Tag: REE

  • Basic Material Losers: Marrone Bio Innovations (NASDAQ:MBII), Oxford Resource Partners (NYSE:OXF), National-Oilwell Varco (NYSE:NOV), Walter Energy (NYSE:WLT), Rare Element Resources (NYSEMKT: REE)

    Marrone Bio Innovations Inc (NASDAQ:MBII) introduced REGALIA® Rx, an advanced, broad-spectrum biofungicide that improves plant health and increases yield potential. The product is registered for use in corn, soybeans, wheat, rice, and other row crops. Marrone Bio Innovations Inc (NASDAQ:MBII) weekly performance is 8.15%. On last trading day company shares ended up $9.82. Analysts mean target price for the company is $20.25. Marrone Bio Innovations Inc (NASDAQ:MBII) distance from 50-day simple moving average (SMA50) is -18.37%.

    On 5 MAY Oxford Resource Partners, LP (NYSE:OXF) reported ($0.33) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.34) by $0.01. The company had revenue of $82.30 million for the quarter, compared to the consensus estimate of $89.05 million. During the same quarter in the previous year, the company posted ($0.29) earnings per share. The company’s revenue for the quarter was down 4.9% on a year-over-year basis. On average, analysts expect Oxford Resource Partners to post $-1.00 EPS for the current fiscal year and $-1.06 EPS for the next fiscal year. Oxford Resource Partners, LP (NYSE:OXF) shares fell -9.67% in last trading session and ended the day on $0.921. OXF Gross Margin is 15.80% and its return on assets is -10.50%. Oxford Resource Partners, LP (NYSE:OXF) quarterly performance is -23.22%.

    National-Oilwell Varco, Inc. (NYSE:NOV) reported that it has concluded the spin-off to its shareholders of its distribution business as an autonomous public corporation, named NOW Inc (NYSE:DNOW). National-Oilwell Varco, Inc. (NYSE:NOV) shares moved down -9.38% in last trading session and was closed at $74.19, while trading in range of $73.79 – $75.30. National-Oilwell Varco, Inc. (NYSE:NOV) year to date (YTD) performance is -6.41%.

    Walter Energy, Inc. (NYSE:WLT) and the other peers in the metallurgical coal industry are unable to beat up the changing fundamentals. The scenario is getting worse day-by-day. There is a significant mismatch in the demand and supply of metallurgical coal. The excess supply and the falling margins are putting pressure on the prices. Also, the customers are opting for substitute raw materials. The performance may stay muted for the next several years. Walter Energy, Inc. (NYSE:WLT) ended the last trading day at $4.56. Company weekly volatility is calculated as 8.39% and price to cash ratio as 0.74. Walter Energy, Inc. (NYSE:WLT) showed a negative weekly performance of -19.86%.

    On 7 MAY Rare Element Resources Ltd (NYSEMKT: REE) reported that it has filed its unaudited consolidated financial statements on Form 10-Q for the three-months ended March 31, 2014. The Company is classified as an exploration stage company and, as such, does not have production-related revenues at this time. The net loss for the quarter ended March 31, 2014, totaled $4.4 million, or $0.09 per share, compared to a net loss of $4.4 million, or $0.10 per share, for the same period in 2013. Rare Element Resources Ltd (NYSEMKT: REE) weekly performance is 2.50%. On last trading day company shares ended up $1.23. Analysts mean target price for the company is $2.73. Rare Element Resources Ltd (NYSEMKT: REE) distance from 50-day simple moving average (SMA50) is -9.14%.