Basic Material New Highs: Statoil ASA (ADR) (NYSE:STO), U.S. Silica Holdings (NYSE:SLCA), Total SA (NYSE:TOT), Patterson-UTI Energy (NASDAQ:PTEN)

Norwegian giant Statoil ASA’s (NYSE:STO) 2013 Oil Sands Report disclosed a slight decrease in its oil sands production because of a planned multi-week plant shutdown for facility maintenance and the integration of new scientific research and experimental development measures. Statoil ASA (ADR) (NYSE:STO) shares after opening at $28.87 moved to $28.93 on last trade day and at the end of the day closed at $28.76. Company price to sales ratio in past twelve months was calculated as 0.85 and price to cash ratio as 5.60. Statoil ASA (ADR) (NYSE:STO) showed a positive weekly performance of 3.86%.

U.S. Silica Holdings (NASDAQ:SLCA)‘s stock had its “overweight” rating restated by equities researchers at Morgan Stanley in a research report issued on Tuesday, AnalystRatings.NET reports. They currently have a $50.00 price target on the stock. Morgan Stanley’s price target suggests a potential upside of 26.90% from the stock’s previous close. U.S. Silica Holdings Inc. (NYSE:SLCA) shares advanced 4.14% in last trading session and ended the day on $41.03. SLCA return on equity ratio is recorded as 26.90% and its return on assets is 9.70%. U.S. Silica Holdings Inc. (NYSE:SLCA) yearly performance is 93.90%.

Total (NYSE:TOT) believes the giant Kashagan oil field in Kazakhstan will not yield much output this year, even if it resumes production at all, after a gas leak forced the company and its partners to stop production last October. Total SA (ADR) (NYSE:TOT) shares moved up 0.01% in last trading session and was closed at $67.74, while trading in range of $67.11 – $68.31. Total SA (ADR) (NYSE:TOT) year to date (YTD) performance is 11.93%.

Patterson-UTI Energy, Inc. logo Deutsche Bank reaffirmed their buy rating on shares of Patterson-UTI Energy (NASDAQ:PTEN) in a research note issued to investors on Monday, AR Network reports. The firm currently has a $35.00 price target on the stock. Patterson-UTI Energy, Inc. (NASDAQ:PTEN) weekly performance is 3.16%. On last trading day company shares ended up $32.02. Patterson-UTI Energy, Inc. (NASDAQ:PTEN) distance from 50-day simple moving average (SMA50) is 8.56%. Analysts mean target price for the company is $31.70.