Stocks in news: Chesapeake Energy Corporation (NYSE:CHK), Newfield Exploration Co. (NYSE:NFX), Baltic Trading (NYSE:BALT), TOR Minerals International (NASDAQ:TORM), Penns Woods Bancorp (NASDAQ:PWOD)


Chesapeake Energy Corporation (NYSE:CHK) expects to deploy its lowest number of rigs since 2004 as the company said Wednesday it plans to cut capital spending amid lower oil and natural gas prices. Chesapeake swung to a profit in the fourth quarter, but missed analyst expectations. Traders on Wednesday bid the company’s stock down almost 10 percent. On Thursday shares of Chesapeake Energy Corporation (NYSE:CHK) closed at $17.20. Company’s sales growth for last 5 years was 8.50%

Newfield Exploration Co. (NYSE:NFX) said Thursday that it plans to issue 22 million shares in an upsized stock offering intended to raise $726 million for general corporate purposes and to repay borrowings amid low oil prices. Newfield Exploration Co. (NYSE:NFX) in last trading activity moved down -6.67% to close at $33.60. Company weekly performance is 2.50% while its quarterly performance stands at -2.64%. Newfield Exploration Co. (NYSE:NFX) is -26.04% away from its 52 week high.

Global Hunter Securities began coverage on shares of Baltic Trading Limited (NYSE:BALT) in a research note issued on Friday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock. On last trading day Baltic Trading Limited (NYSE:BALT) moved up 4.55% to close at $1.84. Its volatility for the week is 7.76% while volatility for the month is 7.52%. Baltic Trading Limited (NYSE:BALT) monthly performance is 10.84%.

TOR Minerals International, Inc. (Nasdaq:TORM
) announced its financial results for the fourth quarter and year-ended December 31, 2014. During 2014, gross profit increased to $6.6 million, or 14.1 percent of sales, as compared to $3.4 million, or 7.4 percent of sales, during 2013. TOR Minerals International Inc. (NASDAQ:TORM) has 1.50% insider ownership while its institutional ownership stands at 14.70%. In last trading activity company’s stock closed at $6.90.

Richard A. Grafmyre CFP®, President and Chief Executive Officer of Penns Woods Bancorp Inc. (NASDAQ:PWOD) has announced that the Company’s Board of Directors declared a first quarter 2015 cash dividend of $0.47 per share. The dividend is payable March 24, 2015 to shareholders of record March 10, 2015. On last trading day Penns Woods Bancorp Inc. (NASDAQ:PWOD) moved up 0.04% to close at $46.06. Its volatility for the week is 1.99% while volatility for the month is 2.39%. PWOD’s sales growth for past 5 years was 4.70% and its EPS growth for past 5 years was 13.80%. Penns Woods Bancorp Inc. (NASDAQ:PWOD) monthly performance is -0.30%.


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