Morning Buzz: Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR), General Motors Company (NYSE:GM), HCBK, BP plc (NYSE:BP), Ocean Power Technologies, Inc. (NASDAQ:OPTT)

Technology Stocks News 2

Cowen and Company initiated coverage on shares of Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR)a research note issued on Thursday. The firm set an “outperform” rating and a $23.00 price target on the stock. Cowen and Company’s price target indicates a potential upside of 32.34% from the company’s current price. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) belongs to Basic Materials sector. Its net profit margin is 6.30% and weekly performance is -8.79%. On last trading day company shares ended up $17.63. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) distance from 50-day simple moving average (SMA50) is 4.63%.

General Motors Company (NYSE:GM) Chinese joint venture with SAIC Motor Corp – Shanghai General Motors Co – recently announced a recall involving 38,328 Cadillac sedans in the nation. A fault has been detected in the brake control software of the recalled vehicles. General Motors Company (NYSE:GM) shares advanced 0.96% in last trading session and ended the day at $33.61. GM Gross Margin is 9.40% and its return on assets is 2.80%. General Motors Company (NYSE:GM) quarterly performance is -4.54%.

ESSA is a part of the Finance sector, which includes companies such as New York Community Bancorp, Inc. (NYCB) and Hudson City Bancorp, Inc. ( HCBK). ESSA’s current earnings per share, an indicator of a company’s profitability, is $.75. On 11 September, Hudson City Bancorp, Inc. (NASDAQ:HCBK) shares advanced 0.60% and was closed at $10.10. HCBK EPS growth in last 5 year was -16.30%. Hudson City Bancorp, Inc. (NASDAQ:HCBK) year to date (YTD) performance is 8.49%.

BP plc (NYSE:BP) Group Chief Executive Bod Dudley recently spoke up against the idea of an independent Scotland. According to Dudley, Scottish citizens are being misled with inflated estimates of tax revenue from the North Sea. Even Royal Dutch Shell Plc (ADR) (RDS.A) supported the argument in response to the over-estimated oil and gas reserves present in the North Sea. BP plc (NYSE:BP) ended the last trading day at $46.24. Company weekly volatility is calculated as 1.34%and price to cash ratio as 5.07. BP plc (NYSE:BP) showed a weekly performance of 3.01%.

Ocean Power Technologies, Inc. (NASDAQ:OPTT) shares decreased -0.84% in last trading session and ended the day on $1.18. OPTT Gross Margin is 0.00% and its return on assets is -57.40%. Ocean Power Technologies, Inc. (NASDAQ:OPTT) quarterly performance is -31.40%.

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