Lakeway, TX -- (SBWIRE) -- 02/26/2013 -- Bestdamnpennystocks, 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:-
Forest Oil Corporation (NYSE:FST) shares dropped 4.57% and closed at $6.05. The company, on Feb. 20, announced financial and operational results for the fourth quarter and full-year 2012 and provided year-end estimated proved reserves. For the three months ended December 31, 2012, Forest reported a net loss of $287 million, or $(2.48) per diluted share. Forest's adjusted net earnings and earnings per share on a diluted basis for the three months ended December 31, 2012 was $17 million, or $0.14 per diluted share, compared to $20 million, or $0.18 per diluted share, in the corresponding 2011 period.
Is FST after A Solid Pop Up? Find Out Here
Reliance Steel & Aluminum (NYSE:RS) shares fell 4.55% and closed at $65.10 in the last trading session. The company last week reported fourth-quarter net income of $80.4 million, up 18.4% from $67.9 million in the fourth quarter of 2011. Earnings per share for the quarter were $1.06, up 16.5% from $0.91 in the year ago quarter. Analysts expected the company to report earnings of $0.97 per share for the quarter. Sales were $1.89 billion, down 7.1% from $2.03 billion in the fourth quarter of 2011. Analysts had consensus revenue estimate of $1.94 billion for the quarter.
Additionally, the company will begin trading ex-dividend on February 27, 2013. A cash dividend payment of $0.3 per share is scheduled to be paid on March 22, 2013. Shareholders who purchased RS stock prior to the ex-dividend date are eligible for the cash dividend payment.
How Should Investors Trade RS After The recent Earnings Report? Find Out Here
Superior Energy Services, Inc. (NYSE:SPN) shares declined 4.54% to $25.01. The company, on Feb. 22, announced that in fiscal 2012, it expects just under $5 billion in revenue. Analysts are expecting the Company to report revenue of $4.5 for fiscal 2012.
Additionally, the company, on Feb. 20, announced that it has realigned its segment reporting. As a result, beginning with the 2012 fourth quarter and full-year results (scheduled to be released Tuesday, February 26, 2013), the Company will report business segment information for four reportable segments as follows: Drilling Products and Services, Onshore Completion and Workover Services, Production Services and Subsea and Technical Solutions.
Why Should Investors Consider Buying SPN Now? Find Out Here
Newfield Exploration Co. (NYSE:NFX) shares dropped 4.53% to $23.79. The company, last week, 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.
Is NFX Still a Buy After The Recent momentum? Find Out Here
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