The U.S. Department of Energy said Texas-based ConocoPhillips (NYSE:COP) has been approved to ship liquefied natural gas exports from Alaska’s Kenai Peninsula facility, The Associated Press reported. The company will be allowed to export 40 billion cubic feet of LNG from the Nikiski plant, which was shut down two years ago, to countries overseas for two years. ConocoPhillips (NYSE:COP) shares after opening at $73.57 moved to $74.89 on last trade day and at the end of the day closed at $74.77. Company price to sales ratio in past twelve months was calculated as 1.58 and price to cash ratio as 14.08. ConocoPhillips (NYSE:COP) showed a positive weekly performance of 4.51%.
Fitch Ratings downgraded Alcoa Inc.’s (AA) credit rating on Friday after the closing bell. The credit rating agency cited Alcoa’s financial constraints, including falling aluminum prices as the primary reasons behind its decision to downgrade the largest aluminum producer in the US.Alcoa Inc (NYSE:AA) shares advanced 1.04% in last trading session and ended the day on $13.56. AA return on equity ratio is recorded as -22.00% and its return on assets is -7.10%. Alcoa Inc (NYSE:AA) yearly performance is 71.00%.
TheStreet Ratings team rates Baker Hughes Incorporated (NYSE:BHI) as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:We rate BAKER HUGHES INC (BHI) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. Baker Hughes Incorporated (NYSE:BHI) shares moved up 3.05% in last trading session and was closed at $68.33, while trading in range of $68.19-$69.80. Baker Hughes Incorporated (NYSE:BHI) year to date performance is 23.99%.
Obiang Nguema Mbasogo, Equatorial Guinea’sPresident, met with John Barnett Hess, Hess Corp. (NYSE:HES) CEO, to strengthen the long-term and growing partnership between the company and the West African Nation. Hess Corp. (NYSE:HES) weekly performance is 3.87%. On last trading day company shares ended up $87.27. Hess Corp. (NYSE:HES) distance from 50-day simple moving average is 7.43%. Analysts mean target price for the company is $93.17.
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