weekly performance is -6.15%. On last trading day company shares ended up $4.58. Analysts mean target price for the company is $8.75. Walter Energy, Inc. (NYSE:WLT) distance from 50-day simple moving average (SMA50) is -32.84%.