Petroleo Brasileiro S.A. (NYSE:PBR), better known as Petrobras, reported fourth-quarter and full-year 2013 results after markets closed on Tuesday. The Brazilian behemoth posted full-year sales of 349.9 billion reais (about $150 billion at one real equal to $0.43). Net income for the year rose 11% to $10.13 billion, but fourth-quarter net profit fell 19% year-over-year to $2.7 billion. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) shares after opening at $12.15 moved to $12.30 on last trade day and at the end of the day closed at $12.00. Company price to sales ratio in past twelve months was calculated as 0.55%. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) showed a positive weekly performance of 10.09 %.
Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR.A): A platform provides offshore services to PBR began to show risk of sinking early Friday and had to be evacuated. However, the platform was later stabilized it is no longer at risk of sinking. About 113 crew members on board the rig at the time of the incident and they were moved to another platform. The rig is owned by Nodel do Brasil. Some 11 workers of Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) were killed in 2001 in gas explosions on floating oil platforms. Authorities had last month raised concern over safety issues regarding some platforms used by PBR and there were fears that shutdown of platforms deemed as risky would hurt the production target of the company. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) is trying to boost its domestic production activities in efforts to stem losses. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR.A) shares fell -1.91% in last trading session and ended the day on $12.41. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR.A) yearly performance is -32.66%.
SandRidge Energy Inc (NYSE:SD) was able to report better results for the quarter on account of an improvement in production. The company has managed to show improvements in many fundamentals and looks set to repeat its performance in coming days. SandRidge Energy Inc. (NYSE:SD) shares moved down -2.23% in last trading session and was closed at $6.15, while trading in range of $ 6.15 – 6.34. SandRidge Energy Inc.(NYSE:SD) year to date (YTD) performance is 1.32%.
Stock analysts at Susquehanna raised their target price on shares of Nabors Industries Ltd. (NYSE:NBR) from $25.00 to $29.00 in a report issued on Monday, Analyst Ratings Network reports. Susquehanna’s price target would indicate a potential upside of 16.65% from the company’s current price. Nabors Industries Ltd. (NYSE:NBR) weekly performance is 2.26%. On last trading day company shares ended up $24.03. Nabors Industries Ltd. (NYSE:NBR) distance from 50-day simple moving average (SMA50) is 19.99%. Analysts mean target price for the company is $23.68.