Stock Mover of The Day: Could Petroleo Brasileiro SA Petrobras (ADR) Decline After Today’s Huge Increase?

Stock Mover of The Day: Could Petroleo Brasileiro SA Petrobras (ADR) Decline After Today's Huge Increase?

The stock of Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) is a huge mover today! About 10.42 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 7 months positive chart setup for the $59.90B company. It was reported on Oct, 3 by Barchart.com. We have $14.67 PT which if reached, will make NYSE:PBR worth $31.75 billion more.

Analysts await Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) to report earnings on November, 10. They expect $0.43 EPS, up 338.89% or $0.61 from last year’s $-0.18 per share. PBR’s profit will be $2.69B for 5.58 P/E if the $0.43 EPS becomes a reality. After $0.12 actual EPS reported by Petroleo Brasileiro SA Petrobras (ADR) for the previous quarter, Wall Street now forecasts 258.33% EPS growth.

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. The rating was downgraded by Barclays Capital to “Equal-Weight” on Monday, October 12. As per Wednesday, March 23, the company rating was maintained by Barclays Capital. On Thursday, February 4 the stock rating was downgraded by JP Morgan to “Underperform”. Credit Suisse maintained Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) rating on Friday, September 11. Credit Suisse has “Underperform” rating and $3 price target. The firm earned “Overweight” rating on Tuesday, August 11 by Barclays Capital. The stock has “Hold” rating given by Tudor Pickering on Tuesday, September 13. The rating was initiated by Credit Agricole on Tuesday, December 15 with “Underperform”. The firm earned “Underperform” rating on Wednesday, September 30 by Macquarie Research. The rating was upgraded by Credit Suisse on Friday, August 26 to “Neutral”. JP Morgan downgraded it to “Neutral” rating and $7 target price in Friday, September 11 report.

According to Zacks Investment Research, “PETROBRAS-ADR C is an integrated company operating in exploration, production, refining, retailing and transportation of petroleum and its byproducts at home and abroad.”

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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