Basic Material Stocks Declined: Baker Hughes Incorporated (NYSE:BHI), Penn Virginia (NYSE:PVA), Williams Companies (NYSE:WMB), Nabors Industries (NYSE:NBR)



Baker Hughes (NYSE:BHI) had its neutral rating reiterated by analysts at Zacks. The firm currently has a $74.00 price target on the stock. Zacks’ analyst wrote, “We are maintaining our Neutral recommendation on Baker Hughes Inc. Baker Hughes Incorporated (NYSE:BHI) stock performance was 1.41% in last session and finished the day at $ 71.29. Traded volume was 5,400,727 shares in the last session and the average volume of the stock remained 3,989,090 shares. The beta of the stock remained 1.71. Baker Hughes Incorporated (NYSE:BHI) insider ownership is 0.30%.

Penn Virginia (NYSE:PVA) shares hit a new 52-week high during trading on Tuesday after Canaccord Genuity raised their price target on the stock from $18.00 to $19.00, Stock Ratings News reports. Penn Virginia Corporation (NYSE:PVA) rose 9.74% to $ 17.91 yesterday on volume of 6,237,863 shares. The intra-day range of the stock was $ 15.93 – 18.20. Penn Virginia Corporation (NYSE:PVA) has a market capitalization of $ 1.17 billion.

Williams Companies (NYSE:WMB)‘s stock had its “outperform” rating reaffirmed by equities researchers at Credit Suisse in a research report issued on Friday, Analyst Ratings Network reports. Williams Companies, Inc. (NYSE:WMB)’s stock on May 7, 2014 reported a increase 2.14% to the closing price of $ 44.41. Its fifty two weeks range is $ 31.25 – 44.50. The total market capitalization recorded $ 31.98 billion. The overall volume in the last trading session was 6,437,398 shares. In its share capital, Williams Companies, Inc.(NYSE:WMB) has 685.52 million outstanding shares.

Nabors Industries (NYSE:NBR) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.01. On Friday, shares of Nabors Industries Ltd. (NYSE:NBR)Advanced 2.97% to close the day at $ 26.39. Company return on investment (ROI) is 4.30% and its monthly performance is recorded as 11.87%. Nabors Industries Ltd. (NYSE:NBR) quarterly revenue growth is 59.36%.

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