Quicksilver Resources Inc. (NYSE:KWK) announced that the company completed its semi-annual redetermination and closed an amendment to its Combined Credit Agreements on April 25, 2014.The redetermined global borrowing base was reduced from $350 million to $325 million. As well, certain definitions which impact the calculation of EBITDAX were amended in order to exclude certain non-recurring cash items, provide for pro forma application of the March 2014 amendment to the Fortune Creek gathering agreement, and reduce the threshold for pro forma application of a material transaction to $10 million.Quicksilver Resources Inc (NYSE:KWK) shares after opening at $3.28 moved to $3.53 on last trade day and at the end of the day closed at $3.29. Company price to sales ratio in past twelve months was calculated as 1.04 and price to cash ratio as 2.27. Quicksilver Resources Inc (NYSE:KWK) showed a positive weekly performance of 5.79%.
MagneGas Corporation (NASDAQ:MNGA), a technology company that counts among its inventions a patented process that converts liquid waste into a hydrogen-based fuel, announced today that it hired Jose Prieto of Miami, Florida as a Sales Executive promoting MagneGas® fuel and equipment into South Florida, Latin America and the Caribbean. Mr. Prieto has over 37 years of industrial gas sales experience, primarily working with Praxair, Inc. and AirGas Inc. He brings his wealth of knowledge from the metal cutting industry in the region. MagneGas Corporation (NASDAQ:MNGA) shares advanced 15.00% in last trading session and ended the day on $1.38. MNGA return on equity ratio is recorded as -90.40% and its return on assets is -83.30%. MagneGas Corporation (NASDAQ:MNGA) yearly performance is 66.27%.
Pacific Ethanol, Inc. (Nasdaq:PEIX), the leading producer and marketer of low-carbon renewable fuels in the Western United States, announced it will release its first quarter 2014 financial results after the market closes on Wednesday, April 30, 2014. Management will host a conference call at 8:00 a.m. Pacific Time / 11:00 a.m. Eastern Time on Thursday, May 1, 2014. Neil Koehler, Chief Executive Officer, and Bryon McGregor, Chief Financial Officer, will deliver prepared remarks via webcast followed by a question and answer session.Pacific Ethanol Inc (NASDAQ:PEIX) shares moved up 5.98% in last trading session and was closed at $14.72, while trading in range of $13.63-$14.96. Pacific Ethanol Inc (NASDAQ:PEIX) year to date performance is 189.19%.
Research analysts at Brean Capital increased their price target on shares of Westmoreland Coal (NYSE:WLB) from $35.00 to $38.00 in a report released on Tuesday. The firm currently has a “buy” rating on the stock. Brean Capital’s price objective points to a potential upside of 39.25% from the company’s current price. Westmoreland Coal Company (NASDAQ:WLB) weekly performance is -4.19%. On last trading day company shares ended up $29.26. Westmoreland Coal Company (NASDAQ:WLB) distance from 50-day simple moving average is 9.86%. Analysts mean target price for the company is $35.00.
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