Basic Materials Sector Summary: Molycorp (NYSE:MCP), Apache (NYSE:APA) – MCP, APA, DVN, GSS, PEIX, TC

Thursday trading session data confirmed that basic material sector finished negatively with -0.69% change. Golden Star Resources Ltd (USA) (NYSEMKT:GSS) and Pacific Ethanol Inc (NASDAQ:PEIX) were major percentage decliners in this sector while key percentage gainer was Thompson Creek Metals Company Inc (USA) (NYSE:TC).

Molycorp Inc (NYSE:MCP) announced fiscal Q1 loss widened mainly due to languid prices for company’s rare-earth products and the high cost of production weighed on results.

However, the mining company’s results surpassed Wall Street forecasts as revenue surged. Shares of the company surged 7.6 percent in extended trading session to $6.02.

Molycorp posted a loss of $47.2 million or 33 cents per share for fiscal Q1, contrasted against a loss of $3.5 million or 7 cents per share in same period a year ago.

Molycorp Inc’s YTD performance was recorded as -40.78% while its market capitalization was $985.42 million. The company has P/B ratio of 0.63. Institutional ownership owns 43.17% shares of the company. Net profit margin of the company was -83.23% while its gross profit margin was 3.28%.

Apache Corporation (NYSE:APA) added on Thursday that fiscal Q1 profit plunged to $717 million or $1.76 per share, from $797 million or $2.00 per share in the similar period a year ago.
The corporation announced adjusted EPS were $2.02. The oil and gas company announced on Thursday that revenue for three months period tumbled to $4.076 billion from $4.536 billion in previous year.

Apache Corporation has market capitalization of $31.91 billion. Its current ratio was 0.90 while its shares were looking forward SMA50 with 9.94. The company offered earnings per share of 4.87 while its 391.84 million shares were outstanding. YTD performance of the stock was 4.29%.

Devon Energy Corp (NYSE:DVN) has the market capitalization of $23.71 billion. The company’s EPS was -4.78 while its 406.00 million shares were outstanding. Its institutional ownership was 79.63%. Shares of the company were moving ahead of SMA50 with 5.58% while its YTD performance was 12.61%.

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