Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) which is now known as the most indebted oil major in the world ended up reporting drop in profits in the latest quarter. The company announced that its profit declined due to losses made in diesel and gasoline sales. PBR continues to important and sell fuel at a loss in the domestic market where inflation features has resulted in unfriendly pricing policies for the company. In the most recent quarter, PBR announced 6.3 billion Brazilian raise profit, reflecting 19 percent drop from the figure reported in 2012. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) shares after opening at $10.39 moved to $10.49 on last trade day and at the end of the day closed at $10.37. Company price to sales ratio in past twelve months was calculated as 0.48 and price to cash ratio as 2.61. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) showed a negative weekly performance of -4.86%.
Aeropostale Inc. (NYSE:ARO) updated its first quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of ($0.70)-(0.75) for the period, compared to the Thomson Reuters consensus estimate of ($0.18), AR Network reports. Aeropostale Inc (NYSE:ARO) shares fell -20.14% in last trading session and ended the day on $5.83. ARO return on equity ratio is recorded as -19.00% and its return on assets is -9.90%. Aeropostale Inc (NYSE:ARO) yearly performance is -59.82%.
The Vale SA (ADR) (NYSE:VALE) expects new rules reducing double taxation of foreign units of Brazilian companies to be ready in the coming weeks or months, the company’s chief executive officer said on Mar. 12. The rules will be issued under a presidential decree being negotiated with Brazil’s Congress, the CEO, Murilo Ferreira told reporters in Brasilia. Vale SA (ADR) (NYSE:VALE) shares moved up 0.56% in last trading session and was closed at $12.49, while trading in range of $12.29-$12.58. Vale SA (ADR) (NYSE:VALE) year to date performance is -18.10%.
Boardwalk Pipeline Partners, (NYSE:BWP) CEO Stanley Horton purchased 5,000 shares of the stock in a transaction dated Friday, February 28th. The stock was purchased at an average cost of $12.40 per share, for a total transaction of $62,000.00. Boardwalk Pipeline Partners, LP (NYSE:BWP) weekly performance is -3.45%. On last trading day company shares ended up $12.60. Boardwalk Pipeline Partners, LP (NYSE:BWP) distance from 50-day simple moving average is -34.21%. Analysts mean target price for the company is $15.00.