Petroleo Brasileiro S.A.- Petrobras (PBR) : 7 analysts are covering Petroleo Brasileiro S.A.- Petrobras (PBR) and their average rating on the stock is 3.64, which is read as a Sell. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 3 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 1 more analyst has given the stock a Sell recommendation. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Petroleo Brasileiro S.A.- Petrobras (PBR) : Average target price received by Petroleo Brasileiro S.A.- Petrobras (PBR) is $9.54 with an expected standard deviation of $4.13. The most aggressive target on the stock is $17, whereas the most downbeat target is $3. 7 financial analysts are currently covering the stock.
Also, Credit Suisse upgrades their rating on the shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR). The current rating of the shares is Neutral. Earlier, the shares were rated a Underperform by the brokerage firm. Equity Analysts at the Firm raises the price target to $8.6 per share from $2 per share. The rating by the firm was issued on August 26, 2016.
Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR): After opening at $9.07, the stock dipped to an intraday low of $8.91 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $9.37 and the buying power remained strong till the end. The stock closed at $9.27 for the day, a gain of 3.58% for the day session. The total traded volume was 20,440,459. The stocks close on the previous trading day was $8.95.
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.