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NYSE Stocks In The News.(A)
Byline: Christina Wise
Houston Exploration more than doubled in price between March and December last year. The stock then fell into its current 18-week base. In recent weeks, it seems to have started to form the right side of its base. But at 18% off its old high, it still has some work to do.
The independent natural gas and oil company explores for and develops domestic gas properties.
Last week the firm topped estimates by 3 cents with first-quarter profit of $1.55 a share. That was 343% higher than at the same period last year. It also marked the fourth straight quarter of triple-digit earnings growth and the second straight quarter of accelerating earnings growth.
Sales growth has been on the upswing for the last two quarters. First-quarter revenues rose 152% to $124.3 million.
Institutional ...
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