Stocks Buzz: Petroquest Energy Inc, Pacific Ethanol Inc, Cell Therapeutics Inc, Vringo

Dallas, TX -- (SBWIRE) -- 03/08/2013 -- 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:-

Petroquest Energy Inc (NYSE:PQ) shares jumped 5.51% and closed at $4.21. Equities researchers at Stifel Nicolaus dropped their target price on shares of PQ from $5.75 to $5.25 in a report issued on Feb. 28.

Additionally, the company announced its earnings results last week. The company reported ($0.41) EPS for the quarter, missing the consensus estimate of $0.04 by $0.45. The company had revenue of $38.20 million for the quarter, compared to the consensus estimate of $40.64 million.

Get Latest News, Updates on PQ Here

Pacific Ethanol Inc (NASDAQ:PEIX) shares climbed 5.42% to $0.380. Chromatin, Inc., and Pacific Ethanol, Inc. on Feb. 19 announced they have entered into a multi-year agreement to produce, deliver and use locally grown sorghum in the production of ethanol. The agreement covers up to 30,000 acres of Chromatin sorghum to be grown over multiple years and supplied to Pacific Ethanol.

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

Cell Therapeutics Inc (NASDAQ:CTIC) shares increased 3.17% to $1.30. The company, on Feb. 28, reported financial results for the fourth quarter and full year ended December 31, 2012. Total net operating expenses for 2012 were $101.5 million. For the year ended December 31, 2012, CTI reported a net loss of $115.3 million, or ($1.98) per share, compared to a net loss of $121.1 million, or ($3.53) per share, for the year ended December 31, 2011. Net loss for the fourth quarter ended December 31, 2012 was $19.0 million or ($0.20) per share, compared to a net loss of $17.9 million, or ($0.47) per share, for the same period in 2011.

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

Vringo, Inc. (NYSEAMEX:VRNG) shares jumped 5.23% and closed at $3.02 in the last trading session. The company, on Feb. 21, announced that its wholly-owned subsidiary, Vringo Germany GmbH, extended its patent infringement lawsuit against the ZTE Corp. China, and its German subsidiary, ZTE Deutschland GmbH (ZTE). The pleading, filed in the District Court of Mannheim, alleges infringement of the German part of European Patent 1,186,119.

Get latest News, Updates on VRNG Here

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