Petroleo Brasileiro S.A. – Petrobras (NYSE:PBR)- Street Highjack By Active Movers: Avista Corporation (NYSE:AVA)

Petroleo Brasileiro S.A. – Petrobras (NYSE:PBR) [Trend Analysis] moved down reacts as active mover, shares a decrease -0.49% to traded at $10.21 and the percentage gap between open changing to regular change was 0.29%. PetróleoBrasileiro SA (Petrobras) has signed definitive terms for a $5 billion, 10-year financing contract with China Development Bank Corp and an oil supply accord with Chinese companies, as the Brazilian state-controlled oil company seeks to secure a stable stream of incomeand funding for the coming years.

In a securities filing, Petrobras said the financing deal was signed Thursday. It also agreed to sell 100,000 barrels of oil per day for the next decade to China National United Oil Corp, China Zhenhua Oil Co Ltd, and Chemchina Petrochemical Co Ltd subject to “market conditions”, the filing said. The firm’s current ratio calculated as 1.70 for the most recent quarter. The firm past twelve months price to sales ratio was 0.72 and price to cash ratio remained 2.93. As far as the returns are concern, the return on equity was recorded as -20.70% and return on investment was -1.00% while its return on asset stayed at -6.40%. The firm has total debt to equity ratio measured as 1.51.

Avista Corporation (NYSE:AVA) [Trend Analysis] try to make new thrust in street and making different trends, stocks trading ended with -3.32% to $40.77. Avista’s (AVA) electric and natural gas general rate cases have concluded, with an order from the Washington Utilities and Transportation Commission (Commission or UTC). The Commission’s order denied Avista’s proposed electric and natural gas rate increase requests of $38.6 million and $4.4 million, respectively, and will not change the current electric and natural gas retail rates.”We are extremely disappointed in the Commission’s decision in this case.

This outcome does not allow us to recover our costs for important investments made in our infrastructure, and it appears the order is not supportive of the Company making the necessary investments that will allow Avista to continue to provide safe, reliable service to our consumers,” said Scott Morris, chairman, president and chief executive officer of Avista Corp. “In addition, this outcome provides no ability for Avista to earn the Commission authorized allowed return on equity or a fair return for our shareholders. The Commission’s decision will likely raise serious concerns from financial stakeholders and the rating agencies regarding the level of support from the Washington jurisdiction.” The share price of AVA attracts active investors, as stock price of week volatility recorded 2.10%. The stock is going forward to its 52-week low with 23.02% and lagging behind from its 52-week high price with -8.31%.


About Richard Avery

He is a capital projects manager and process design engineer at a large-cap company. He has renowned MBA degree. Before joining SWR, he was a freelance writer for renounce tech websites. He is currently studying for CFP exam. Interests: Tech stocks, Economic Markets, Blue-chips.

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