Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR), the state-controlled Brazilian multinational oil company has cancelled its plans to sell debts in domestic and international markets later this year. The company was planning to raise 3 Billion Reais (approximately $1.35 Billion) in the form of infrastructure bonds till June this year, and it was also expected to issue global bonds in euro and British-pound denominations. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) shares after opening at $13.65 moved to $ 14.03 on last trade day and at the end of the day closed at $13.83. 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 4.22%.
ConocoPhillips (NYSE:COP) has been given an average recommendation of “Buy” by the nineteen brokerages that are currently covering the company, AmericanBankingNews.com reports. One research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $73.86. Conoco Phillips (NYSE:COP) shares advanced 2.10% in last trading session and ended the day on $71.54. COP return on equity ratio is recorded as 18.30% and its return on assets is 7.80%. Conoco Phillips (NYSE:COP) yearly performance is 23.77%.
Equities researchers at Bank of America initiated coverage on shares of Kodiak Oil & Gas Corp (NYSE:KOG) in a research report issued on Friday, Analyst Ratings News reports. The firm set a “buy” rating and a $16.00 price target on the stock. Bank of America’s target price would suggest a potential upside of 31.58% from the company’s current price. Kodiak Oil & Gas Corp (USA)(NYSE:KOG) shares moved up 5.33% in last trading session and was closed at $13.43, while trading in range of $12.56 – 13.53 . Kodiak Oil & Gas Corp (USA) (NYSE:KOG) year to date (YTD) performance is 19.80%.
Transocean LTD (NYSE:RIG) shares were down 2.5% during mid-day trading on Wednesday after Barclays lowered their price target on the stock from $54.00 to $45.00, Stock Ratings Network reports. Barclays currently has an overweight rating on the stock. Transocean LTD traded as low as $40.76 and last traded at $40.96, with a volume of 3,748,257 shares traded. The stock had previously closed at $42.03.Transocean LTD (NYSE:RIG) weekly performance is -1.26%. On last trading day company shares ended up $40.89. Transocean LTD (NYSE:RIG) distance from 50-day simple moving average (SMA50) is -2.00%. Analysts mean target price for the company is $43.62.
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