Brazilian state-run energy giant, Petroleo Brasileiro SA or Petrobras (ADR) (NYSE:PBR) stated that the production platform P-58 has commenced operations in the Parque das Baleias complex, offshore Espírito Santo state, in the Campos Basin. The P-58 works at the pre-salt reservoir well 7-BFR-7-ESS. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) shares after opening at $10.95 moved to $6.15 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%
Quicksilver Resources (NYSE:KWK) posted its quarterly earnings results on Friday. The company reported ($0.03) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.03),American Banking and Market News reports. Quicksilver Resources Inc (NYSE:KWK) shares advanced 7.20% in last trading session and ended the day on $2.68. KWK return on equity ratio is recorded as -233.30% and its return on assets is -31.00%. Quicksilver Resources Inc (NYSE:KWK) yearly performance is 4.69%.
Ion Geophysical Corp (NYSE:IO) shares were the recipient of a very large dip in short-interest during January. As of 28 February, there was short-interest that totaled 5,948,759 shares, which was a dip of 31.4% from its 14 February total of 8,667,035 shares. Currently, 4.7 percent of Ion Geophysical Corp (NYSE:IO) shares are short sold. Based on the average daily-volume of 1,855,335 shares, these days-to-cover ratio is now 3.2 days. Ion Geophysical Corp (NYSE:IO) shares moved up 5.46% in last trading session and was closed at $4.25 while trading in range of $4.00 -$4.30 – Ion Geophysical Corp (NYSE:IO) year to date (YTD) performance is 28.79%.
Burlington Stores Inc (NYSE:BURL), up +14.4%. The off-price retailer of branded apparel has announced better-than-expected adjusted earnings, albeit revenue-damaging higher costs. Despite today’s jump, Burlington Stores, Inc. (NYSE:BURL) is down -7.41% for 2014. It is in the portfolios of Richard Chilton and Tiger Global. Burlington Stores, Inc. (NYSE:BURL) weekly performance is 15.04%. On last trading day company shares ended up $29.99. Burlington Stores, Inc. (NYSE:BURL) distance from 50-day simple moving average (SMA50) is 11.66%. Analysts mean target price for the company is $31.63.