Profit at Petrobras, Brazil’s state-led oil company, could be reduced by $15 billion between 2014 and 2018 if it had to suspend oil platform contracts with Holland’s SBM Offshore NV, the company said in a securities filing. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) net profit margin is 6.80% and weekly performance is 787%. On last trading day company shares ended up $14.98. Analysts mean target price for the company is $18.59. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) distance from 50-day simple moving average is 0.68%.
Seadrill Ltd (NYSE:SDRL) announced Tuesday morning that it intends to issue US$1 billion in principal amount of convertible bonds with a five-year tenor. The bonds will be convertible into common shares of the Company. Seadrill Ltd (NYSE:SDRL) shares advanced 2.82% in last trading session and ended the day on $38.59. SDRL Gross Margin is 57.70% and its return on assets is 21.10%. Seadrill Ltd (NYSE:SDRL) quarterly performance is 13.13%.
SandRidge Energy Inc. (NYSE:SD) will release its 2014 second quarter shareholder update and financial results after the close of trading on the New York Stock Exchange on Wednesday, August 6, 2014. The company will host a conference call to discuss these results on Thursday, August 7, 2014 at 8:00am CDT. T SandRidge Energy Inc. (NYSE:SD) shares was closed at $6.97, while trading in range of $6.90-$7.00. SandRidge Energy Inc. (NYSE:SD) year to date performance is 14.83%.
Analysts at Barclays reiterated an “equal weight” rating on shares of Halcon Resources Corp in a research note on Friday, June 27th. They now have a $8.00 price target on the stock, up previously from $5.50. Halcon Resources Corp (NYSE:HK) ended the last trading day at $7.14. Company weekly volatility is calculated as 3.34% and price to cash ratio as 7505.57. Halcon Resources Corp (NYSE:HK) showed a negative weekly performance of -3.77%.
Transocean Ltd. (NYSE: RIG) (SIX: RIGN) (the “Company”) announced that the District Court in Oslo, Norway today ruled in a criminal case relating to criminal charges issued by Norwegian authorities against three of the Company’s subsidiaries for Norwegian tax returns filed for the years 1999 through 2002.Transocean LTD (NYSE:RIG) net profit margin is 15.90% and weekly performance is -1.86%. On last trading day company shares ended up $43.82. Analysts mean target price for the company is $89789. Transocean LTD (NYSE:RIG) distance from 50-day simple moving average is 2.22%.