Stocks Closed Negative: Express, Inc.(NYSE:EXPR), HollyFrontier Corp(NYSE:HFC), Carrizo Oil & Gas, Inc. (NASDAQ:CRZO)

Dallas, TX -- (SBWIRE) -- 03/20/2013 -- 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:-

Express, Inc.(NYSE:EXPR) shares dropped 3.63% to $17.77. The company, on Mar. 13, reported a fourth quarter profit of $63.9 million, or 75 cents a share, versus a year-earlier profit of $60.4 million, or 68 cents a share. Adjusted earnings for the year-ago quarter were 70 cents.
In February, Express raised its per-share earnings view for the quarter to between 72 cents and 74 cents. Express noted that the extra week added about four cents in per-share earnings. Revenue increased 8.3% to $728.7 million, helped by $27 million in revenue from the extra week. Analysts most recently projected revenue of $722 million.

Is EXPR a Strong Buy After The Recent Gain? Let’s Find out Here

HollyFrontier Corp(NYSE:HFC) shares declined 3.52% to $51.24. The company, on Mar. 19, announced the pricing of the public offering of 1,875,000 common units representing limited partner interests to be issued and sold by us, and 1,875,000 common units to be sold by HFC and certain of its affiliates as selling unitholders. The common units were priced at $40.80 per common unit. In connection with the offering, we granted the underwriters a 30-day option to purchase up to 281,250 additional common units from us and up to 281,250 additional common units from the selling unitholders. We expect to close the sale of the common units on March 22, 2013.

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

Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) shares dropped 3.37% to $26.13. CRZO’s stock had its target price increased by BMO Capital Markets from $22.00 to $25.00 in a research note issued to investors on Mar. 4. The firm currently has a market perform rating on the stock.
Additionally, the company, on Feb. 26, announced the Company's record financial results for the fourth quarter of 2012. Adjusted revenues were $116.7 million for the fourth quarter of 2012. The Company reported net income of $18.5 million, or $0.47 and $0.46 per basic and diluted share, respectively, for the three months ended December 31, 2012, as compared to net income of $6.5 million, or $0.17 and $0.16 per basic and diluted share, respectively, for the fourth quarter of 2011.

Should Investors Consider CRZO After The Recent price Action? Get Free Trend Analysis Here

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