Petrobras Brasileiro Petrobras SA (ADR) (NYSE:PBR) CEO Maria das Gracas Foster said the energy company is nearing the end of the probe into allegations it accepted bribes from SBM offshore, the Wall Street Journal reports. Petrobras’ shares are trading near their lowest levels since 2008. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) shares after opening at $10.63 moved to $11.15 on last trade day and at the end of the day closed at $10.90. Company price to sales ratio in past twelve months was calculated as 0.50 and price to cash ratio as 2.74. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) showed a positive weekly performance of 1.96%.
Equities researchers at Sanford C. Bernstein raised their target price on shares of Seadrill (NASDAQ:SDRL) from $37.00 to $39.00 in a research report issued on Wednesday, AmericanBankingNews.com reports. Sanford C. Bernstein’s target price would suggest a potential upside of 5.81% from the company’s current price. Seadrill Ltd (NYSE:SDRL) shares advanced 1.58% in last trading session and ended the day on $33.52. SDRL return on equity ratio is recorded as 37.00% and its return on assets is 11.00%. Seadrill Ltd (NYSE:SDRL) yearly performance is -2.53%.
SandRidge Energy (NYSE:SD) was the target of a large decline in short interest in the month of January. As of February 28th, there was short interest totalling 53,307,592 shares, a decline of 6.7% from the February 14th total of 57,110,411 shares, AnalystRatings.NET reports. Based on an average trading volume of 9,662,280 shares, the short-interest ratio is presently 5.5 days. Currently, 14.7% of the company’s shares are short sold. SandRidge Energy Inc. (NYSE:SD) shares moved down -0.47% in last trading session and was closed at $6.38, while trading in range of $6.34 – $6.49. SandRidge Energy Inc. (NYSE:SD) year to date (YTD) performance is 5.11%.
Transocean LTD (NYSE:RIG) stock had its “neutral” rating reiterated by Zacks in a research report issued to clients and investors on Wednesday, Analyst RN reports. They currently have a $41.00 target price on the stock. Zacks‘s target price would indicate a potential upside of 4.62% from the company’s current price. Transocean LTD (NYSE:RIG) weekly performance is -2.40%. On last trading day company shares ended up $39.81. Transocean LTD (NYSE:RIG) distance from 50-day simple moving average (SMA50) is -8.40%. Analysts mean target price for the company is $45.50.