Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) reported the completion of drilling wildcat well 1-BRSA-1205-RNS (Pitu Well). Petrobras also revealed the new found existence of intermediate oil (24º API) in the Potiguar Basin while drilling the well which is situated at water depths of roughly 1,731 meters. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) shares after opening at $10.95 moved to $11.65 on last trade day and at the end of the day closed at $11.57. Company price to sales ratio in past twelve months was calculated as 0.53 and price to cash ratio as 2.91. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) showed a positive weekly performance of 9.77%.
ION Geophysical (NYSE:IO) was also on the rise, gaining 5.46 percent to $4.25 as the shares catch a relief rally from a gap down at the open yesterday. Ion Geophysical Corp (NYSE:IO) shares advanced 5.46% in last trading session and ended the day on $4.25. IO return on equity ratio is recorded as -73.70% and its return on assets is -30.30%. Ion Geophysical Corp (NYSE:IO) yearly performance is -39.29%.
Gran Tierra Energy (NYSEAMEX:GTE) was upgraded by analysts at TD Securities from a “hold” rating to a “buy” rating in a report issued on Thursday, American Banking News reports. The firm currently has a C$10.50 price target on the stock, up from their previous price target of C$9.50. Gran Tierra Energy Inc. (NYSEMKT:GTE) shares moved up 5.06% in last trading session and was closed at $7.47 while trading in range of $7.13 – $7.58 – Gran Tierra Energy Inc. (NYSEMKT:GTE) year to date (YTD) performance is 2.91%.
Comstock Resources (NYSE:CRK) was upgraded by analysts at Thomson Reuters/Verus from a hold rating to a buy rating. Comstock Resources Inc (NYSE:CRK) weekly performance is 9.29%. On last trading day company shares ended up $20.70. Comstock Resources Inc (NYSE:CRK) distance from 50-day simple moving average (SMA50) is 12.89%. Analysts mean target price for the company is $21.20.