The stock of Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) is a huge mover today! About 15.47M shares traded hands. Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) has risen 42.20% since April 13, 2016 and is uptrending. It has outperformed by 38.27% the S&P500.
The move comes after 5 months positive chart setup for the $60.49B company. It was reported on Nov, 15 by Barchart.com. We have $13.50 PT which if reached, will make NYSE:PBR worth $21.17 billion more.
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 rating was initiated by Macquarie Research on Wednesday, September 30 with “Underperform”. The stock has “Neutral” rating given by JP Morgan on Friday, September 11. The rating was downgraded by Bank of America to “Neutral” on Friday, September 11. The stock has “Buy” rating given by Citigroup on Wednesday, October 5. The firm has “Underperform” rating given on Thursday, February 4 by JP Morgan. The rating was downgraded by Tudor Pickering on Tuesday, September 13 to “Hold”. As per Thursday, October 6, the company rating was maintained by Morgan Stanley. Barclays Capital downgraded Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) rating on Monday, October 12. Barclays Capital has “Equal-Weight” rating and $6.50 price target. Morgan Stanley upgraded the stock to “Equal-Weight” rating in Tuesday, March 22 report. The stock of Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) earned “Neutral” rating by Macquarie Research on Thursday, September 15.
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 Dynavax Technologies Corporation (DVAX), Petroleo Brasileiro SA Petrobras …” on November 14, 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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