Citigroup Inc. upgraded Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) to Buy in a statement released earlier today.
- Updated: October 5, 2016
Having a price of $9.59, Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) traded 4.22% higher on the day. With the last close up 31.43% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. PBR has recorded a 50-day average of $9.35 and a two hundred day average of $7.61. Trade Volume was down over the average, with 20,372,501 shares of PBR changing hands under the typical 22,861,600
Citigroup Inc. has upgraded Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) to Buy in a statement released on Wednesday October 05, 2016.
On 10/03/2016, Vetr Inc. released a statement on Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) upped the target price from $0.00 to $9.84 that suggested an upside of 0.05%.
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 $10.24 .
A total of 8 brokerages have issued a ratings update on the company. 0 brokerages rating the stock a strong buy, 1 brokerage rating the stock a buy, 3 firms rating the stock a hold, 4 firms rating the stock a underperform, and finally 0 firms rating the stock a sell with a consensus target price of $4.88.
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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