Pacific Ethanol, Inc. (NASDAQ:PEIX), the leading producer and marketer of low-carbon renewable fuels in the Western United States, announced it has priced an underwritten offering of 1,750,000 shares of its common stock at a price to the public of $16.00 per share, for gross offering proceeds of $28.0 million. Lazard Capital Markets LLC and Cowen and Company, LLC are acting as joint book-running managers for the offering. Pacific Ethanol Inc (NASDAQ:PEIX) shares after opening at $14.86 moved to $15.18 on last trade day and at the end of the day closed at $14.15. Company price to sales ratio in past twelve months was calculated as 0.31 and price to cash ratio as 53.63. Pacific Ethanol Inc (NASDAQ:PEIX) showed a negative weekly performance of -9.18%.
Analysts at BMO Capital Markets boosted their price target on shares of Goodrich Petroleum (NYSE:GDP) from $20.00 to $25.00 in a research report issued to clients and investors on Monday, AnalystRatingsNetwork reports. BMO Capital Markets’ target price suggests a potential upside of 46.11% from the stock’s previous close. Goodrich Petroleum Corporation (NYSE:GDP) shares fell -1.87% in last trading session and ended the day on $16.79. GDP return on equity ratio is recorded as -63.60% and its return on assets is -12.90%. Goodrich Petroleum Corporation (NYSE:GDP) yearly performance is 8.67%.
Mr. Bonner is a Professional Geologist with 23 years in the uranium exploration and development industry, 3 years in the oil and gas industry and 13 years in environmental engineering consulting. He comes to Ur-Energy Inc. (USA) (NYSEMKT:URG) having most recently served as Vice President of Exploration for Powertech (USA), Inc. He previously worked as a consulting geologist, was employed as a Senior Geologist for Gordon Environmental in Albuquerque, NM, and worked for 16 years in uranium exploration for Rocky Mountain Energy Company throughout the western U.S. Mr. Bonner is a Registered Professional Geologist and a Certified Professional Geologist, and is a member of the Geological Society of America, the American Institute of Professional Geologists and the Society for Mining, Metallurgy and Exploration. Mr. Bonner received a Bachelor of Science in Geology from the University of Wyoming. Ur-Energy Inc. (USA) (NYSEMKT:URG) shares moved down -5.77% in last trading session and was closed at $1.47, while trading in range of $1.41-$1.58. Ur-Energy Inc. (USA) (NYSEMKT:URG) year to date performance is 6.52%.
GASTAR EXPLORATION, Inc. (NYSEMKT:GST) hosts equity analysts and investors, where the company’s senior management will provide details about current and future operations plans. The management will particularly take analysts and investors through discussions on expanded drilling inventory in Marcellus Shale. The event takes place in Houston, Texas. The company’s CEO J. Russell Porter will lead his senior management team during the discussion event. The event comes just when the company recently announced the increase of its borrowing base which now stands at $120 million under the revolving credit facility. The new revolving credit amount represents addition of $20 million over the borrowing base as of December 2013. GASTAR EXPLORATION, INC. (NYSEMKT:GST) is involved in the business of exploration, development and production of oil and natural gas. GASTAR EXPLORATION, INC. (NYSEMKT:GST) weekly performance is 15.72%. On last trading day company shares ended up $6.33. GASTAR EXPLORATION, INC. (NYSEMKT:GST) distance from 50-day simple moving average is 5.91%. Analysts mean target price for the company is $6.53.