Stocks to Track: Penn West Petroleum Ltd, Citigroup Inc., TriQuint Semiconductor, Molycorp Inc

Dallas, TX -- (SBWIRE) -- 03/11/2013 -- 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:-

Penn West Petroleum Ltd (USA) (NYSE:PWE) shares gained 3.80% to $10.65. The company, on Feb. 14, updated its fiscal 2013 guidance and expects production of between 135,000 and 145,000 boe per day. The company is a Canadian exploration and production company. Penn West is engaged in the business of acquiring, exploring, developing, exploiting and holding interests in petroleum and natural gas properties and related assets.

Get Latest News, Updates on PWE Here

Citigroup Inc. (NYSE:C) shares gained 3.73% to $46.68. The company was above a minimum generally accepted regulatory capital standard based on initial Federal Reserve stress test results released yesterday seeking to find out if the big bank can withstand a deep recession. Specifically, the test, designed to assess whether the bank had the reserves necessary to withstand another crisis like the credit crunch of 2008, showed that Citigroup had 8.3% of capital set aside under a measure called Tier 1 common ratio, above the generally accepted standard of 5%.

Additionally, the company, on Mar. 7, released certain disclosures required by the rules of the Federal Reserve Board (FRB) in connection with the 2013 annual supervisory stress tests.

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

TriQuint Semiconductor (NASDAQ:TQNT) shares fell 3.88% to $4.46. Zacks reiterated their neutral rating on shares of TQNT in a research note issued to investors prior last week. The firm currently has a $4.75 target price on the stock. Additionally, analysts at Raymond James downgraded shares of TriQuint from a market perform rating to an underperform rating in a research note to investors on February 21.

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

Molycorp Inc (NYSE:MCP) shares increased 3.71% to $4.75. The company, prior last week, announced that it will require an extension of time to file its Annual Report on Form 10-K. The Form 10-K would otherwise have been required to be filed no later than March 1, 2013.

Additionally, the company also said it is delaying its quarterly results and its annual report as it has yet to determine the size of a goodwill impairment charge that will be recorded in the fourth quarter. The company was originally expected to report financial results for the fourth quarter and full year ended December 31. It said it now expects to file its annual report by March 15 and will reschedule its fourth-quarter and full-year 2012 earnings conference call to coincide with this filing.

Get latest News, Updates on MCP Here

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