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A statement released earlier today by Vetr Inc. about Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) bumps the target price to $9.84

Boasting a price of $10.41, Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) traded 1.15% higher on the day. With the last close up 37.17% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Petroleo Brasileiro SA Petrobras (ADR) has recorded a 50-day average of $9.44 and a two hundred day average of $7.68. Volume of trade was up over the average, with 25,471,632 shares of PBR changing hands over the typical 22,810,800

Vetr Inc. bumped up the target of Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) to $9.84 stating a potential downside of -0.05%.

Performance Chart

Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR)

With a total market value of $0, Petroleo Brasileiro SA Petrobras (ADR) has with a one year low of $2.71 and a one year high of $10.61 .

A total of 8 analysts have released a research note on PBR. zero analysts rating the company a strong buy, one analyst rating the company a buy, three analysts rating the company a hold, four analysts rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $4.88.

More About Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR)

Petroleo Brasileiro S.A.-Petrobras is an energy company. The Company is engaged in prospecting, drilling, refining, processing, trading and transporting crude oil from producing onshore and offshore oil fields and from shale or other rocks, as well as oil products, natural gas and other liquid hydrocarbons. It operates in segments: Exploration and Production (E&P); Refining, Transportation and Marketing (RT&M); Gas and Power; Biofuels, and Distribution. It carries out energy related activities, such as research, development, production, transport, distribution and trading of various forms of energy, as well as other related or similar activities. It owns and operates over three LNG terminals using approximately three Floating Storage and Regasification Units (FSRUs) in Guanabara Bay (State of Rio de Janeiro) with a send-out capacity of over 700 million cubic feet per day (mmcf/d), in Pecem (State of Ceara) in Northeastern Brazil and in the Todos os Santos Bay (State of Bahia).

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