PetroleoBrasileiroPetrobras SA (ADR) (NYSE:PBR) has confirmed an internal audit to look into the claims of irregular contracts after documents leaked allegations that it received bribes from SBM Offshore to award contracts. It is claimed that PBR officials received about $139 million in irregular payments for contracts awarded to SBM. This latest relation is part of the nearly two years of probe into SBM’s commercial activities. PetroleoBrasileiroPetrobras SA (ADR)(NYSE:PBR)stockopened at $11.26in last session, and closed at $11.20, while the day range ofPetroleoBrasileiroPetrobras SA (ADR)(NYSE:PBR)stock is $11.12 –$11.47. The stock showed a positive weekly performance of-0.88%.
Equities research analysts at JPMorgan Chase & Co. lowered their target price on shares of Transocean (NYSE:RIG) from $54.00 to $50.00 in a research note issued to investors on Wednesday, Stock Ratings Network reports.A number of other analysts have also recently weighed in on RIG. Analysts at Simmons downgraded shares of Transocean from an “overweight” rating to an “underweight” rating in a research note on Wednesday, January 29th. Transocean LTD(NYSE:RIG)stock decreased-0.30% and finished the last session at $43.00. The EPS of the stock remained4.60. Company’s market capitalization is $15.48B.
Nabors Industries (NYSE:NBR) was upgraded by Credit Agricole from an “underperform” rating to an “outperform” rating in a research note issued on Wednesday, TheFlyOnTheWall.com reports. Nabors Industries (NYSE:NBR) last released its earnings data on Thursday, February 27th. Nabors Industries Ltd.(NYSE:NBR)stock opened the session at $18.20, and closed the session at $18.66.The 52 week range of theNabors Industries Ltd.(NYSE:NBR)stock remained $14.34 – $18.72and the day range was $18.05 – $18.72.