The board of Brazil’s state-run oil company Petrobras, as Petroleo Brasileiro SA is known, has proposed paying dividends of 9.3 billion reais ($2.8 billion), the company said filing Friday. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) stock opened at $11.37 in last trading session, and closed at $11.20, trading in the range of $11.07 – $11.45. The stock showed a negative weekly performance of -2.01%.
SandRidge Energy Inc. (NYSE:SD) said on Friday it was subpoenaed by the U.S. Department of Justice, which is investigating whether antitrust laws were violated in the buying and leasing of mineral rights. In June, SandRidge’s board removed the U.S. oil and gas company’s founder and chief executive, Tom Ward, after a struggle with activist investors who accused him of self-dealing at the expense of shareholders and of making strategic mistakes. SandRidge Energy Inc. (NYSE:SD) shares closed at $6.45 on last trade day, by gaining 1.90%. Stock 52 week range is $4.52 – $6.96. Company’s market capitalization is $3.16 billion.
EVA Dimensions LLC lowered shares of Patterson-UTI Energy (NASDAQ:PTEN) from a hold rating to a sell rating in a report released on Thursday, AnalystRatings.NET reports. Patterson-UTI Energy, Inc. (NASDAQ:PTEN) stocks advanced 0.38% and finished the last session at $29.11. The EPS of the stock remained 1.28. Company’s market capitalization is $4.20 billion.
Kodiak Oil & Gas Corp (NYSE:KOG) posted its quarterly earnings results on Thursday. The company reported $0.17 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.18 by $0.01, Stock Ratings News reports. The company had revenue of $266.50 million for the quarter, compared to the consensus estimate of $269.81 million. During the same quarter in the prior year, the company posted $0.12 earnings per share. The company’s quarterly revenue was up 103.7% on a year-over-year basis. Kodiak Oil & Gas Corp (USA) (NYSE:KOG) stock opened at $11.61 in last trading session and closed at $11.81. The 52 week range of the stock is $7.27 – $14.11 and the day range was $11.38 – $12.08.