Shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) Sees Large Inflow of Net Money Flow

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) traded negative at $6.32. On an intraday basis, the price dropped -0.15 points or -2.32%. The composite uptick value was $9.19 million while the combined downtick value was $7.04. The net money flow was $2.14 million while the up/down ratio was not very comforting at 1.3. The shares on a weekly note has seen a change in share price of 3.78%.According to the trading data, the shares saw a block trade with $4.04 million in upticks and $2.02 million in downticks. The up/down ratio for the block was calculated to be 2. The net money flow for the block trade was 2.03.


Institutional Investors own 4.98% of Petroleo Brasileiro S.A.- Petrobras shares.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.27 points or 4.17% at $6.2 with 25,349,718 shares getting traded. Post opening the session at $6.26, the shares hit an intraday low of $6.17 and an intraday high of $6.45 and the price was in this range throughout the day. The company has a market cap of $40,438 million and the number of outstanding shares have been calculated to be 6,522,248,500 shares. The 52-week high of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) is $9.72 and the 52-week low is $2.71.

Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, JP Morgan upgrades its outlook on Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR). The current rating of the shares is Neutral, according to the research report released by the firm. Previously, the company had a rating of Underweight. The brokerage firm raises the price target from $5.8 per share to $7.4 per share. The rating by the firm was issued on May 24, 2016.

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.

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