The stock of Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) is a huge mover today! About 4.66 million shares traded hands. Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) has risen 98.92% since March 11, 2016 and is uptrending. It has outperformed by 93.46% the S&P500.
The move comes after 7 months positive chart setup for the $71.73B company. It was reported on Oct, 14 by Barchart.com. We have $16.80 PT which if reached, will make NYSE:PBR worth $35.87B 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 $2.75B for 6.51 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 14 analysts covering Petroleo Brasileiro Petrobras SA (NYSE:PBR), 2 rate it a “Buy”, 4 “Sell”, while 8 “Hold”. This means 14% are positive. Petroleo Brasileiro Petrobras SA has been the topic of 29 analyst reports since August 7, 2015 according to StockzIntelligence Inc. Morgan Stanley upgraded Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) rating on Tuesday, March 22. Morgan Stanley has “Equal-Weight” rating and $5.60 price target. The company was initiated on Tuesday, December 15 by Credit Agricole. The firm has “Neutral” rating by Bank of America given on Friday, September 11. As per Thursday, March 24, the company rating was downgraded by Deutsche Bank. The firm earned “Underweight” rating on Wednesday, July 13 by Barclays Capital. maintained the shares of PBR in a report on Monday, October 10 with “Underweight” rating. As per Thursday, September 15, the company rating was upgraded by Macquarie Research. Barclays Capital maintained the shares of PBR in a report on Tuesday, August 11 with “Overweight” rating. The rating was upgraded by JP Morgan on Tuesday, May 24 to “Neutral”. The company was maintained on Wednesday, March 23 by Barclays Capital.
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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