Lakeway, TX -- (SBWIRE) -- 02/25/2013 -- vb-news.net, 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:-
BP plc (ADR) (NYSE:BP) shares jumped 2.55% and closed at $41.83 in the last trading session. Reuters last week reported that Reliance Industries Ltd and partner BP Plc plan joint investment of more than $5 billion over the next three to five years to boost declining output at a key natural gas field off India's east coast.
How Should Investors Trade BP After The Solid Jump? Let’s Find Out Here
Hess Corp. (NYSE:HES) shares climbed 2.53% and closed at $66.03. HES’s shares, on Feb. 14, has been reiterated by TheStreet Ratings as a buy with a ratings score of B- . The company's strengths can be seen in multiple areas, such as its compelling growth in net income, increase in stock price during the past year, attractive valuation levels, good cash flow from operations and impressive record of earnings per share growth.
Is HES Ready To Jump Again After The Solid Momentum? Get Free Trend Analysis Here
Manitowoc Company, Inc. (NYSE:MTW) shares gained 2.53% to $18.65. The company, last month, said fiscal fourth-quarter net income more than doubled on improved sales and margins. The company earned $34.5 million, or 26 cents per share, for the period, as compared to $14.9 million, or 11 cents per share, in the same quarter of the prior year. Adjusted earnings were 27 cents per share versus 14 cents per share last year. Manitowoc's total revenue increased to $1.13 billion from $1.03 billion, with gains in both its crane and foodservice businesses. Analysts were expecting the company to earn 24 cents per share on revenue of $1.09 billion for the period.
Is MTW Buy After The Recent Price Movement? Find Out Here
Graphic Packaging Holding Company (NYSE:GPK) shares climbed 2.51% and closed at $7.35. GPK‘s stock had its “buy” rating restated by analysts at Jefferies Group in a research report issued to clients and investors on Feb. 8. They currently have a $8.50 price target on the stock, up from their previous price target of $8.00.
Additionally, the company last released its earnings data on February 7. The company reported $0.08 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.08. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.08 billion.
Is GPK a Buy At The Current Market Price? Don’t Miss Out Our Special Coverage Here
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