Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR), the state-controlled oil and gas giant, problems are mounting as President Dilma Rousseff’s role in purchase of a Texas refinery is under scrutiny. The talks are there that the deal was overpriced and it was backed by a flawed internal report. Rousseff approval to the purchase is considered as a deal based on flawed and incomplete information. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) shares after opening at $12.98 moved to $13.22 on last trade day and at the end of the day closed at $13.18. Company price to sales ratio in past twelve months was calculated as 0.61 and price to cash ratio as 3.31. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) showed a positive weekly performance of 13.72%.
Halcon Resources Corp (NYSE:HK) has announced that it will wait and watch out for the results from Ohio’s Utica shale and take up a decision to carry on further drilling in the region. According to company’s Chairman and CEO, Floyd C. Wilson, the production results were not up to the expectations and Utica’s output is not considered in the current year’s production out come. The company will wait further and watch out for the results and decide accordingly on further course of action.Halcon Resources Corp (NYSE:HK) shares advanced 5.61% in last trading session and ended the day on $4.14. HK return on equity ratio is recorded as -62.60% and its return on assets is -21.70%. Halcon Resources Corp (NYSE:HK) yearly performance is -46.85%.
In its fourth quarterly results, Kodiak Oil & Gas Corp (USA) (NYSE:KOG), the energy company posted numbers which missed the market estimates for both of its EPS as well as revenue. The explorer’s Q4 revenue increased 103.7% year-over-year to $266 million, but came below the estimate by $3.32 million. In the same way, its EPS stood at $0.17 against the set forecast of $0.18 per share. Its sales for the fiscal year 2013 stood at $905 million, reporting a positive 121% growth from the previous year and adjusted earnings for the same period grew 111% to $669 million. In the last week, the U.S. government has ordered emergency testing for crude shipped by rail leading to confusion among the oil companies over it, however, the move intends to ensure increased safety of the Bakken crude by rail.Kodiak Oil & Gas Corp (USA) (NYSE:KOG) shares moved up 4.22% in last trading session and was closed at $12.10, while trading in range of $11.60-$12.18. Kodiak Oil & Gas Corp (USA) (NYSE:KOG) year to date performance is 7.94%.
Nabors Industries (NYSE:NBR) had its target price boosted by Susquehanna from $25.00 to $29.00 in a report issued on Monday,Stock Ratings News reports.Nabors Industries Ltd. (NYSE:NBR) weekly performance is 5.13%. On last trading day company shares ended up $24.78. Nabors Industries Ltd. (NYSE:NBR) distance from 50-day simple moving average is 21.88%. Analysts mean target price for the company is $23.68.