News Buzz: Scorpio Tankers Inc, Helmerich & Payne, Foster Wheeler, Beazer Homes

Dallas, TX -- (SBWIRE) -- 03/15/2013 -- Marketbuzzreport.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-

Scorpio Tankers Inc.(NYSE:STNG) shares gained 3.41% and closed at $8.48. The company, on Mar. 13, announced that it has priced the offering of 29,012,000 shares of its common stock, par value $0.01 per share, at a price of $8.10 per share. The offering is expected to close on March 18, 2013. RS Platou Markets, Inc. is acting as sole manager in the offering. RS Platou Markets AS is acting as lead placement agent. DNB Markets, Inc. is acting as senior placement agent. Clarkson Capital Markets, Evercore Group LLC and Skandinaviska Enskilda Banken AB are acting as placement agents.

Get Latest News, Updates on STNG Here

Helmerich & Payne, Inc. (NYSE:HP) shares increased 3.33% and closed at $65.41. HP‘s stock had its “neutral” rating reiterated by investment analysts at Macquarie in a note issued to investors on Mar. 12. They currently have a $68.00 target price on the stock. Additionally, analysts at Jefferies Group raised their price target on shares of Helmerich & Payne from $72.00 to $76.00 in a research note to investors on March 4. They now have a “buy” rating on the stock.

Is HP a Strong Buying Opportunity After The Recent Slump? Find out Here

Foster Wheeler AG (NASDAQ:FWLT) stock climbed 3.31% to $22.16. Canaccord Genuity reiterated its Buy rating on FWLT on Mar. 4, but lowered its price target from $34.50 to $30.00.

Additionally, the company, on Mar. 1, reported fourth quarter net income of $6.30 million or $0.06 per share, sharply lower than $39.25 million or $0.34 per share in the prior-year quarter. Adjusted net income for the quarter was $28.94 million or $0.27 per share, compared to $44.78 million or $0.39 per share in the year-ago quarter. Analysts expected the company to report earnings of $0.46 per share for the quarter. Operating revenues for the quarter declined to $735.28 million from $1.13 billion in the same quarter last year, and missed analysts' consensus estimate of $976.55 million.

Is FWLT Signaling a Buy After The Sudden Gain? Don’t Miss Out Free Trend Analysis Here

Beazer Homes USA, Inc. (NYSE:BZH) shares increased 3.30% and closed at $16.89 after Research analysts at Sterne Agee assumed coverage on shares of BZH in a report released on Mar. 13. The firm set a “buy” rating on the stock.

Additionally, the company, on Feb. 26, announced that for fiscal 2013, it expects to generate adjusted EBITDA of at least $50 million.

Is BZH Signaling a Buy After The Sudden Gain? Don’t Miss Out Free Trend Analysis Here

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