The stock of Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) is a huge mover today! About 8.62 million shares traded hands. Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) has risen 159.17% since February 29, 2016 and is uptrending. It has outperformed by 146.95% the S&P500.
The move comes after 9 months positive chart setup for the $60.03 billion company. It was reported on Oct, 3 by Barchart.com. We have $15.66 PT which if reached, will make NYSE:PBR worth $37.82B more.
Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) Ratings Coverage
Out of 12 analysts covering Petroleo Brasileiro Petrobras SA (NYSE:PBR), 0 rate it a “Buy”, 3 “Sell”, while 9 “Hold”. This means 0 are positive. Petroleo Brasileiro Petrobras SA has been the topic of 26 analyst reports since August 7, 2015 according to StockzIntelligence Inc. As per Friday, September 11, the company rating was maintained by Credit Suisse. The stock has “Hold” rating given by Tudor Pickering on Tuesday, September 13. The company was initiated on Tuesday, January 12 by Credit Suisse. The stock of Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) has “Underperform” rating given on Tuesday, December 15 by Credit Agricole. JP Morgan downgraded the stock to “Neutral” rating in Friday, September 11 report. The rating was upgraded by Raymond James on Wednesday, September 21 to “Market Perform”. Barclays Capital maintained Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) rating on Tuesday, August 11. Barclays Capital has “Overweight” rating and $11.0 price target. JP Morgan downgraded Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) on Thursday, February 4 to “Underperform” rating. Deutsche Bank downgraded Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) on Thursday, March 24 to “Sell” rating. The firm earned “Underperform” rating on Thursday, May 19 by Raymond James.
According to Zacks Investment Research, “Petrolo Brasilerio was founded in October of 1953 to operate in the Brazilian oil sector. The company is a mixed capital corporation that operates in the exploration, production, refining, commercialization, transportation, import, and export of oil and oil products. It also operates in the natural gas segment, in oil product distribution, in petrochemicals, and in fertilizers. The company’s main domestic clients are oil products and natural gas distributors as well as major industrial consumers.”
Another recent and important Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) news was published by Investorplace.com which published an article titled: “Why Yahoo! Inc. (YHOO), salesforce.com, inc. (CRM) and Petroleo Brasileiro SA …” on September 23, 2016.
PBR Company Profile
Petroleo Brasileiro S.A.-Petrobras (Petrobras), incorporated on October 3, 1953, is an energy company. The Company, through its subsidiaries, is engaged in prospecting, drilling, refining, processing, trading and transporting crude oil from producing onshore and offshore oil fields and from shale or other rocks, as well as oil products, natural gas and other liquid hydrocarbons. The Firm operates in five divisions: Exploration and Production (E&P); Refining, Transportation and Marketing (RT&M); Gas and Power; Biofuels, and Distribution. The Firm carries out energy related activities, such as research, development, production, transport, distribution and trading of various forms of energy, as well as other related or similar activities.
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