Basic Material Decliners: Energy XXI (NASDAQ:EXXI), Sanchez Energy (NYSE:SN), Gastar Exploration (NYSEMKT:GST), Rentech (NASDAQ:RTK), Molycorp (NYSE:MCP)

Technology Stocks News 18

Energy XXI (Bermuda) Limited (NASDAQ:EXXI) on 23 June 2014 announced Senior Vice President of Investor Relations Stewart Lawrence will present at the Global Hunter Securities conference in Chicago on Wednesday, June 25, 2014 at 1:30 p.m. CDT. Energy XXI (Bermuda) Limited (NASDAQ:EXXI) stock performance was -5.08% in last session and finished the day at $22.78. Traded volume was 2.00million shares in the last session and the average volume of the stock remained 2.05million shares. The beta of the stock remained 1.54. Energy XXI (Bermuda) Limited (NASDAQ:EXXI) insider ownership is 2.10%.

Sanchez Energy Corp (NYSE:SN) CEO Antonio R. Sanchez III unloaded 425,000 shares of Sanchez Energy Corp stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $35.25, for a total value of $14,981,250.00. Following the sale, the chief executive officer now directly owns 407,000 shares of the company’s stock, valued at approximately $14,346,750. Sanchez Energy Corp (NYSE:SN) dropped -5.30 percent to $36.11 Tuesday on volume of 2.02million shares. The intra-day range of the stock was $35.50 to $37.92. Sanchez Energy Corp (NYSE:SN) has a market capitalization of $2.10billion.

Imperial Capital hoisted their price objective on shares of Gastar Exploration Inc (NYSE:GST) from $8.00 to $12.00 in a research note issued on Tuesday. The firm currently has an “outperform” rating on the stock. Imperial Capital’s price target would indicate a potential upside of 33.48% from the stock’s previous close. Gastar Exploration Inc (NYSEMKT:GST)’s stock on June 24, 2014 reported a decrease of -5.78% to the closing price of $8.47. Its fifty two weeks range is $2.42 -$9.10. The total market capitalization recorded $555.74million. The overall volume in the last trading session was 1.89million shares. In its share capital, GST has 61.82million outstanding shares.

Rentech, Inc. (NASDAQ:RTK) on June 16 announced a new long-term processing agreement between its subsidiaries, Fulghum Fibres Chile (Fulghum), Forestal Pacifico and Forestal Los Andes, and Astillas Exportaciones Limitada (Astex Ltda.), the Chilean subsidiary of Japan’s Mitsubishi Corporation. On Tuesday, shares of Rentech, Inc. (NASDAQ:RTK) dropped -5.36% to close the day at $2.47. Company return on investment (ROI) is 2.00% and its monthly performance is recorded as 6.93%.  Rentech, Inc. (NASDAQ:RTK) quarterly revenue growth is 35.71%.

Molycorp Inc (NYSE:MCP)’s stock was downgraded to Caa2 from Caa1 by Moody’s, outlook stable on June 19. Moody’s downgraded the corporate family rating of Molycorp to Caa2 from Caa1 and affirmed the B3 rating on the company’s senior secured notes. Molycorp Inc (NYSE:MCP) stock performance was -7.33% in last session and finished the day at $2.53. Traded volume was 6.06million shares in the last session and the average volume of the stock remained 4.91million shares. The beta of the stock remained 3.18. Molycorp Inc (NYSE:MCP) insider ownership is 19.60%.

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