Price Change to Note: Will Petroleo Brasileiro SA Petrobras (ADR) Run Out of Steam Soon?

Price Change to Note: Will Petroleo Brasileiro SA Petrobras (ADR) Run Out of Steam Soon?

The stock of Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) hit a new 52-week high and has $14.00 target or 34.00% above today’s $10.45 share price. The 9 months bullish chart indicates low risk for the $68.31B company. The 1-year high was reported on Oct, 7 by If the $14.00 price target is reached, the company will be worth $23.23 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 3.61 million shares traded hands. Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) has risen 97.91% since March 4, 2016 and is uptrending. It has outperformed by 89.87% the S&P500.

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 $2.81B for 6.08 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 13 analysts covering Petroleo Brasileiro Petrobras SA (NYSE:PBR), 2 rate it a “Buy”, 3 “Sell”, while 8 “Hold”. This means 15% are positive. $13 is the highest target while $2 is the lowest. The $8.74 average target is -16.36% below today’s ($10.45) stock price. Petroleo Brasileiro Petrobras SA has been the topic of 28 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The stock has “Underperform” rating given by Raymond James on Thursday, May 19. The rating was maintained by Morgan Stanley on Thursday, October 6 with “Overweight”. The rating was downgraded by JP Morgan to “Underperform” on Thursday, February 4. Barclays Capital maintained Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) on Tuesday, August 11 with “Overweight” rating. The stock of Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) has “Underperform” rating given on Tuesday, January 12 by Credit Suisse. The firm has “Equal-Weight” rating by Barclays Capital given on Monday, October 12. Credit Agricole initiated the shares of PBR in a report on Tuesday, December 15 with “Underperform” rating. The firm has “Hold” rating given on Friday, August 7 by Deutsche Bank. The stock of Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) has “Underperform” rating given on Wednesday, September 30 by Macquarie Research. The firm has “Sell” rating by Deutsche Bank given on Thursday, March 24.

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.”

More news for Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) were recently published by:, which released: “Why Yahoo! Inc. (YHOO),, inc. (CRM) and Petroleo Brasileiro SA …” on September 23, 2016.‘s article titled: “Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) Heffx Trading Outlook” and published on October 07, 2016 is yet another important article.

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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