Petroleo Brasileiro SA (ADR) (NYSE:PBR) reported its Q4 2013 and full-year 2013 financial results. The Company reported consolidated net income attributable to the shareholders of Petrobras of BRL23.6 billion, up 11.3% YoY during full-year 2013. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) stock opened at $11.15 in last session, and closed at $10.90, while the day range of stock is $10.79 – $11.17. The stock showed a negative weekly performance of -2.68%.
SandRidge Energy (NYSE:SD) was upgraded by investment analysts at Stephens to an “overweight” rating in a note issued to investors on Friday, Stock Ratings News reports. SandRidge Energy Inc. (NYSE:SD) stock opened at $6.33, in last session and closed at $6.45, by gaining 3.70%. The 52 week range of the stock is $4.52 – $6.96. Company’s market capitalization is $3.19 billion.
Analysts at Sanford C. Bernstein cut their price target on shares of Transocean LTD (NYSE:RIG) from $52.00 to $41.00 in a research report issued to clients and investors on Wednesday, Analyst RN reports. Sanford C. Bernstein’s target price indicates a potential downside of 3.67% from the company’s current price. Transocean LTD (NYSE:RIG) stock decreased -1.15% and finished the last session at $42.07. The EPS of the stock remained 3.87. Company’s market capitalization is $15.18 billion.
Penn West Petroleum Ltd. (USA) (NYSE:PWE) reported a fourth-quarter net loss of $728-million compared with a loss of $78-million a year ago, mostly due to non-cash asset impairment charges related to the company’s disposal of natural gas assets late last year as it focuses on light oil production in Western Canada. Penn West Petroleum Ltd (USA) (NYSE:PWE) stock opened the session at $7.68, and closed the session at $8.50. The 52 week range of the stock remained $7.03 -$13.16 and the day range was $7.65 – $8.55.
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