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Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) has been downgraded to Hold in a statement by Tudor Pickering earlier today.

Tudor Pickering has downgraded Petroleo Brasileiro SA Petrobras (ADR)(NYSE:PBR) to Hold in a statement released on Tuesday September 13 2016.

Showing a price of $9.73, Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) traded 0.34% higher on the day. The last close is up 25.26% relative to the 200-day moving average, compared with the Standard & Poor’s 500 Index which has fallen -0.01% over the same time period. PBR has recorded a 50-day average of $8.99 and 200-day moving average of $7.15. Trade volume was was up over the average, with 30,429,243 shares of PBR changing hands over the typical 23,036,800 shares.

See Chart Below:

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

Petroleo Brasileiro SA Petrobras (ADR) has a one-year low of $2.71 and a one-year high of $10.24. PBR’s total market value is presently $0.0.

In addition to Tudor Pickering reporting it’s price target, a total of 8 brokerages have released a report on the stock. The average target stock price is $4.88 with 0 rating the company a strong buy, one firm rating the company a buy, three firms rating the stock a hold, four analysts rating the stock to underperform, and finally 0 firmsrating the stock as sell.

General Information 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), and in Pecem (State of Ceara) in Northeastern Brazil and in the Todos os Santos Bay (State of Bahia).

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