Alcoa Inc (NYSE:AA) the largest U.S. aluminum producer, was cut to junk by a second ratings company as a global oversupply of the metal hampers profitability. Alcoa Inc (NYSE:AA) shares after opening at $13.11 moved to $13.44 on last trade day and at the end of the day closed at $13.42. Company price to sales ratio in past twelve months was calculated as 0.64 and price to cash ratio as 21.75. Alcoa Inc (NYSE:AA) showed a positive weekly performance of 3.23%.
ConocoPhillips (NYSE:COP) had its target price raised by Howard Weil from $73.00 to $75.00. They currently have a hold rating on the stock. ConocoPhillips (NYSE:COP) shares advanced 1.15% in last trading session and ended the day on $73.78. COP return on equity ratio is recorded as 18.30% and its return on assets is 7.80%. ConocoPhillips (NYSE:COP) yearly performance is 35.38%.
Halliburton Company (NYSE:HAL) saw some unusual options trading activity on Wednesday. Investors acquired 34,550 call options on the company, AR Network reports. Halliburton Company (NYSE:HAL) shares moved up 0.88% in last trading session and was closed at $60.50 while trading in range of $60.00 -$60.74 – Halliburton Company (NYSE:HAL) year to date (YTD) performance is 19.52%.
Baker Hughes Incorporated (NYSE:BHI) announced that the U.S. onshore well count for the first quarter 2014 was 8,853 wells, down 230 wells or 3% compared to the fourth quarter 2013. Compared to the first quarter 2013, the well count was up 319 wells or 4%. Baker Hughes Incorporated (NYSE:BHI) weekly performance is 2.14%. On last trading day company shares ended up $66.31. Baker Hughes Incorporated (NYSE:BHI) distance from 50-day simple moving average (SMA50) is 6.30%. Analysts mean target price for the company is $68.52.
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