Kolkata, West Bengal -- (SBWIRE) -- 09/18/2013 -- Specialpennystockalert.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on Kinross Gold Corporation (USA)(NYSE:KGC), Valero Energy Corporation (NYSE:VLO), Exxon Mobil Corporation (NYSE:XOM).
Kinross Gold Corporation (USA)(NYSE:KGC) shares increased 1.35% to $5.26. KGC‘s stock had its “neutral” rating reaffirmed by Zacks in a research note issued on August 26. They currently have a $6.25 price objective on the stock.
Additionally, the company on July 31 announced its results for the second quarter ended June 30, 2013. The reported net loss for the quarter included an after-tax non-cash impairment charge of $2,289.3 million, largely as a result of lower short-term and long-term gold price assumptions. In addition, Kinross recorded a charge of $720 million relating to the previously announced decision to cease development of its Fruta del Norte (FDN) project in Ecuador, which has been classified as a discontinued operation.
Should Investors Buy KGC After Yesterday’s Jump? Find Out Here
Valero Energy Corporation (NYSE:VLO) shares jumped 0.12% to $34.60. VLO’s stock was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report issued on Sept. 17. The firm currently has a $36.00 target price on the stock. Zacks‘ target price indicates a potential upside of 4.17% from the company’s current price.
Additionally, the company on Sept. 12 increased capital-expenditure projections for next year and revealed a handful of project delays at its refineries. Valero released a slideshow ahead of a Barclays investor conference on Sept. 12. In addition, expansion projects in the Port Arthur and Lake Charles refineries in Loiuisiana were postponed to 2018 from 2015.
How Should Investors Trade VLO After The Recent Volatility? Get Free Trend Analysis Here
Exxon Mobil Corporation (NYSE:XOM) stock gained 0.30% to $88.94. XOM‘s stock had its “buy” rating reiterated by equities researchers at TheStreet in a research report issued on Sept. 17. XOM 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 attractive valuation levels, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year.
Additionally, the company on Sept. 11 was charged with illegally dumping more than 50,000 gallons (189,000 liters) of wastewater at a shale-gas drilling site in Pennsylvania. Exxon unit XTO Energy Inc. discharged the water from waste tanks at the Marquandt well site in Lycoming County in 2010, according to a statement on the website of Pennsylvania’s attorney general. The pollution was found during an unannounced visit by the state’s Department of Environmental Protection.
Moreover, the company on August 23 said it is selling over half of its 60 percent holding in Iraq's West Qurna-1 oilfield project to China's biggest energy firm PetroChina and Indonesia's Pertamina, Iraq's oil minister confirmed. "25 percent (stake) to PetroChina and 10 percent to Pertamina," Abdul Kareem Luaibi told Reuters on the sidelines of a ministerial meeting here.
Is XOM A Good Buy After The Recent Price Movement? Find Out Here
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