According to GuruFocus list of 3-year lows, International Business Machines Corp, Apache Corporation, Linn Energy LLC, and Denbury Resources Inc have all reached their 3-year lows.
International Business Machines Corp (IBM, Financial) Reached $162.17
The prices of International Business Machines Corp (IBM, Financial) shares have declined to $162.17, which is 26.0% off the 3-year high of $215.90.
International Business Machines Corp was incorporated in the State of New York on June 16, 1911. International Business Machines Corp has a market cap of $160.49 billion; its shares were traded at around $162.17 with a P/E ratio of 13.30 and P/S ratio of 1.71. The dividend yield of International Business Machines Corp stocks is 2.62%. International Business Machines Corp had an annual average earnings growth of 11.10% over the past 10 years. GuruFocus rated International Business Machines Corp the business predictability rank of 4-star.
IBM reported third quarter 2014 adjusted EPS of $3.68 on revenue of $22.4 billion. Consolidated net loss from discontinued operations of $3.4 billion dropped the company’s net income to $18 million. Profit was down 17% from $4.1 billion the prior year quarter to $3.5 billion this year.
Apache Corporation (APA, Financial) Reached $64.09
The prices of Apache Corporation (APA, Financial) shares have declined to $64.09, which is 43.1% off the 3-year high of $112.09.
Apache Corporation is an independent energy company that explores for, develops, and produces natural gas, crude oil, and natural gas liquids. Apache Corporation has a market cap of $24.13 billion; its shares were traded at around $64.09 with and P/S ratio of 1.69. The dividend yield of Apache Corporation stocks is 1.48%. Apache Corporation had an annual average earnings growth of 8.90% over the past 10 years. GuruFocus rated Apache Corporation the business predictability rank of 2.5-star.
For its third quarter of 2014, Apache Corporation announced a net loss of $1.3 billion, or $3.50 per diluted share. Adjusted earnings excluding three major non-cash charges totaled $528 million, or $1.38 per share. Worldwide pro forma production was up 6% year-over-year, and operating activities provided net cash of $1.9 billion.
3 Gurus Increased Positions: Joel Greenblatt (Trades, Portfolio) owns 28,177 shares as of 09/30/2014, an increase of 100.23% from the previous quarter. Mario Gabelli (Trades, Portfolio) owns 61,710 shares as of 09/30/2014, an increase of 24.64% from the previous quarter. Bill Nygren (Trades, Portfolio) owns 4,005,000 shares as of 09/30/2014, an increase of 14.27% from the previous quarter.
3 Gurus Reduced Positions: Wallace Weitz (Trades, Portfolio) owns 721,408 shares as of 09/30/2014, a decrease of 29.7% of from the previous quarter. Richard Pzena (Trades, Portfolio) owns 631,633 shares as of 09/30/2014, a decrease of 36.88% of from the previous quarter. George Soros (Trades, Portfolio) owns 15,000 shares as of 09/30/2014, a decrease of 85.69% of from the previous quarter.
Linn Energy LLC (LINE, Financial) Reached $18.25
The prices of Linn Energy LLC (LINE, Financial) shares have declined to $18.25, which is 57.5% off the 3-year high of $42.57.
Linn Energy LLC is an oil and natural gas company, which seeks to acquire, develop and maximize cash flow from a growing portfolio of long-life oil and natural gas assets. Linn Energy LLC has a market cap of $6.06 billion; its shares were traded at around $18.25 with and P/S ratio of 1.67. The dividend yield of Linn Energy LLC stocks is 15.89%. Linn Energy LLC had an annual average earnings growth of 80.40% over the past 5 years.
The company reported third quarter increased oil, natural gas, and NGL sales of 74% to $937 compared to the prior year quarter. Net loss for the company was $4 million, or $0.02 per share, compared to a net loss of $30 million in the same quarter last year.
Denbury Resources Inc (DNR, Financial) Reached $8.26
The prices of Denbury Resources Inc (DNR, Financial) shares have declined to $8.26, which is 61.9% off the 3-year high of $21.37.
Denbury Resources Inc., is a domestic oil and natural gas producer in Mississippi and Montana. Denbury Resources Inc has a market cap of $2.91 billion; its shares were traded at around $8.26 with a P/E ratio of 8.10 and P/S ratio of 1.15. The dividend yield of Denbury Resources Inc stocks is 3.03%. Denbury Resources Inc had an annual average earnings growth of 12.30% over the past 10 years. GuruFocus rated Denbury Resources Inc the business predictability rank of 3-star.
The company has reported its third quarter 2014 results. For this period, adjusted net income was $91 million ($0.26 per diluted share), compared to $93 million in the year ago quarter. GAAP net income was $269 million, compared to a net loss of $55 million last year. Revenues decreased to $633 million from $669 million a year ago.
2 Gurus Increased Positions: Ray Dalio (Trades, Portfolio) owns 515,794 shares as of 09/30/2014, an increase of 208.32% from the previous quarter. NWQ Managers (Trades, Portfolio) owns 2,229,165 shares as of 09/30/2014, an increase of 49.81% from the previous quarter.
Go here for the complete list of 3-year lows.
