Market Movers: Antero Resources Corp (NYSE:AR); WSI Industries, Inc. (NASDAQ:WSCI) And Vertex Energy Inc (NASDAQ:VTNR)

Steve Hackney - March 26, 2014

Boston, MA 03/26/2014 (wallstreetpr) – Denver-based Antero Resources Corp (NYSE:AR) received a rating boost from Standard & Poor’s Ratings Services. The firm noted that the positive outlook hints to the higher possibilities of upgrade, provided the company steadily makes progress on reserves and production fronts in the Marcellus Shale and Utica and keep its liquid production up. The credit analyst, Stephen Scovotti, noted that the firm might revise its stance to stable, if the company fails to improve its proved developed reserves or pursues a more aggressive financial policy. At the same time, an upward revision is possible if Antero Resources Corp (NYSE:AR)’s improves on its business profile.

WSI Industries, Inc. (NASDAQ:WSCI) rose 6% on the previous day after it reported an extremely well sales number of the second quarter of the year 2014. The sales during the period gre by 46% from $7,178,000 in 2013 to $10,484,000 in 2014. The Powersports segment contributed majorly towards the increase in sales with a record 81% growth.  While at the same time the company posted net income of $258,000, that is 9 cents per share for the period, reflecting an increase of 363% as compared to the net income of $56,000 or 2 cents per share in 2012. WSI Industries, Inc. (NASDAQ:WSCI) also declared the appointment of a new Director of Operations, Dennis Middleton.

Vertex Energy Inc (NASDAQ:VTNR) soared by 8% in pre-market yesterday on account of its extremely positive fourth-quarter results. The company reported growth in all corners of its business, Its net income for the quarter accounted $2.57 million and the revenue increased by more than 45% year-over-year to $46.8 million. For the full year 2013, the net income of the company grew 115% year-over-year to $7.88 million. At the same time, the gross profit of the company also rose 67% to $16.34 million. For the full year 2013, Vertex Energy Inc (NASDAQ:VTNR)’s revenue stood at $162 million, reporting a growth of 20%.


Steve Hackney

Steve Hackney is a corporate finance professional with over 14 years of experience in cash management and investing. He earned a Bachelor of Science in Finance from Florida State University and holds a Certified Treasury Professional certification. Steve lives in Orlando, Florida with his family.

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