Stocks in News: Eastman Chemical Company, ENSCO PLC, Marathon Oil Corporation, SINA Corp

Lakeway, TX -- (SBWIRE) -- 02/26/2013 -- 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:-

Eastman Chemical Company (NYSE:EMN) shares dropped 5.15% and closed at $68. The company yesterday announced a quarterly dividend on Monday, February 25th. Stockholders of record on Friday, March 15th will be paid a dividend of $0.30 per share on April 1. This represents a $1.20 annualized dividend and a dividend yield of 1.76%. The ex-dividend date is March 13.

Additionally, the company, on Jan. 31, reported a fourth quarter net loss of $54 million or $0.35 per share. Adjusted earnings for the fourth quarter were $1.19 per share. Sales rose 26% to $2.17 billion. Analysts expected the company to earn $1.19 per share on revenue estimate of $2.24 billion.

How Should Investors Trade EMN After The Solid Jump? Let’s Find Out Here

ENSCO PLC (NYSE:ESV) shares fell 5.11% and closed at $58.35 in the last trading session after ESV’s stock had its target price trimmed by Barclays Capital from $79.00 to $75.00 in a report issued yesterday. They currently have an overweight rating on the stock.

Additionally, the company, on Feb. 20, reported diluted earnings per share from continuing operations of $1.04 in fourth quarter 2012, as compared to $0.97 per share in fourth quarter 2011. Earnings from discontinued operations in fourth quarter 2011 were $0.02 per share. Diluted earnings per share were $0.94 in fourth quarter 2012, compared to $0.99 in fourth quarter 2011.

Is ESV Ready To Jump Again After The Solid Momentum? Get Free Trend Analysis Here

Marathon Oil Corporation (NYSE:MRO) shares dropped 5.10% and closed at $32.94. Oppenheimer raised their price target on shares of Marathon Oil from $40.00 to $45.00 in a research note issued on Feb. 19. The firm currently has an “outperform” rating on the stock.

Additionally, the company posted its quarterly earnings results on February 6. The company reported $0.55 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.69 by $0.14. The company had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.09 billion.

Is MRO Buy After The Recent Price Movement? Find Out Here

SINA Corp (NASDAQ:SINA) stock dropped 5.07% to $52.26. Maxim Group last week reiterated its Sell rating and $44.00 price target on Sina.

Additionally, the company, on Feb. 19, reported fourth quarter net revenues of $139.1 million, compared to $133.4 million for the same period last year. Non-GAAP net revenues totaled $134.4 million. Fourth quarter net income was $2.4 million, versus $9.3 million for the same period last year. Diluted net income per share attributable to SINA for the fourth quarter of 2012 was $0.03.

Is SINA Buy After The Recent Price Movement? Find Out Here

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