The stock of Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) is a huge mover today! About 37.10 million shares traded hands or 47.16% up from the average. Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) has risen 96.87% since April 8, 2016 and is uptrending. It has outperformed by 91.22% the S&P500.
The move comes after 6 months negative chart setup for the $65.33 billion company. It was reported on Nov, 10 by Barchart.com. We have $9.70 PT which if reached, will make NYSE:PBR worth $3.92 billion less.
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. The stock of Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) earned “Neutral” rating by Credit Suisse on Friday, August 26. The firm has “Underperform” rating by Credit Suisse given on Tuesday, January 12. The firm has “Neutral” rating given on Monday, September 26 by Credit Suisse. Barclays Capital maintained Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) on Wednesday, March 23 with “Equal-Weight” rating. Credit Suisse maintained Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) on Friday, September 11 with “Underperform” rating. The rating was maintained by on Monday, October 10 with “Underweight”. As per Monday, October 12, the company rating was downgraded by Barclays Capital. As per Tuesday, September 13, the company rating was downgraded by Tudor Pickering. The firm has “Hold” rating given on Friday, August 7 by Deutsche Bank. JP Morgan upgraded it to “Neutral” rating and $7.40 target price in Tuesday, May 24 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.