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Mcmoran Exploration Co (NYSE:MMR) reported a steeper-than-projected drop in Q4 sales as the natural-gas exploration firm's average daily production dropped and it turned to a loss.
McMoRan announced a loss of $1.21 million, or one cent per share, against a profit of $28.4 million, or 16 cents per share, a year before. The latest quarter comprised a $39.7 million increase from the sale of two conventional Gulf of Mexico property packages. Revenue slipped 31% to $84.2 million.
Can Investors Bet on MMR after this News update? Find out in this Research Report
Analysts surveyed by Thomson Reuters had latterly estimated a per-share loss of 12 cents on sales of $90 million. Operating margin shrank from 35.4% to 12.7%.
Mcmoran Exploration Co (NYSE:MMR), engages in the exploration, development, and production of oil and natural gas in the shallow waters of the Gulf of Mexico and onshore in the Gulf Coast area of the United States, jumped +0.06% and closed at $16.00 in the last trading session with the overall traded volume of 1.65 million shares. Stock price 52 weeks high was $16.13 and 52 weeks low price was $7.25. DNDN has current ratio of 0.91 and its debt-to-equity ratio is 0.35.
For How Long MMR’s Gloss will Attract Investors? Find out via this report
Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) declined -0.89% and closed at $22.19 in the last trading session with the total traded volume of 2.12 million shares more than the average volume of 982,820. CRZO is trading above than its 50 day moving average of 5.30% and 200 day moving average of -8.06%.
CRZO has outstanding shares of 40.08 million with the total market cap of 36.67 million and its beta value stands at 2.01 times which shows that stock is more volatile.
Why Should Investors Buy CRZO After the Recent Fall? Just Go Here and Find Out
Plains Exploration & Production Company (NYSE:PXP) reported the fall of -0.53% to close at $46.59 and its overall volume in the last trading session was 1.85 million shares beating the average volume of 6.52 million. PXP hit the day high price of $47.09 and day low of $46.50.
PXP is trading with negative year-to-date performance of -0.75%. PXP has current ratio of 1.65 and its debt-to-equity ratio is 1.37. PXP has total market cap of $6.01 billion.
Has PXP Found The Bottom and Ready To Move Up? Find Out Here
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