Lakeway, NY -- (SBWIRE) -- 03/05/2013 -- ThePennyStockProfiler.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:-
Cooper Tire & Rubber Company (NYSE:CTB) shares dropped 2.84% to $24.49. The company last week reported a fourth quarter profit of $73 million, or $1.15 a share, down from $209 million, or $3.33 a share, a year earlier. Revenue increased 2.3% to $1.06 billion. Analysts most recently projected earnings of 85 cents on revenue of $1.03 billion.
Additionally, the company will begin trading ex-dividend on March 04, 2013. A cash dividend payment of $0.105 per share is scheduled to be paid on March 29, 2013. Shareholders who purchased CTB stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 50th quarter that CTB has paid the same dividend.
Get Latest News, Updates on CTB Here
Bill Barrett Corporation (NYSE:BBG) shares decreased 3.23% and closed at $17.38. Stifel Nicolaus maintained Bill Barrett with a Buy rating and lowered the price target from $24.00 to $22.00 on Feb. 22.
Additionally, the company, on Feb. 21, reported fourth-quarter net income of $14.0 million or $0.30 per share, compared to a loss of $37.8 million or $0.81 per share last year. Adjusted earnings for the quarter were $0.20 per share. Total operating and other revenues for the quarter dropped to $179.8 million from $208.5 million last year. Analysts expected earnings of $0.10 per share on revenue of $188.3 million for the quarter.
Is BBG a Strong Buying Opportunity After The Recent Slump? Find out Here
Forest Oil Corporation (NYSE:FST) shares dropped 3.22% and closed at $5.41. Analysts at Howard Weil lowered their price target on shares of FST from $9.00 to $7.00 in a research report issued to clients and investors yesterday. The firm currently has a “sector perform” rating on the stock.
The company, on Feb. 20, announced financial and operational results for the fourth quarter and full-year 2012 and provided year-end estimated proved reserves. For the three months ended December 31, 2012, Forest reported a net loss of $287 million, or $(2.48) per diluted share. Adjusted net earnings and earnings per share on a diluted basis was $17 million, or $0.14 per diluted share, compared to $20 million, or $0.18 per diluted share, in the corresponding 2011 period.
Is FST Signaling a Buy After The Sudden Gain? Don’t Miss Out Free Trend Analysis Here
Magnum Hunter Resources Corp (NYSE:MHR) shares declined 3.20% to $3.63. The company on Feb. 12, announced an operational update on each of the Company's upstream unconventional resource plays for the fourth quarter of 2012 which includes (i) the Eagle Ford Shale, (ii) the Williston Basin, and (iii) the Appalachia/Marcellus/Utica Shales. Additionally, the Company has also provided an operational update for the Company's midstream division, Eureka Hunter Pipeline, LLC ("Eureka Hunter").
Get latest News, Updates on MHR Here
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