Noven Pharmaceuticals, Take Two Interactive Software and American Capital Agency lead small-cap volume in pre-market
Noven Pharmaceuticals Inc. (Nasdaq:NOVN), Take Two Interactive Software Inc. (Nasdaq:TTWO) and American Capital Agency Corp. (Nasdaq:AGNC) are among the most actively traded companies in Tuesday's trading among companies with market capitalizations under $1 billion.
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Also included among the results: CardioNet Inc. (Nasdaq:BEAT), A Power Energy Generation Systems Ltd. (Nasdaq:APWR), ATP Oil & Gas Corporation (Nasdaq:ATPG), RINO International Corp. (Nasdaq:RINO), Spartan Motors Inc. (Nasdaq:SPAR) and Energy Conversion Devices Inc. (Nasdaq:ENER).
Deluxe, DineEquity and Kohlberg Capital lead small-cap percentage gainers
Deluxe Corp. (Nasdaq:DLX), DineEquity Inc. (Nasdaq:DIN) and Kohlberg Capital Corp. (Nasdaq:KCAP) are among the biggest percentage gainers in Thursday's trading among companies with market capitalizations under $1 billion.
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Also included among the results: Hi-Tech Pharmacal Inc. (Nasdaq:HITK), Rigel Pharmaceuticals Inc. (Nasdaq:RIGL), ATP Oil & Gas Corporation (Nasdaq:ATPG), Greenbrier Companies Inc. (Nasdaq:GBX), Investors Title Co. (Nasdaq:ITIC) and Oriental Financial Group Inc. (Nasdaq:OFG).
Lawson Software, Spectrum Pharmaceuticals and China Housing & Land Development lead small-cap volume in pre-market
Lawson Software Inc. (Nasdaq:LWSN), Spectrum Pharmaceuticals Inc. (Nasdaq:SPPI) and China Housing & Land Development Inc. (Nasdaq:CHLN) are among the most actively traded companies in Tuesday's trading among companies with market capitalizations under $1 billion.
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Also included among the results: Geron Corp. (Nasdaq:GERN), ATP Oil & Gas Corporation (Nasdaq:ATPG), TriQuint Semiconductor Inc. (Nasdaq:TQNT), Omniture Inc. (Nasdaq:OMTR), Allos Therapeutics Inc. (Nasdaq:ALTH) and Acorda Therapeutics Inc. (Nasdaq:ACOR).
Spectrum Pharmaceuticals, Geron and Force Protection lead small-cap volume in pre-market
Spectrum Pharmaceuticals Inc (Nasdaq:SPPI), Geron Corp (Nasdaq:GERN) and Force Protection Inc (Nasdaq:FRPT) are among the most actively traded companies in Monday's trading among companies with market capitalizations under $1 billion.
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Also included among the results: Matrixx Initiatives (Nasdaq:MTXX), Century Aluminum Co (Nasdaq:CENX), ATP Oil & Gas Corporation (Nasdaq:ATPG), CardioNet Inc (Nasdaq:BEAT), Solarfun Power Holdings Co Ltd (Nasdaq:SOLF) and Fuqi International Inc (Nasdaq:FUQI).
Matrixx Initiatives, A Power Energy Generation Systems and Medicines lead small-cap volume in pre-market
Matrixx Initiatives (Nasdaq:MTXX), A Power Energy Generation Systems Ltd. (Nasdaq:APWR) and Medicines Co. (Nasdaq:MDCO) are among the most actively traded companies in Friday's trading among companies with market capitalizations under $1 billion.
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Also included among the results: ATP Oil & Gas Corporation (Nasdaq:ATPG), AgFeed Industries Inc. (Nasdaq:FEED), Century Aluminum Co. (Nasdaq:CENX), China Medical Technologies Inc. (Nasdaq:CMED), Fuqi International Inc. (Nasdaq:FUQI) and Spectrum Pharmaceuticals Inc. (Nasdaq:SPPI).
Savient Pharmaceuticals, ATP Oil & Gas Corporation and Wind River Systems lead small-cap volume in pre-market
Savient Pharmaceuticals Inc. (Nasdaq:SVNT), ATP Oil & Gas Corporation (Nasdaq:ATPG) and Wind River Systems Inc. (Nasdaq:WIND) are among the most actively traded companies in Friday's trading among companies with market capitalizations under $1 billion.
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Also included among the results: JA Solar Holdings Co Ltd. (Nasdaq:JASO), Century Aluminum Co. (Nasdaq:CENX), ArcSight Inc. (Nasdaq:ARST), Tongxin International Ltd. (Nasdaq:TXIC), Solarfun Power Holdings Co Ltd. (Nasdaq:SOLF) and China Sunergy Co Ltd. (Nasdaq:CSUN).
Tree.com, Renesola and Benihana National lead small-cap percentage losers
Tree.com Inc. (Nasdaq:TREE), Renesola(Nasdaq:SOL) and Benihana National Corp. (Nasdaq:BNHNA) are among the biggest percentage losers in Thursday's trading among companies with market capitalizations under $1 billion.
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Also included among the results: Gainsco Inc. (Nasdaq:GAN), Starlims Technologies Ltd. (Nasdaq:LIMS), Transcept Pharmaceuticals Inc. (Nasdaq:TSPT), Fuqi International Inc. (Nasdaq:FUQI), Genesee & Wyoming Inc. (Nasdaq:GWR) and ATP Oil & Gas Corporation (Nasdaq:ATPG).
Century Aluminum, China Sunergy and EV Energy Partners lead small-cap volume in pre-market
Century Aluminum Co. (Nasdaq:CENX), China Sunergy Co Ltd. (Nasdaq:CSUN) and EV Energy Partners L P (Nasdaq:EVEP) are among the most actively traded companies in Thursday's trading among companies with market capitalizations under $1 billion.
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Also included among the results: ATP Oil & Gas Corporation (Nasdaq:ATPG), Chindex International Inc. (Nasdaq:CHDX), Eagle Bulk Shipping Inc. (Nasdaq:EGLE), Solarfun Power Holdings Co Ltd. (Nasdaq:SOLF), Hercules Offshore Inc. (Nasdaq:HERO) and Internet Gold-Golden Lines Ltd. (Nasdaq:IGLD).
Superior Well Services, Petroleum Development and WNS Holdings lead small-cap percentage losers
Superior Well Services Inc. (Nasdaq:SWSI), Petroleum Development Corp.(Nasdaq:PETD) and WNS Holdings Ltd. (Nasdaq:WNS) are among the biggest percentage losers in Monday's trading among companies with market capitalizations under $1 billion.
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Also included among the results: ATP Oil & Gas Corporation (Nasdaq:ATPG), Smith & Wesson Holding Corp.(Nasdaq:SWHC), Dycom Industries Inc.(Nasdaq:DY), BPZ Resources Inc.(Nasdaq:BPZ), Layne Christensen Co.(Nasdaq:LAYN) and CTS Corp.(Nasdaq:CTS).
DryShips, Osiris Therapeutics and Solarfun Power Holdings lead small-cap volume in pre-market
DryShips Inc. (Nasdaq:DRYS), Osiris Therapeutics Inc. (Nasdaq:OSIR) and Solarfun Power Holdings Co Ltd. (Nasdaq:SOLF) are among the most actively traded companies in Friday's trading among companies with market capitalizations under $1 billion.
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Also included among the results: Canadian Solar Inc. (Nasdaq:CSIQ), Sun Bancorp Inc. (Nasdaq:SNBC), ATP Oil & Gas Corporation (Nasdaq:ATPG), Energy Conversion Devices Inc. (Nasdaq:ENER), NBT Bancorp Inc. (Nasdaq:NBTB) and UAL Corp. (Nasdaq:UAUA).
DryShips, FiberNet Telecom Group and Canadian Solar lead small-cap volume in pre-market
DryShips Inc (Nasdaq:DRYS), FiberNet Telecom Group Inc (Nasdaq:FTGX) and Canadian Solar Inc (Nasdaq:CSIQ) are among the most actively traded companies in Friday's trading among companies with market capitalizations under $1 billion.
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Also included among the results: ATP Oil & Gas Corporation (Nasdaq:ATPG), Eagle Bulk Shipping Inc (Nasdaq:EGLE), DrdGold ADR (Nasdaq:DROOY), Force Protection Inc (Nasdaq:FRPT), TBS International Ltd (Nasdaq:TBSI) and James River Coal Co (Nasdaq:JRCC)
DryShips, Excel Maritime Carriers and Eagle Bulk Shipping lead small-cap percentage gainers
DryShips Inc (Nasdaq:DRYS), Excel Maritime Carriers Ltd (Nasdaq:EXM) and Eagle Bulk Shipping Inc (Nasdaq:EGLE) are among the biggest percentage gainers in Tuesday's trading among companies with market capitalizations under $1 billion.
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Also included among the results: Genco Shipping & Trading Ltd (Nasdaq:GNK), Safe Bulkers Inc (Nasdaq:SB), KMG Chemicals Inc (Nasdaq:KMGB), ATP Oil & Gas Corporation (Nasdaq:ATPG), Hi-Tech Pharmacal Inc (Nasdaq:HITK) and TBS International Ltd (Nasdaq:TBSI).
Hot Topic, Central European Media Enterprises and Diamond Foods lead small-cap volume in pre-market
Hot Topic, Inc (Nasdaq:HOTT), Central European Media Enterprises Ltd (Nasdaq:CETV) and Diamond Foods Inc (Nasdaq:DMND) are among the most actively traded companies in Thursday's trading among companies with market capitalizations under $1 billion.
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Also included among the results: AeroVironment Inc (Nasdaq:AVAV), ATP Oil & Gas Corporation (Nasdaq:ATPG), II VI Inc (Nasdaq:IIVI), Questcor Pharmaceuticals Inc (Nasdaq:QCOR), ViroPharma Inc (Nasdaq:VPHM) and Silver Standard Resources Inc (Nasdaq:SSRI). Here are the most actively traded companies among small caps:
Modest rise; energy, tech, retail stocks lag financials
Small-cap stocks edged slightly higher in a relatively tame post-holiday session, climbing into positive ground just minutes before the close, with support from financial, manufacturing and construction stocks countered by a weak tone in energy and technology shares. Also, retailer stocks were struggling on an important day that signals the kick-off for holiday shopping.
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The Russell 2000 (NYSE:IWM) closed up 4.28, or 0.91% at 473.14, putting the finishing touches on a stellar week (which saw the Dow have the best percentage gain in more than 70 years). For 2008, the Russell 2000 is now down 38%. Meanwhile, the Dow is down 33% and the S&P 500 is off 39% for 2008. Crude oil prices took a hit today, with futures down 5% and the price of crude slipping back below $52 a barrel. Energy shares were a major drag on the overall market performance today, with the Energy Select Sector SPDR Fund off some 1.7%. Tech stocks started out the day in a dour mood following declines in Europe when major chip-maker STMicroelectronics lowered its outlook. Tech shares persistently trailed major indices today and the tech-laden Nasdaq 100 dipped 0.6%. Europe shares struggled in general today following news that unemployment rates in the Eurozone tumbled to 20-month highs and confidence tumbled to 15-year lows. Dow component Wal-Mart Stores Inc. (NYSE:WMT) – the only Dow stock up for the year – took a 1.4% hit today, perhaps tied to news that an employee was killed in the rush of Black Friday shoppers when a store in New York opened early this morning. Four shoppers, including a pregnant woman, were also treated for injuries in the stampede incident, adding a new somber meaning to the “Black Friday” moniker. The S&P Retail Index was down 1.7% today, perhaps a caution sign for not just retailers, but the overall consumer spending mentality heading through year-end. However, there remains a sense that much of the “bad news” about the holiday season and the . . .
Small caps make it 4 in a row; investors thanking "Obama-nomics"
Small-cap stocks remained in an upward holding pattern ahead of Thursday’s Thanksgiving Day holiday in the United States, with the Russell 2000 (NYSE:IWM) notching four consecutive higher closes for just the second time since the Memorial Day holiday back in late May. Technology shares, energy stocks and telecoms helped power the rise today. In addition, investors continue to applaud President-elect Obama’s choices for his economic team, this time giving a thumbs up for his choice of chief for his economic advisory board – former Federal Reserve Chairman Paul Volcker. The Russell 2000 closed up 25.68, or 5.79%, at 468.86 and is now down 39% for 2008. The Dow trailed gains in small caps, gaining just 2.91% Wednesday, but is still beating small caps for the year, with a loss of 34%. The S&P 500 was up 3.53% Wednesday and is down 40% for the year.
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The higher close today flew in the face of a bevy of dreary economic data, highlighted by a durable goods report that showed orders fell off 6.2%, the largest drop in more than two years. Durables can be a volatile data series, and is sometimes written off when a big swing in aircraft orders skews the numbers. But this time around, the drop in orders was broad-based and shipments were down as well, not a good sign for the manufacturing sector of the U.S. economy. Speaking of manufacturing, a report on Midwest manufacturing – the Chicago Purchasing Manager’s Survey – came in at 33.8, which wasn’t just well off the forecast of 38.0, but was also the lowest reading in 26 years. Elsewhere on the data front, the weekly unemployment claims met projections, but was still dreadfully close to last week’s 26-year highs on continuing claims. New home sales tumbled 5.3% to the lowest level since January 1991. And oh yeah, just to emphasize a worrisome picture into the holiday season, consumer sentiment as measured by the Michigan sentiment survey tumbled to 55.3, below . . .
Russell takes flight; ATPG, OEH, and AXL lead gainersSmall-cap stocks took flight into mid-session trading, outperforming large caps as investors appeared more confident in looking for “riskier” fare following three days of rallies – at least on the stock market side of things. Some of today’s small-cap gainers are ATP Oil & Gas Corporation (Nasdaq:ATPG), Orient Express Hotels Ltd. (NYSE:OEH) and American Axle & Manufacturing. (NYSE:AXL).
Other Market Watch highlights today included: • Tire and rubber, coal, homebuilding, metal and mining and even hotel stocks were attracting buyers so far today. Nov 26, 2008 12:58pm • Office electronics were up, and so were construction-themed companies. Nov 26, 2008 12:58pm • Looking at sector activity, automobile manufacturers were on a roll today, with General Motors Corp. up 31%. Nov 26, 2008 12:57pm • The market seemed willing to cast aside a batch of mostly awful economic data from this morning as no surprise. Small Cap Gainers: • ATP Oil & Gas Corporation jumped 30% as the offshore oil and gas firm tried to mount a lasting rally after setting long-term lows last week. See (Nasdaq:ATPG). • Orient Express Hotels Ltd. rallied 27% as the luxury hotelier and travel company appeared to attract bargain hunters in the hotel group. See (NYSE:OEH). • American Axle & Manufacturing up 24% after declaring a Q4 dividend earlier this week. See (NYSE:AXL). • SeaChange International Inc. is up 23% as the video-on-demand software firm benefited from an earnings-related boost. See (Nasdaq:SEAC). Small Cap Losers: • Safe Bulkers drops another 15% today on light volume. See (NYSE:SB). • Arbor Realty Trust down 15% on lower-than-average volume, hovering above a 52-week low of $1.77. See (NYSE:ABR). • Signet Jewelers reports disappointing Q3 09 results; shares dive 11%. See (NYSE:SIG). • J. Crew Group shares fall 7% on weak outlook. See (NYSE:JCG).
Small caps pace midday surge; investors shrug off econ dataSmall-cap stocks took flight into mid-session trading, outperforming large caps as investors appeared more confident in looking for “riskier” fare following three days of rallies – at least on the stock market side of things. At 12:40 p.m. ET, the Russell 2000 (NYSE:IWM) was up 12.38, or 2.79%, at 455.56. Demand for U.S. assets appeared quite brisk today, with stocks higher, Treasury bonds and notes higher and the dollar climbing against 1.6% against the euro, and reversing earlier losses against the yen to gain 0.2% on that currency. Even with a firm greenback, commodities were doing just fine, with the Commodity Research Bureau Index of 19 physical markets up nearly 1% and crude oil prices climbing 3.5% after holding key chart support near the $50-dollar-a-barrel range. As a result, energy shares were doing well today, with the Energy Select Sector SPDR Fund up more than 1%. The market seemed willing to cast aside a batch of mostly awful economic data from this morning as no surprise. There is a general perception that when the market turns it will take place long before the actual economy bottoms out, and that psychology continues to attract bargain hunters who aren’t too shell shocked from the historic September collapse. Investors also appeared to get a lift from news that President-elect Obama named former Fed chief Paul Volcker as the chief for his economic advisory board, saying they will implement a growth plan from “day one.” Looking at sector activity, automobile manufacturers were on a roll today, with General Motors Corp. (NYSE:GM) up 31% and Ford Motor Co. (NYSE:F) up 21%. Office electronics were up, and so were construction-themed companies. Tire and rubber, coal, homebuilding, metal and mining and even hotel stocks were attracting buyers so far today. Looking at individual small caps ATP Oil & Gas Corporation (Nasdaq:ATPG) jumped 30% as the offshore oil and gas firm was in a familiar small-cap theme: trying to mount a lasting rally after setting long-term lows last week. Orient Express Hotels Ltd. (NYSE:OEH) rallied 27% as the luxury hotelier and travel company appeared to attract bargain hunters in the hotel group. SeaChange International Inc. (Nasdaq:SEAC) was up 23% as the video-on-demand software firm benefited from an . . .
ATP Oil & Gas, Tesco, and Orient Express Hotel lead small cap gainers
ATP Oil & Gas Corporation (Nasdaq:ATPG), Tesco Corp. (Nasdaq:TESO) and Orient Express Hotels Ltd. (Nasdaq:OEH) are among the biggest percentage gainers in Wednesday's trading among companies with market capitalizations under $1 billion.
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Also included among the results: Meritage Homes Corp. (Nasdaq:MTH), SeaChange International Inc. (Nasdaq:SEAC), iPCS Inc. (Nasdaq:IPCS), Hill International Inc. (Nasdaq:HIL), Key Technology Inc. (Nasdaq:KTEC) and Solarfun Power Holdings Co Ltd. (Nasdaq:SOLF).
Small-cap stocks tumbled; PENN, PPC, and ATPG lead gainers
Small-cap stocks tumbled to fresh move lows early Monday, slipping to the lowest point on intraday charts since August 2003, but mounted a nice recovery rally on a stronger-than-forecast new home sales release. The early decline was fueled by steep losses in global equity trading overnight, which underscored fear of a global growth slowdown. Today’s small-cap gainers are Penn National Gaming (Nasdaq:PENN), Pilgrim’s Pride (NYSE:PPC) and ATP Oil & Gas (Nasdaq:ATPG).
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Other Market Watch highlights today included: • Commodities in general were taking a hit this morning, pulled down by a strong tone in the U.S. dollar, which rose to the highest point versus the euro since April 2006. • Small caps tumbled to fresh move lows early Monday, slipping to the lowest point on intraday charts since August 2003, but mounted a nice recovery on a stronger-than-forecast new home sales release. • Looking at the chart picture, if the Russell quickly cascades through Friday’s low this morning, then it opens the door to another leg down. • The strong dollar and fears of a global recession took a toll on commodities, with crude oil down more than $2 a barrel. • Global stock markets were on fire sale, with Japan’s Nikkei sinking 6% to the lowest close since 1982, while Hong Kong’s Hang Seng index collapsed 12.7%, the largest 1-day drop in 9 years. Small Cap Gainers: • Penn National Gaming up 12% after Q3 EPS vaulted on settlement payment, raises 2008 earnings guidance. See (Nasdaq:PENN). • Pilgrim's Pride gets extension on temporary waiver under its credit facilities through November 26, up 11%. See (NYSE:PPC). • ATP Oil & Gas to buyback 10% of shares outstanding, shares gain 11%. See (Nasdaq:ATPG). • Sohu.com posts Q3 above the Street, guides Q4 above estimates, initiates $150M share repurchase program. See (Nasdaq:SOHU). Small Cap Losers: • Natures Sunshine Products Inc. is down 36%, gapping lower, but on light volume. See (Nasdaq:NATR). • Timken sinks 30% on no fresh news. See (NYSE:TKR). • Bolt Technology skids 28% on no fresh news. See (Nasdaq:BOLT) • Seanergy Maritime Corp. is off about 27%, also on a light volume opening slide. See (Nasdaq:SHIP). • Ariba slides 20% despite an upgrade by Cowen and actions to streamline its sourcing and contract management processes. (Nasdaq:ARBA).
DryShips, A Power Energy Generation Systems and Dendreon lead small-cap volume in pre-market
DryShips Inc. (Nasdaq:DRYS), A Power Energy Generation Systems Ltd (Nasdaq:APWR) and Dendreon Corp. (Nasdaq:DNDN) are among the most actively traded companies in Friday's trading among companies with market capitalizations under $1 billion.
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Also included among the results: Canadian Solar Inc. (Nasdaq:CSIQ), Pozen Inc. (Nasdaq:POZN), Clean Energy Fuels Corp. (Nasdaq:CLNE), American Superconductor Corp. (Nasdaq:AMSC), Aladdin Knowledge Systems Ltd (Nasdaq:ALDN) and ATP Oil & Gas Corporation (Nasdaq:ATPG). Here are the most actively traded companies among small caps:
Epic rally as bargain hunters rush back inSmall-cap stocks remained in rally mode today, starting out the week with a bang after staging a remarkable 11.5% rally off the lows late Friday afternoon. Investors rushed in to snap up bargains, buoyed by hope that another round of global rescue measures would fortify recent lows as the recession bottom. The Russell 2000 (NYSE:IWM) closed up 48.41, or 9.26% at 570.89, generating the largest one-day advance of the year. For the year, the Russell is now down 25.4%, while the Dow is off 29.2% and the S&P 500 is down 31.6%. Amazingly, the Russell is now up more than 20% from the low, but I doubt if any market pundits will be rushing to say this is now a bull market. Investors seemed to be more confident that governments around the world were now approaching the credit crisis with a concerted, determined effort to unthaw frozen lending lines and not just responding to each new failure on a piecemeal basis. Either that, or the market was simply oversold after historic recent declines and ripe for a big corrective bounce. If you are in the camp that believes the measures are moving into place to protect the global financial system, then weekend news that government bodies in the United Kingdom, France, Germany and the United State would pour billions into teetering banks, guarantee interbank loans and even purchase equity in key financial institutions appeared to be the perfect tonic to soothe fears about a deep recession spawned by an international lending crisis. The Libor has become the litmus test for the lack of trust in the lending community, and rates fell hard overnight after the latest round of worldwide rescue measures were announced. If you’re curious, Libor stands for the London Interbank Offered Rate and it is the rate at which banks lend money to each other in the wholesale money market. It’s supposed to be somewhat comparable to the Fed funds rate, but right now the Fed funds target is at 1.5% while the Libor rate (for the dollar) is closer to 4.7% Interestingly, financial and bank shares actually lagged the overall market rise today, as commodity, insurance and healthcare stocks powered the rally. Automobile manufacturers were particularly strong, with General Motors Corp. (NYSE:GM) jumping some 28% as talk circulated that GM was considering some . . .
Biodel, Safe Bulkers and Hecla Mining among 52-week lows
Biodel Inc. (Nasdaq:BIOD), Safe Bulkers Inc. (Nasdaq:SB) and Hecla Mining Co. (Nasdaq:HL) are among the new 52-week lows in Monday's trading among companies with market capitalizations under $1 billion.
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Also included among the results: Rubicon Technology Inc. (Nasdaq:RBCN), ATP Oil & Gas Corporation (Nasdaq:ATPG), Britannia Bulk Holdings Inc. (Nasdaq:DWT), Parallel Petroleum Corp. (Nasdaq:PLLL), Flotek Industries Inc. (Nasdaq:FTK) and MAXXAM Inc. (Nasdaq:MXM). Here are the new 52-week lows among small caps:
DrdGold, CommVault Systems and CastlePoint Holdings lead small-cap volume in pre-market
DrdGold ADR (Nasdaq:DROOY), CommVault Systems Inc (Nasdaq:CVLT) and CastlePoint Holdings (Nasdaq:CPHL) are among the most actively traded companies in Tuesday's trading among companies with market capitalizations under $1 billion.
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Also included among the results: Hawaiian Holdings Inc (Nasdaq:HA), Cutera Inc (Nasdaq:CUTR), ATP Oil & Gas Corporation (Nasdaq:ATPG), Sykes Enterprises Inc (Nasdaq:SYKE), IPG Photonics Corp (Nasdaq:IPGP) and Iconix Brand Group Inc (Nasdaq:ICON). Here are the most actively traded companies among small caps:
Gulf Island Fabrication: In an octopus's gardenInvestors looking to strike it rich with a play in oil have many avenues to explore, including the exploration sector itself, where they’ll find the likes of Gulf Island Fabrication Inc. (Nasdaq:GIFI). Based in Houma, La., Gulf Island Fabrication is a leading builder of offshore drilling and production platforms, along with other structures needed to harvest oil and natural gas from deep under the sea. Operating under four subsidiaries — Gulf Island LLC, Gulf Marine Fabricators, Dolphin Services LLC and Southport LLC — the company employs about 1,900, including 1,100 at its Louisiana facilities. Four of Gulf Island’s six fabrication yards are along the Houma Navigation Channel, about 30 miles from the Gulf of Mexico. The others are near Corpus Christi, Texas. The company says demand for its goods and services is coming from operations in the Gulf, North and West Africa, Latin America, the Caribbean, the Middle East, offshore Canada and the North Sea. In 2007, deepwater projects accounted for 78% of revenue, and foreign destinations generated 24% of revenue. Four analysts who follow Gulf Island Fabrication have a cautiously positive opinion, with three rating the stock a “hold” and another calling it a “strong buy,” according to Thomson Reuters. The 12-month median price target for Gulf Island is $39.50 — a level that the stock blasted through since its April 23 first-quarter earnings release. Shares closed Thursday at $43.46. Gulf Island Fabrication posted blowout numbers for the three months ended March 31. Revenue climbed to $123.7 million, from $109.4 million a year earlier. Net income tripled to $13.4 million, compared with $4.4 million the year before, while earnings per share rose to $0.94, from $0.31. And the company pays quarterly dividends, now $0.10 a share. The stock has seen a rapid rise since bottoming at a 52-week low of $24.88 on Feb. 1. Shares of Gulf Island Fabrication, which teased the $40 level in late 2006 and again last fall, have solidly crossed that threshold, hitting an all-time high of . . . spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer spacer
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