Brazil’s state-run energy giant, Petroleo Brasileiro S.A.(ADR) (NYSE:PBR) announced fourth-quarter 2013 profit of $2,760.0 million, significantly lower than $3,763.0 million earned in the year-earlier quarter. Earnings per ADR came in at 42 cents (1 ADR = 2 shares), as against the year-ago profit of 58 cents. Lower output hampered the results. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) stock opened at $11.10 in last session, and closed at $10.95, while the day range of stock is $10.85 – $11.18. The stock showed a negative weekly performance of -6.17%.
SandRidge Energy Inc. (NYSE:SD) is higher after Global Hunter upgrades its rating for the shares to Accumulate from Neutral and lifts its target price to $8 from $7, citing an improving Mississippian well profile, both on the performance and cost sides of the equation. SandRidge Energy Inc. (NYSE:SD) stock opened at $6.57, in last session and closed at $6.46, by gaining 0.16%. The 52 week range of the stock is $4.52 – $6.96. Company’s market capitalization is $3.17 billion.
Kodiak Oil & Gas Corp (NYSE:KOG) was upgraded by Thomson Reuters/Verus from a “sell” rating to a “hold” rating in a research note issued on Monday, American Banking News.com reports. Kodiak Oil & Gas Corp (USA) (NYSE:KOG) stock advanced 2.62% and finished the last session at $12.12. The EPS of the stock remained 0.47. Company’s market capitalization is $3.22 billion.
Equities researchers at Guggenheim decreased their price target on shares of Seadrill Ltd (NASDAQ:SDRL) from $55.00 to $50.00 in a research report issued on Thursday, Stock Ratings Network.com reports. The firm currently has a “buy” rating on the stock. Seadrill Ltd (NYSE:SDRL) stock opened the session at $36.70, and closed the session at $36.65. The 52 week range of the stock remained $34.06 – $48.09 and the day range was $36.49 – $37.15.
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