Norwegian energy firm, Statoil ASA (NYSE:STO) on May 20 has temporarily stopped oil production at its Snorre B platform in the North Sea and vacated one fourth of its employees personnel from the facility. The move followed the detection of a soil shift under a drilling template, followed by an oil leak. Statoil ASA (ADR) (NYSE:STO) net profit margin is 5.90% and weekly performance is 0.43%. On last trading day company shares ended up $30.28. Analysts mean target price for the company is $30.44. Statoil ASA (ADR) (NYSE:STO) distance from 50-day simple moving average (SMA50) is 7.77%.
Research analysts at Imperial Capital boosted their price target on shares of Carrizo Oil & Gas (NASDAQ:CRZO) from $60.00 to $65.00 in a report released on Friday, StockRatingsNetwork reports. The firm currently has an “outperform” rating on the stock. Imperial Capital’s price objective points to a potential upside of 17.14% from the stock’s previous close. Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) shares fell -1.27% in last trading session and ended the day on $57.48. CRZO gross Margin is 86.00% and its return on assets is 1.10%.Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) quarterly performance is 25.56%.
Chesapeake Energy Corporation (NYSE:CHK) Director Thomas Ryan bought 4,000 shares of the company’s stock in a transaction that occurred on Monday, May 19th. The shares were purchased at an average price of $27.98 per share, for a total transaction of $111,920.00. Following the completion of the transaction, the director now directly owns 63,414 shares of the company’s stock, valued at approximately $1,774,324. Chesapeake Energy Corporation (NYSE:CHK) shares moved down -0.97% in last trading session and was closed at $27.68, while trading in range of $27.61 – $28.09. Chesapeake Energy Corporation (NYSE:CHK) year to date (YTD) performance is 2.67%.
Vale SA (ADR) (NYSE:VALE) will stay under pressure in the coming days as the prices of iron ore declines further to touch the lowest point since 2012. It is going through a rough patch from last few days. The drop will be the consecutive highest drop in last two months. Vale is the largest iron ore producer of the country and so it is directly affected by the slump in iron ore’s prices. Vale SA (ADR) (NYSE:VALE) ended the last trading day at $13.18. Company weekly volatility is calculated as 1.89% and price to cash ratio as 12.82.Vale SA (ADR) (NYSE:VALE) showed a negative weekly performance of -4.01%.
Lundin Mining Corporation (USA) (OTCMKTS:LUNMF) is pleased to announce on 9 may that the nominees listed in the management information circular for the 2014 Annual and Special Meeting of Shareholders (“Annual Meeting”) were elected as directors of Lundin Mining.
On last trading day company shares ended up $5.39.