Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) has climbed 2.32% in the past week and advanced 2.64% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 3.55% and the outperformance has advanced to 1.7% for the last 4 weeks period.
Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $6.43 and $6.39 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $6.70. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.62, notching a gain of 6.43% for the day. The total traded volume was 25,499,756 . The stock had closed at $6.22 on the previous day.
The company shares have dropped -30.17% from its 1 Year high price. On Jun 23, 2015, the shares registered one year high at $9.68 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $6.63 and the 200 Day Moving Average price is recorded at $5.13.
Many analysts have stated their opinion on the company shares. In a research note released to the investors, JP Morgan upgrades its rating on Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR).The analysts at the brokerage house have a current rating of Neutral on the shares. Earlier, the shares were rated a Underweight by the brokerage firm. In a recent information released to the investors, JP Morgan raises the new price target from $5.8 per share to $7.4 per share. The rating by the firm was issued on May 24, 2016. Institutional Investors own 4.98% of Petroleo Brasileiro S.A.- Petrobras shares.
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.