Petroleo Brasileiro SA Petrobras (ADR) (PBR) was Downgraded by Tudor Pickering to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Tudor Pickering advised their investors in a research report released on Sep 13, 2016.
Many Wall Street Analysts have commented on Petroleo Brasileiro SA Petrobras (ADR). Petroleo Brasileiro SA Petrobras (ADR) was Upgraded by HSBC Securities to ” Buy” on Sep 8, 2016. Petroleo Brasileiro SA Petrobras (ADR) was Upgraded by Credit Suisse to ” Neutral” on Aug 26, 2016. Petroleo Brasileiro SA Petrobras (ADR) was Upgraded by Morgan Stanley to ” Overweight” on Jul 7, 2016.
Petroleo Brasileiro SA Petrobras (ADR) opened for trading at $9.38 and hit $9.88 on the upside on Monday, eventually ending the session at $9.81, with a gain of 3.15% or 0.3 points. The heightened volatility saw the trading volume jump to 21,558,166 shares. Company has a market cap of $63,983 M.
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.