Stocks Trapped in Bearish Claws: Cliffs Natural Resources Inc. (NYSE:CLF), Diamond Offshore Drilling, Inc. (NYSE:DO)

Cliffs Natural Resources Inc. (NYSE:CLF) also run on active notice, stock price plummeted -3.81% after traded at $9.34 in most recent trading session. Cliffs Natural Resources Inc. (CLF) reported that it has redeemed in full, as set forth in notices of redemption issued on February 13, 2017, all of its outstanding 8.00% 1.5 lien senior secured notes due 2020 and 7.75% second lien senior secured notes due 2020.

The aggregate principal amount outstanding of debt redeemed was $649 million. These redemptions decrease annualized interest expense by over $50 million and further simplify the Company’s capital structure by eliminating two series of secured debt entirely.

CLF has price to earnings ratio of 9.42 and the price to current year EPS stands at 42.30%. Whereas the traders who further want to see about this, may be interested to see Price to next year’s EPS that would be -4.48%. Moving toward ratio analysis, it has current ratio of 2.10 and quick ratio was calculated as 1.40.

Taking notice on volatility measures, price volatility of stock was 7.86% for a week and 6.32% for a month. The price volatility’s Average True Range for 14 days was 0.69. On these bases, analysts would recommend this stock as an “Active Revolving Stocks.” The firm attains analyst recommendation of 3.00 out of 1-5 scale with week’s performance of 4.36%. CLF’s institutional ownership was registered as 51.00%, while insider ownership was 1.90%.

Diamond Offshore Drilling, Inc. (NYSE:DO) persists its position slightly strong in context of buying side, while shares price increased 1.17% during latest trading session.

Narrow down focus to other ratios, the co has current ratio of 1.50 that indicates if DO lies in 1.3% to 3% then it is acceptable for both active and passive investors, but sometimes its varies industry to industry. To make strengthen these views, the active industry firm has Quick Ratio of 1.50, which indicates firm has sufficient short-term assets to cover its immediate liabilities. In addition, the firm has debt to equity ratio of 0.56, sometimes it remain same with long term debt to equity ratio.

 

About Richard Avery

He is a capital projects manager and process design engineer at a large-cap company. He has renowned MBA degree. Before joining SWR, he was a freelance writer for renounce tech websites. He is currently studying for CFP exam. Interests: Tech stocks, Economic Markets, Blue-chips.

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