Friday’s Top Stock Losers: ABGB, STRP, SGY, BXE, GALT

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Abengoa SA (ADR) (NASDAQ:ABGB) decreased 25.75% or $0.6 on November 27, hitting $1.73. About 348,675 shares traded hands or 497.84% up from the average. ABGB has declined 89.35% since April 27, 2015 and is downtrending. It has underperformed by 87.99% the S&P500.

Out of 3 analysts covering Abengoa SA (NASDAQ:ABGB), 0 rate it “Buy”, 1 “Sell”, while 2 “Hold”. This means 0 are positive. Abengoa SA was the topic in 3 analyst reports since August 3, 2015 according to StockzIntelligence Inc. Canaccord Genuity downgraded the stock on November 16 to “Hold” rating. BNP Paribas downgraded the shares of ABGB in a report on August 3 to “Underperform” rating.

Abengoa SA is a Spain-based company engaged in the provision of technological solutions for the engineering sector. The company has a market cap of $399.86 million. The Firm is structured into three main business divisions. It currently has negative earnings. The Industrial Engineering and Construction division comprises the execution of turnkey generation power station projects, hydraulic infrastructures and electric transmission lines.

Straight Path Communications Inc (NYSEMKT:STRP) decreased 11.84% or $1.48 on November 27, hitting $11.02. About 810,151 shares traded hands. STRP has declined 47.70% since April 27, 2015 and is downtrending. It has underperformed by 46.34% the S&P500.

The institutional sentiment increased to 2.79 in Q2 2015. Its up 1.83, from 0.96 in 2015Q1. The ratio increased, as 7 funds sold all Straight Path Communications Inc shares owned while 12 reduced positions. 30 funds bought stakes while 23 increased positions. They now own 3.84 million shares or 34.61% more from 2.85 million shares in 2015Q1.

Farmstead Capital Management Llc holds 1.49% of its portfolio in Straight Path Communications Inc for 90,312 shares. Tcs Capital Management Llc owns 76,500 shares or 1.27% of their US portfolio. Moreover, Archer Capital Management L.P. has 0.93% invested in the company for 223,397 shares. The New York-based National Asset Management Inc. has invested 0.83% in the stock. Thompson Davis & Co. Inc., a Virginia-based fund reported 13,750 shares.

Since March 18, 2015, the stock had 0 buys, and 3 sales for $543,098 net activity. Pi Zhouyue sold 77 shares worth $3,128. Jonas Davidi sold 6,000 shares worth $240,000. Weld William F sold 8,000 shares worth $161,215.

Straight Path Communications Inc. is a communications asset company. The company has a market cap of $150.06 million. The Company’s businesses consist of interest in Straight Path Spectrum, Inc. and Straight Path IP Group, Inc. (Straight Path IP Group). It currently has negative earnings. The Firm has two business divisions: Straight Path Spectrum, which holds, leases and sells fixed wireless spectrum, and Straight Path IP Group, which holds intellectual property primarily related to communications over the Internet and the licensing and other businesses related to this intellectual property.

Stone Energy Corporation (NYSE:SGY) decreased 10.20% or $0.75 on November 27, hitting $6.6. About 1.93 million shares traded hands. SGY has declined 58.78% since April 27, 2015 and is downtrending. It has underperformed by 57.41% the S&P500.

Out of 4 analysts covering Stone Energy Corporation (NYSE:SGY), 2 rate it “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. $13 is the highest target while $7 is the lowest. The $9.21 average target is 39.55% above today’s ($6.6) stock price. Stone Energy Corporation was the topic in 9 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Imperial Capital maintained the stock on November 4 with “Outperform” rating. Howard Weil downgraded the shares of SGY in a report on August 14 to “Sector Perform” rating.

The institutional sentiment increased to 1.48 in Q2 2015. Its up 0.02, from 1.46 in 2015Q1. The ratio is positive, as 12 funds sold all Stone Energy Corporation shares owned while 49 reduced positions. 17 funds bought stakes while 73 increased positions. They now own 58.80 million shares or 1.57% more from 57.89 million shares in 2015Q1.

Key Group Holdings (Cayman) Ltd. holds 1.95% of its portfolio in Stone Energy Corporation for 1.89 million shares. Guinness Asset Management Ltd owns 200,600 shares or 1.39% of their US portfolio. Moreover, Bodri Capital Management Llc has 1.22% invested in the company for 175,000 shares. The Pennsylvania-based Irving Magee Investment Management has invested 0.84% in the stock. Investment Management Of Virginia Llc, a Virginia-based fund reported 234,045 shares.

Stone Energy Corporation is an independent oil and natural gas exploration and production company. The company has a market cap of $419.64 million. The Firm is engaged in the acquisition, exploration, exploitation, development and operation of gas and oil properties in the Gulf of Mexico basin. It currently has negative earnings. It seeks to acquire seismic data and leasehold interests in undeveloped, onshore, oil-focused plays and is focused on the GOM conventional shelf, GOM deep water, Gulf Coast deep gas and the Marcellus Shale in Appalachia.

Bellatrix Exploration Ltd (NYSE:BXE) decreased 10.17% or $0.18 on November 27, hitting $1.59. About 679,882 shares traded hands. BXE has declined 48.87% since April 27, 2015 and is downtrending. It has underperformed by 47.51% the S&P500.

Out of 3 analysts covering Bellatrix Exploration Ltd (NYSE:BXE), 3 rate it “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $3.75 is the highest target while $1.85 is the lowest. The $2.73 average target is 71.70% above today’s ($1.59) stock price. Bellatrix Exploration Ltd was the topic in 8 analyst reports since July 21, 2015 according to StockzIntelligence Inc. National Bank Canada maintained the stock on November 6 with “Outperform” rating.

Bellatrix Exploration Ltd. is an intermediate energy producer focused on exploration and development of light oil and liquids-rich natural gas opportunities in the Western Canada Sedimentary Basin. The company has a market cap of $339.78 million. The Firm develops its two core resource plays, the Cardium and the Notikewin/Falher intervals in Western Canada. It currently has negative earnings. The Firm has a joint venture with Daewoo International Corporation (Daewoo) and Devonian Natural Resources Private Equity Fund (Devonian) in the Baptiste area of West-Central 3 Alberta.

Galectin Therapeutics Inc (NASDAQ:GALT) decreased 10.09% or $0.23 on November 27, hitting $2.05. About 424,603 shares traded hands or 191.07% up from the average. GALT has declined 34.50% since April 27, 2015 and is downtrending. It has underperformed by 33.14% the S&P500.

The institutional sentiment decreased to 0.91 in Q2 2015. Its down 0.33, from 1.24 in 2015Q1. The ratio dived, as 14 funds sold all Galectin Therapeutics Inc shares owned while 18 reduced positions. 15 funds bought stakes while 14 increased positions. They now own 3.32 million shares or 14.72% less from 3.90 million shares in 2015Q1.

Benchmark Capital Advisors holds 0.14% of its portfolio in Galectin Therapeutics Inc for 71,600 shares. Blue Clay Capital Management Llc owns 74,467 shares or 0.11% of their US portfolio. Moreover, Cormorant Asset Management Llc has 0.1% invested in the company for 286,200 shares. The Israel-based Sphera Funds Management Ltd. has invested 0.05% in the stock. Cutter & Co Brokerage Inc., a Missouri-based fund reported 36,000 shares.

Galectin Therapeutics Inc. is a biopharmaceutical firm engaged in drug research and development to create therapies for fibrotic disease and cancer. The company has a market cap of $65.42 million. The company’s drug candidates are based on its method of targeting galectin proteins, which are mediators of biologic and pathologic functions. It currently has negative earnings. It uses naturally occurring, readily-available plant materials as starting material in manufacturing processes to create complex carbohydrates with specific molecular weights and other pharmaceutical properties.

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