A Brazilian judge ordered state-run oil company Petroleo Brasileiro SA (ADR) (NYSE:PBR) to explain the criteria it uses to set the price of gasoline, after price controls led to large refining-unit losses and ballooning debt. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) shares after opening at $13.28 moved to $13.95 on last trade day and at the end of the day closed at $13.71. Company price to sales ratio in past twelve months was calculated as 0.65 and price to cash ratio as 3.53. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) showed a positive weekly performance of 14.25%.
Vale SA (ADR) (NYSE:VALE) is all set to enter into new projects, derive benefits from new rules, which might favor future transactions and has been planning new partnership deals. Vale SA (ADR) (NYSE:VALE) shares advanced 3.99% in last trading session and ended the day on $14.34. VALE return on equity ratio is recorded as 7.10% and its return on assets is 3.40%. Vale SA (ADR) (NYSE:VALE) yearly performance is -10.77%.
McDermott International, Inc. (NYSE:MDR) today announced that the underwriter of the recently announced public offering of 6.25% tangible equity units (the “Units”), each with a stated value of $25.00, has exercised its option to purchase an additional 1,500,000 Units from McDermott. As a result of the exercise of the option, a total of 11,500,000 Units will be sold by McDermott, which will result in net proceeds to McDermott of approximately $279 million. McDermott International (NYSE:MDR) shares moved up 0.43% in last trading session and was closed at $7.06, while trading in range of $6.98 – $7.08. McDermott International (NYSE:MDR) year to date (YTD) performance is -22.93%.
Freeport-McMoRan Copper & Gold (NYSE:FCX) announced a quarterly dividend on Wednesday, March 26th, StockRatingsNetwork.com reports. Shareholders of record on Tuesday, April 15th will be paid a dividend of 0.3125 per share on Thursday, May 1st. This represents a $1.25 annualized dividend and a dividend yield of 3.94%. Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) weekly performance is 5.14%. On last trading day company shares ended up $33.32. Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) distance from 50-day simple moving average (SMA50) is 1.14%. Analysts mean target price for the company is $39.47.
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