Rentech, Inc. (NASDAQ:RTK), announced its first quarter result on Tuesday May 13, 2014 in the presence of the Chief Executive Officer and President, D, Hunt Ramsbottom. The appreciable quarter that ended on March 31, 2014 brought variations and progress in various fields, said the CEO. The result of Rentech, Inc. (NASDAQ:RTK) reflects positive vibes among the company and its subsidiaries as wood fibre processing unit, Rentech Nitrogen unit, etc. The financial result of the company also includes Fulghum Fibres’ performance. The consolidated revenues generated were $84.8 million, which a year ago was $59.6 million. The revenue for this quarter includes $28.6 million from Fulghum Fibres and $56.3 million from Rentech Nitrogen unit. However, this segment witnessed a decrease of $3.3 million from the previous year. Rentech, Inc. (NASDAQ:RTK), net profit margin is 5.40% and weekly performance is 6.22%. On last trading day company shares ended up $2.39. Analysts mean target price for the company is $2.84. Rentech, Inc. (NASDAQ:RTK), distance from 50-day simple moving average (SMA50) is 17.90%.
On May 12, 2014, An investor who currently holds shares of Forest Oil Corporation (NYSE:FST), filed a lawsuit in effort to halt the takeover of Forest Oil Corporation by Sabine Oil & Gas LLC. Forest Oil Corporation (NYSE:FST), advanced 7.55% in last trading session and ended the day on $2.28. FST, Gross Margin is 79.90% and its return on assets is 4.20%. Forest Oil Corporation (NYSE:FST), quarterly performance is -26.69%.
On May 19, 2014, Boardwalk Pipeline Partners, LP (NYSE:BWP), announced that Stan Horton, President and Chief Executive Officer, Jamie Buskill, Chief Financial & Administrative Officer, and Allison McLean, Vice President of Administration, will host meetings with investors at the 2014 Master Limited Partnership Annual Investor Conference sponsored by the National Association of Publicly Traded Partnerships (NAPTP) on May 21 and 22, 2014 in Ponte Vedra Beach, FL. Boardwalk Pipeline Partners, LP (NYSE:BWP), shares moved up 5.82% in last trading session and was closed at $17.46, while trading in range of $16.50 – 17.50. Boardwalk Pipeline Partners, LP (NYSE:BWP), year to date (YTD) performance is -30.63%.
Penn Virginia Corporation (NYSE:PVA)‘s stock had its “buy” rating reiterated by research analysts at SunTrust in a report released on Wednesday. They currently have a $27.00 price target on the stock, up from their previous price target of $25.00. SunTrust’s price objective would suggest a potential upside of 82.93% from the stock’s previous close. Penn Virginia Corporation (NYSE:PVA), ended the last trading day at $15.96. Company weekly volatility is calculated as 5.43% and price to cash ratio as 44.55. Penn Virginia Corporation (NYSE:PVA), showed a positive weekly performance of 11.06%.
DuPont Co. (DD) is considering alternatives to a planned spinoff of its performance chemicals unit, which may pave the way for a deal with Tronox Ltd (NYSE:TROX). Tronox shares rose the most since February. Tronox Ltd (NYSE:TROX), net profit margin is -6.60% and weekly performance is 8.47%. On last trading day company shares ended up $26.13. Analysts mean target price for the company is $27.00. Tronox Ltd (NYSE:TROX), distance from 50-day simple moving average (SMA50) is 7.96%.