Saturday, November 20, 2010

Stock Losers In Final Trading Hour (RES, ATW, SPWRA)

RPC, Inc. (NYSE:RES) dropped 6.67% to $26.60. Goldman Sachs initiated its coverage on RPC Inc. with a Sell rating and $21 price target. In the past one month of trading sessions, the stock jumped more than 19% and is up more than 155% year-to-date. The company provides a range of specialized oilfield services and equipment primarily to independent and oil and gas companies engaged in the exploration, production and development of oil and gas properties throughout the United States. Atwood Oceanics, Inc. (NYSE:ATW) fell 4.83% to $35.83. The company posted fourth quarter net income of $64.2 million or $0.99 per share, compared to $48.3 million or $0.75 per share in the year-ago period. On average, 16 analysts polled by Thomson Reuters expected the company to report earnings of $0.92 per share. Analysts’ estimates typically exclude special items. Revenues for the period were $160.6 million, compared to$131.0 million in last year period. Twelve Wall Street analysts expected revenues of $159.94 million. SunPower Corporation (NASDAQ:SPWRA) went down 5.45% to $12.48 on unusual volumes as an analysts at Wedbush downgraded the stock to Underperform from Neutral. SunPower Corporation is a vertically integrated solar products and services company that designs, manufactures and markets high-performance solar electric power technologies. Disclaimer: The assembled information distributed by epicstockpicks.com is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Epicstockpicks.com does expect that investors will buy and sell securities based on information assembled and presented herein. EpicStockPicks.com will not be responsible in any way for or accept any liability for any losses arising from an investor's reliance on or use of information obtained from our website or emails. PLEASE always do your own due diligence, and consult your financial advisor.
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