Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: November 29, 2016
Boasting a price of $9.93, Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) traded -4.22% lower on the day. With the last stock price close up 11.40% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. Petroleo Brasileiro SA Petrobras (ADR) has recorded a 50-day average of $10.96 and a two hundred day average of $8.81. Volume of trade was down over the average, with 19,752,316 shares of PBR changing hands under the typical 25,309,400
Zacks Investment Research has upgraded Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) to Hold in a statement released on 11/29/2016.
On Monday November 21, 2016, Vetr Inc. released a statement for Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) bumped up the target price from $0.00 to $10.44 that suggested an upside of 0.08%.
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 $12.56 .
A total of 8 equity analysts have released a ratings update on PBR. zero equity analysts rating the company a strong buy, one equity analyst rating the company a buy, three equity analysts rating the company a hold, four equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $4.88.
Brief Synopsis 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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