On March 31, 2014, ZaZa Energy Corp (NASDAQ:ZAZA), announced results for the year ended December 31, 2013. For the twelve months ended December 31, 2013 the Company reported total revenues and other income of $8.9 million as compared to $205.2 million in the comparable 2012 period. The prior year period included $195.6 million in other income related to the gain on the dissolution of our joint venture with the Hess Corporation and the related division of assets. The gain of $195.6 million consisted of a step up in oil and gas property to a fair value of $117 million, a write-off of $5.4 million in working capital and cash of $84 million. Oil and gas revenue for the year ended December 31, 2013 was $8.9 million, of which $8.0 million was oil and $0.9 million was gas, compared to $9.6 million, of which $9.1 million was oil and $0.5 million was gas for the year ended December 31, 2012. This modest year-over-year decrease is primarily related to a decrease in production due to the loss of revenues of $5.1 million from the transfer of 4,490 net acres in South Texas (the “Cotulla properties”) to Hess pursuant to the Hess settlement. This was partially offset by revenue from a South Texas well, which increased by $0.7 million, and revenue increase from the Moulton acreage until its disposition of $1.0 million. Additionally, in 2013, East Texas revenue increased $2.7 million as two wells were drilled, in which ZaZa sold a majority interest while retaining a non-operated interest. ZaZa Energy Corp (NASDAQ:ZAZA), shares after opening at $0.54 moved to $0.55 on last trade day and at the end of the day closed at $0.509. Company price to sales ratio in past twelve months was calculated as 6.16 and price to cash ratio as 3.61. ZaZa Energy Corp (NASDAQ:ZAZA), showed a negative weekly performance of 9.05%.
Shares of specialty chemical company American Vanguard Corp. (NYSE:AVD), dropped as much as around 6% in the trading session after it announced that revenues for the first quarter of 2014 are expected to be down roughly 33% from the last-year quarter. The fall is anticipated due to unfavorable weather conditions in the Midwestern U.S. that has resulted in elevated channel inventories. American Vanguard’s net earnings for the first quarter are expected to range within break even to a few cents per share. Its shares eventually closed at $20.14 on Apr 11, losing around 1.7%. Persistent wet weather conditions during the 2013 crop planting season has resulted in reduced application of many crop protection inputs that are used at the time of planting, such as AMVAC’s granular soil insecticides. This surplus inventory in the distribution channel has been drawn down as purchases are made in the 2014 spring planting season. These surplus inventories coupled with planting delays caused by the harsh winter weather in 2014 has slowed new order activity for the company’s soil insecticides. American Vanguard expects some of the purchases to be made in Apr and May 2014 that will be reflected in the second-quarter results, which otherwise would have ordinarily been included in first-quarter results. Though purchasing patterns of corn products have been disrupted due to the sluggish procurement pattern which disproportionately affected the overall performance of American Vanguard and its peers, it is a temporary market condition and the demand for corn products is expected to continue to grow once the conditions normalize. In the meantime, the company is in constant contact with the channel partners and is tracing market needs to meet the expectation throughout the new planting season. American Vanguard Corp. (NYSE:AVD), shares fell 0.42% in last trading session and ended the day on $19.00. American Vanguard Corp. (NYSE:AVD), return on equity ratio is recorded as 13.70% and its return on assets is 7.60%. American Vanguard Corp. (NYSE:AVD), yearly performance is -33.66%.
China Gerui Adv Mtals Grp Ltd (NASDAQ:CHOP), shares moved up 0.54% in last trading session and was closed at $0.905, while trading in range of $ 0.88 – 0.91. China Gerui Adv Mtals Grp Ltd (NASDAQ:CHOP), year to date (YTD) performance is -27.60%.
TGC Industries Inc (NASDAQ:TGE), saw a big move last session, as the company’s shares fell by over 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent uptrend for TGE, as the stock gained nearly 8.8% between Feb 27 and Mar 25. This slump shouldn’t be too much of a surprise to investors, as the company in the Oil-Field Services industry has seen 1 negative revision in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.TGC Industries Inc (NASDAQ:TGE), weekly performance is -4.91%. On last trading day company shares ended up $5.42. TGC Industries Inc (NASDAQ:TGE), distance from 50-day simple moving average (SMA50) is -14.94%. Analysts mean target Price for the company is $8.40.