Petroleo Brasileiro S.A.- Petrobras (PBR) : The consensus on Petroleo Brasileiro S.A.- Petrobras (PBR) based on 8 analyst recommendation on the company stock is 3.56, which is interpreted as a Sell recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 3 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Petroleo Brasileiro S.A.- Petrobras (PBR).
Petroleo Brasileiro S.A.- Petrobras (PBR) : The highest short term price target forecast on Petroleo Brasileiro S.A.- Petrobras (PBR) is $17 and the lowest target price is $3. A total of 8 equity analysts are currently covering the company. The average price of all the analysts is $8.91 with a standard deviation of $3.99.
Company shares have received an average consensus rating of Hold for the current week Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $8.47 and $8.36 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $8.73. The buying momentum continued till the end and the stock did not give up its gains. It closed at $8.67, notching a gain of 2.85% for the day. The total traded volume was 20,007,131 . The stock had closed at $8.43 on the previous day.
Petroleo Brasileiro SA Petrobras is a Brazil-based integrated energy company. The Company operates in the Exploration and Production (E&P); Refining, Transportation and Marketing (RTM); Gas and Power; Biofuels; Distribution, and International segments. E&P includes exploration, development and production of crude oil, natural gas liquid and natural gas in Brazil. RTM covers the refining, logistics, transport and trading of crude oil and oil products activities, export of ethanol, extraction and processing of shale, and interests in petrochemical companies in Brazil. The Gas and Power segment includes transportation and trading of natural gas produced in Brazil, among other activities. Biofuels segment covers the activities of production of biodiesel and its co-products, as well as the ethanol-related activities. The Distribution segment includes its retail network and wholesale channels. The International segment includes its activities in the Americas, Africa, Europe and Asia.