Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR), a Brazil-based energy company after a mixed 2013, it expected to see some quick action due to a spate of forward looking developments. These include- the completion of the P-55 platform which is expected to net 180,000 barrels oil and 4 million cubic meters of natural gas treatment in a day. With successfully bidding for over 49 oil and natural gas blocks at the Brazilian National Petroleum Agency, the bonanza is for PBR to reap. It is expected to continue operating 16 of these units, while the remaining bids are likely to be operated with the help of other companies. However, the highlight for Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) is the high-fetching project- the deep water contract with Technip which will now allow the company to delivery 100 kilometres of pipes for oil production, gas injection and more at its Sapinhoa Note fields off Santos Basin. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) shares after opening at $10.24 moved to $10.70 on last trade day and at the end of the day closed at $10.56. Company price to sales ratio in past twelve months was calculated as 0.49 and price to cash ratio as 2.65. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) showed a positive weekly performance of 0.19%.
Global Geophysical Services, Inc. (NYSE:GGS) said it will use an independent auditor to conduct a thorough review of past reports and intends to restate its consolidated financial statements from 2011 onward. Management is devising a plan to remediate internal “material weaknesses,” and the company will delay filing a 2013 annual report. Global Geophysical Services, Inc. (NYSE:GGS) shares fell -60.68% in last trading session and ended the day on $0.460. GGS return on equity ratio is recorded as -91.40% and its return on assets is -15.60%. Global Geophysical Services, Inc. (NYSE:GGS) yearly performance is -83.15%.
Resolute Energy Corp. (NYSE:REN) was the recipient of some unusual options trading activity on Monday. Stock traders acquired 18,388 put options on the company, AnalystRatingsNetwork.com reports. This represents an increase of 1,994% compared to the typical daily volume of 878 put options. Resolute Energy Corp (NYSE:REN) shares moved down -2.38% in last trading session and was closed at $7.37, while trading in range of $7.32-$7.55. Resolute Energy Corp (NYSE:REN) year to date performance is -18.38%.
Controladora Vuela Co Avcn SA CV (NASDAQ:VLRS) had its overweight rating reaffirmed by analysts at Morgan Stanley. The analysts wrote, “VLRS reported weak 4Q13 with EBIT Mg. at -6.2%, down 12p.p. Y/Y and 11p.p. below MSe. Despite low yield (down 15% Y/Y vs. MSe of -8%), 4Q surprise came from non-ticket revenue per ASM, down 17% Y/Y and 10% Q/Q. Non ticket/ASM dropped a lot in 2013 raising concerns to VLRS unbundled pricing strategy.Controladora Vuela Co Avcn SA CV (ADR) (NYSE:VLRS) weekly performance is -5.54%. On last trading day company shares ended up $8.70. Controladora Vuela Co Avcn SA CV (ADR) (NYSE:VLRS) distance from 50-day simple moving average is -23.43%. Analysts mean target price for the company is $14.00.