Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR), has recently reported that the S&P, which is Standard & Poor’s rating agency, affirmed its BBB- corporate credit rating on Petrobras, with steady outlook, keeping Petrobras’ investment grade rating. Petrobras has also made the details of the discovery of a well in the Santos Bain. The official website has posted a map of the entire drilling area located in Santos Basin. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR), net profit margin is 8.50% and weekly performance is -7.17%. On last trading day company shares ended up $13.72. Analysts mean target price for the company is $18.74. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR), distance from 50-day simple moving average (SMA50) is -2.28%.
The leading energy producer and marketing company Chesapeake Energy Corporation (NYSE:CHK), earned news for itself because of some unwanted reasons. According to a recently published news, Fort Worth school district filed a case against the energy giant CHK. According to the spokesperson of Fort Worth School, the Chief Executive Officer of CHK deducted its own expenses without any notification from the school owned royalties. Chesapeake Energy Corporation (NYSE:CHK), advanced 0.14% in last trading session and ended the day on $29.29. NI, Gross Margin is 88.70% and its return on assets is 2.00%. Chesapeake Energy Corporation (NYSE:CHK), quarterly performance is 15.27%.
Vale SA (ADR) (NYSE:VALE), informs that it has signed an agreement with a subsidiary of Suzano Papel e Celulose, a company that produces eucalyptus pulp, for the sale of its entire stake in Vale Florestar Fundo de Investimento em Participações (FIP Vale Florestar) for R$ 205 million. BNDESPar, Petros and FUNCEF, other shareholders of the FIP Vale Florestar, will also divest their stakes in Suzano. Upon completion of the transaction, FIP Vale Florestar will be held exclusively by Suzano. Vale SA (ADR) (NYSE:VALE), shares moved down 0.47% in last trading session and was closed at $12.62, while trading in range of $12.61 – 12.80. Vale SA (ADR) (NYSE:VALE), year to date (YTD) performance is -14.90%.
The partnership between Alcoa Inc (NYSE:AA), and Blount County Habitat for Humanity will continue at least another year, according to Ken McMillen, ALCOA’s location manager. Alcoa Inc (NYSE:AA), ended the last trading day at $13.82. Company weekly volatility is calculated as 1.97% and price to cash ratio as 24.36. Alcoa Inc (NYSE:AA),showed a negative weekly performance of 3.37%.
American International Group Inc (NYSE:AIG),has earned an average rating of “Buy” from the nineteen ratings firms that are covering the company, StockRatingsNetwork reports. Eight investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $55.54. American International Group Inc (NYSE:AIG), net profit margin is 12.30% and weekly performance is 2.60%. On last trading day company shares ended up $54.87. Analysts mean target price for the company is $57.40. American International Group Inc (NYSE:AIG), distance from 50-day simple moving average (SMA50) is 5.99%.