Alcoa Inc (NYSE:AA)’s campaign to curtail its smelting capacity points to a larger move in the aluminum industry of manufacturers right-sizing their operations to better reflect demand, according to a report issued Monday by Sterne Agee. Alcoa Inc (NYSE:AA) shares after opening at $12.52 on last trade day and at the end of the day closed at $12.87. Company price to sales ratio in past twelve months was calculated as 0.60 and price to cash ratio as 9.65. Alcoa Inc (NYSE:AA) showed a positive weekly performance of 7.16%.
Shares in BioFuel Energy Corp. (NASDAQ:BIOF)more than doubled after hedge fund manager David Einhorn and his affiliates unveiled a plan to take a controlling stake in the ethanol producer. BioFuel Energy Corp. (NASDAQ:BIOF) shares advanced 132.48% in last trading session and ended the day on $7.30. BIOF return on equity ratio is recorded as -55.70% and its return on assets is -11.40%. BioFuel Energy Corp. (NASDAQ:BIOF) yearly performance is 42.86%.
An Oklahoma federal judge on Monday refused to let a class of landowners living near a contaminated Halliburton Company (NYSE:HAL) research facility pursue the company for lost property value, ruling that marketplace fear or stigma is not enough to support a nuisance allegation. Halliburton Company (NYSE:HAL) shares moved down -0.96% in last trading session and was closed at $58.89, while trading in range of $58.78 – $59.99. Halliburton Company (NYSE:HAL) year to date (YTD) performance is 16.34%.
Devon Energy Corp (NYSE:DVN) had its price target decreased by Raymond James from $80.00 to $79.00 in a research note issued to investors on Tuesday, Analyst Ratings Network.com reports. Devon Energy Corp (NYSE:DVN) weekly performance is 4.73%. On last trading day company shares ended up $66.93. Devon Energy Corp (NYSE:DVN) distance from 50-day simple moving average (SMA50) is 7.73%. Analysts mean target price for the company is $73.65.