Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) opens its production platform P-58 unit in the Campos Basin from March 17, 2014. The unit is capable of processing ~180,000 barrels of oil and 6 million cubic meters of natural gas per day. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) shares after opening at $13.22 moved to $13.22 on last trade day and at the end of the day closed at $13.15. Company price to sales ratio in past twelve months was calculated as 0.62 and price to cash ratio as 3.39. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) showed a positive weekly performance of 9.86%.
Halcon Resources Corp (NYSE:HK)’s shares gained 5.61% to $4.14. On March 21, 2014, the company entered into the Seventh Amendment to Senior Revolving Credit Agreement by and among the Company, as borrower, JPMorgan Chase Bank, N.A., as administrative agent, and the other lenders signatory thereto (the “Credit Facility”). The Amendment increases the Borrowing Base to $800 million in connection with the Company’s annual spring redetermination and also provides the Company additional flexibility under the interest coverage test by modifying the minimum Interest Coverage Ratio to be 2.0 to 1.0 for any fiscal quarter ending on or before December 31, 2014. Halcon Resources Corp (NYSE:HK) shares advanced 4.59% in last trading session and ended the day on $4.33. Halcon Resources Corp (NYSE: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 -43.40%.
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 2.07% in last trading session and was closed at $6.14, while trading in range of $ 6.13 – 6.32. SandRidge Energy Inc.(NYSE:SD) year to date (YTD) performance is 1.15%.
InterOil Corporation IOC and Total SA (ADR) (NYSE:TOT) have closed a revised sales and purchase agreement covering the Elk-Antelope gas field in Petroleum Retention Licence 15 in Papua New Guinea. Total SA (ADR) (NYSE:TOT) weekly performance is 2.31%. On last trading day company shares ended up $65.60. Total SA (ADR) (NYSE:TOT) distance from 50-day simple moving average (SMA50) is 7.44%. Analysts mean target Price for the company is $63.82.