Basic Material Volatile Stocks: Penford Corporation (NASDAQ:PENX), Metabolix (NASDAQ:MBLX), Magellan Petroleum Corporation (NASDAQ:MPET), Midstates Petroleum Company (NYSE:MPO)

Penford Corp (NASDAQ:PENX) issued its quarterly earnings data on Wednesday. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by $0.02, Analyst RN reports. The company had revenue of $106.11 million for the quarter, compared to the consensus estimate of $110.08 million. During the same quarter in the previous year, the company posted $0.10 earnings per share. Penford Corporation (NASDAQ:PENX) shares after opening at $13.14 moved to $13.43 on last trade day and at the end of the day closed at $12.27. Company price to sales ratio in past twelve months was calculated as 0.34. Penford Corporation (NASDAQ:PENX) showed a negative weekly performance of -12.54%.

Metabolix (NASDAQ:MBLX) was downgraded by stock analysts at Ardour Capital from an “accumulate” rating to a “hold” rating in a report issued on Friday, TheFlyOnTheWall.com reports. They currently have a $1.50 price target on the stock. Ardour Capital’s price objective would suggest a potential upside of 7.14% from the company’s current price. Metabolix, Inc. (NASDAQ:MBLX) shares fell -11.89% in last trading session and ended the day on $1.03. MBLX return on equity ratio is recorded as -83.10% and its return on assets is -74.00%. Metabolix, Inc. (NASDAQ:MBLX) yearly performance is -25.36%.

Magellan Petroleum Corporation (NASDAQ:MPET) announced that the Company will be presenting at IPAA’s OGIS New York investor conference to be held at the Sheraton NY Times Square Hotel in New York City on April 7-9, 2014. Magellan Petroleum Corporation (NASDAQ:MPET) shares moved down 3.21% in last trading session and was closed at $1.51, while trading in range of $1.47-$1.64. Magellan Petroleum Corporation (NASDAQ:MPET) year to date performance is 46.60%.

Tudor Pickering downgraded shares of Midstates Petroleum Company (NYSE:MPO) from an accumulate rating to a hold rating in a report issued on Friday, TheFlyOnTheWall.com reports. Midstates Petroleum Company Inc (NYSE:MPO) On last trading day company shares ended up $5.05. Midstates Petroleum Company Inc (NYSE:MPO) distance from 50-day simple moving average is 4.42%. Analysts mean target price for the company is $7.18.