News Recap: Newfield Exploration, Quicksilver Resources Inc, Citigroup Inc.(NYSE:C), Celanese Corporation(NYSE:CE)

Lakeway, NY -- (SBWIRE) -- 03/19/2013 -- ThePennyStockProfiler.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:-

Newfield Exploration Co. (NYSE:NFX) shares dropped 2.16% to $23.59. Equities researchers at FBR Capital dropped their target price on shares of NFX from $38.00 to $32.00 in a report issued recently. The firm currently has an “outperform” rating on the stock.

Additionally, the company, on Feb. 19, reported fourth-quarter net loss of $33 million or $0.24 per share, compared with net income of $269 million or $2.00 per share last year. Analysts expected earnings of $0.43 per share for the quarter. Revenues for the quarter were $646 million, compared with $677 million a year ago. Analysts on consensus estimated revenues of $642.73 million.

How Should Investors Trade NFX After The Recent Price movement? Find out Here

Quicksilver Resources Inc (NYSE:KWK) stock fell 2.17% to $2.71. McNicoll Lewis & Vlak downgraded shares of Quicksilver Resources from a buy rating to a hold rating in a research note released on Mar. 11.

Additionally, the company, on Feb. 25, reported a fourth quarter loss of $1.10 billion or $6.47 per share, versus net income of $23.53 million or $0.14 per share in the same period last year. Adjusted net loss for the quarter was $2.39 million or $0.01 per share. Meanwhile, revenues for the three-month period dipped to $179.07 million from $223.09 million in the same quarter a year earlier. Analysts expected the company to report earnings of $0.01 per share on revenues of $168.69 million for the quarter.

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

Citigroup Inc.(NYSE:C) shares declined 2.16% to $46.24 in the last trading session. The company, on Mar. 18, agreed to pay $730 million to settle claims that it misled investors in more than four dozen bond and preferred-stock offerings over more than two years, in the second-largest settlement of private securities litigation tied to the financial crisis. The agreement, with plaintiffs including the Arkansas Teacher Retirement Systems and Louisiana Sheriffs' Pension and Relief Fund, is the latest to hit the nation's largest banks at a time of investor unease over the scope of their possible legal tabs.

How Should Investors Trade C After The Recent Price movement? Find out Here

Celanese Corporation(NYSE:CE) shares decreased 2.17% and closed at $46.04. Credito Emiliano (EU: CE) was upgraded by research analysts at BNP Paribas from a “neutral” rating to an “outperform” rating in a report released yesterday. The Company’s portfolio consists of five main businesses: Acetyl Products, Chemical Intermediates, Acetate Products, Technical Polymers Ticona and Performance Products.

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

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