Top After-Market NYSE Movers (Babcock & Wilcox, Continental, Sturm, Frontline, Ocwen, J.C. Penney, Aegean Marine, CommonWealth, Medical Properties, DCP Midstream)

 
on February 28 2013 12:30 AM
The sign outside the J.C. Penney store is seen in Westminster
The sign outside the J.C. Penney store is seen in Westminster, Colorado May 16, 2011. REUTERS

The top after-market NYSE gainers Wednesday were Babcock & Wilcox, Continental Resources, Sturm, Ruger & Co, Frontline Ltd and Ocwen Financial Corp. The top after-market NYSE losers were J.C. Penney Co, Aegean Marine Petroleum Network, CommonWealth REIT, Medical Properties Trust and DCP Midstream Partners, LP.

Gainers

Babcock & Wilcox Co. (NYSE:BWC) shares climbed 8.78 percent to $28.75 in post-market trading. The company swung to the fourth quarter net profit of $39.07 million or $0.33 per share compared to net loss of $63.01 million or $0.53 per share in the same period last year. Revenue rose 8 percent to $865.30 million compared to $800.79 million last year and also topped Reuters’ estimate of $841.74 million.

Continental Resources, Inc. (NYSE:CLR) shares surged 4.74 percent to $87.95 in post-market trading. The company swung to the fourth quarter net profit of $220.5 million or $1.19 per share compared to net loss of $112.0 million or $0.62 per share in the same quarter last year. Adjusted profit was $1.04 per share compared to $0.88 per share last year and above Reuters’ estimate of $0.87 per share.

Sturm, Ruger & Co, Inc. (NYSE:RGR) shares gained 2.78 percent to $55.00 in post-market trading. Its fourth quarter net profit rose to $1.00 per share from $0.54 per share in the same period last year. The company also announced that its Board of Directors declared a dividend of $0.404 per share for the fourth quarter, for shareholders of record as of March 8, 2013, payable on March 22, 2013.

Frontline Ltd. (NYSE:FRO) shares advanced 2.39 percent to $2.14 in post-market trading. The company stock plunged 5 percent in regular trading Wednesday.

Ocwen Financial Corp. (NYSE:OCN) shares gained 2.01 percent to $38.55 in post-market trading. The stock has a 52-week low of $14.40, a 52-week high of $41.87 and $5.01 billion in market capitalization.

Losers

J.C. Penney Co, Inc. (NYSE:JCP) shares slumped 13.37 percent to $18.33 in post-market trading. Its fourth quarter net loss widened to $552 million or $2.51 per share from $87 million or $0.41 per share in the same period last year. Adjusted loss was $1.95 per share compared to net profit of $0.21 per share last year and also came in worse than Reuters’ estimate of a loss of $0.18 per share

Aegean Marine Petroleum Network Inc. (NYSE:ANW) shares slumped 12.02 percent to $6.15 in pre-market trading. Its fourth quarter net profit declined to $0.07 per share from $0.14 per share in the same period last year and also widely misses analysts’ estimation of $0.18 per share.

CommonWealth REIT (NYSE:CWH) shares plunged 6.18 percent to $21.12 in post-market trading. The company announced Wednesday that it priced a public offering of 30,000,000 common shares at a price to the public of $19.00 per share.

Medical Properties Trust, Inc. (NYSE:MPW) shares fell 2.52 percent to $14.29 in post-market trading. The company announced Wednesday that it planned to sell 9,000,000 shares of its common stock in an underwritten public offering.

DCP Midstream Partners, LP (NYSE:DPM) shares declined 2.34 percent to $41.30 in post-market trading. The company announced that it had commenced an underwritten public offering of 10,250,000 of its common units representing limited partner interests. 

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