Home / Street Sector / Eye Catching Active Stocks- International Business Machines (NYSE:IBM), Euronav (NYSE:EURN), MPLX (NYSE:MPLX)

Eye Catching Active Stocks- International Business Machines (NYSE:IBM), Euronav (NYSE:EURN), MPLX (NYSE:MPLX)

Several matter pinch shares of International Business Machines Corporation (NYSE:IBM) [Trend Analysis], as shares surging 1.60% to $147.25 with a share volume of 3.58 Million. International Business Machines Corp. (IBM) reported this week quietly laid off employees, continuing a wave of job cuts the company announced in April. IBM (IBM) declined to say how many jobs would be cut overall. The total layoffs could affect more than 14,000 jobs, according to an estimate by Stanford Bernstein analyst Toni Sacconaghi.

The job cuts come after four straight years of declining revenues as the rise of cloud computing threatens its software and services business. IBM has said it would restructure its workforce to retool for cloud services and data analysis, and could hire an equal number of new employees by the end of the year. The stock is going forward its 52-week low with 27.28% and moving down from its 52-week high price with -12.37%. To have technical analysis views, liquidity ratio of a company was calculated 1.40 as evaluated with its debt to equity ratio of 3.05. The float short ratio was 2.18%, as compared to sentiment indicator; Short Ratio was 4.78.

Euronav NV (NYSE:EURN) [Trend Analysis] luring active investment momentum, shares an advance 1.34% to $9.86. Euronav NV (NYSE:EURN) reported that it has decided with Bretta Tanker Holdings Inc. to terminate its Suezmax joint venture. The joint venture covers four Suezmax vessels: the Captain Michael (2012 – 157,648 dwt), the Maria (2011 – 157,523 dwt), theEugenie (2010 – 157,672 dwt) and the Devon (2011 – 157,642 dwt).

Euronav will assume full ownership of the two youngest vessels, the Captain Michael and the Maria, and Bretta will assume full ownership of the Eugenie and the Devon. Euronav will compensate its partner for the difference in value due to the younger age profile of the ships it will own, as well as the voyages in progress and will pay Bretta the sum of USD 15.1 million upon closing the transaction which is foreseen to take place in the current quarter. The total volume of 1.42 Million shares held in the session was surprisingly higher than its average volume of 1234.74 shares. EPS estimates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at -11.70%, and looking further price to next year’s EPS is -44.40%. While take a short look on price to sales ratio, that was 1.82 and price to earning ratio of 4.11 attracting passive investors.

Shares of MPLX LP (NYSE:MPLX) [Trend Analysis] runs in leading trade, it surging 4.60% to traded at $33.17. The firm has price volatility of 4.31% for a week and 3.96% for a month. Its beta stands at 1.48 times. MPLX LP (MPLX) declared that its wholly owned subsidiary, MarkWest Energy Partners, L.P., this month began operations of its Hidalgo Complex in the Delaware Basin to support Cimarex Energy and Chevron U.S.A.

The Hidalgo Complex, a 200 million cubic-feet-per-day cryogenic gas processing facility in Culberson County, Texas, is already running at approximately 60 percent utilization, less than two weeks after it began operations. One of the largest gas processors in the United States, MPLX now operates approximately 7.5 billion cubic feet per day (Bcf/d) of total processing capacity. Nearly 1.5 Bcf/d of MPLX`s processing capacity is dedicated to producer customers operating in Oklahoma and Texas. Narrow down four to firm performance, its weekly performance was 6.86% and monthly performance was 3.50%. The stock price of MPLX is moving up from its 20 days moving average with 6.02% and isolated positively from 50 days moving average with 12.44%.


About Devon Leftovich

Check Also

Short Call on Analysts Review- Petroleo Brasileiro S.A. – Petrobras (NYSE:PBR), First Majestic Silver Corp. (NYSE:AG)

Petroleo Brasileiro S.A. – Petrobras (NYSE:PBR) [Trend Analysis] considering as most desiring stocks in active …

Leave a Reply

Your email address will not be published. Required fields are marked *