Peabody Energy Corp. (NYSE: BTU) dropped about 8% Monday to post a new 52-week low of $9.30. The stock’s 52-week high is $19.94. Volume is about equal to the daily average of around 13 million shares. The coal miner filed a report with the SEC today affirming its 2014 sales volumes, revenues per ton, operating costs, and capex. The short version is shipments remain as expected and revenues will be 2% to 4% lower due to lower prices..
Energy XXI Ltd. (NASDAQ: EXXI) dropped nearly 23% on Monday to post a new 52-week low of $3.10 after closing at $4.01 last Friday. The stock’s 52-week high is $27.69. Share volume is about 4-times the 5.8 million daily average shares traded. The small E&P firm has been bludgeoned by the falling price of crude oil. It is just one of many unfortunately.
Schlumberger Ltd. (NYSE: SLB) posted a drop of about 3.4% today to establish a new 52-week low of $82.66 against a high of $118.76. Volume is about 70% above the daily average of around 9 million shares. The world’s largest oilfield services firm is not safe from the energy sector drubbing today. Halliburton has also set a new low today.
Weatherford International plc (NYSE: WFT) posted a new 52-week low on Monday of $12.18. Based on Friday night’s closing price of $13.10 that’s a drop of about 7%. The stock’s 52-week high is $24.88. Trading volume is approaching double the daily average of around 9 million shares. The smaller oilfield services firm sold its chemicals business to Warren Buffett’s Berkshire Hathaway Inc.’s (NYSE: BRK-A) Lubrizol for $825 million.
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