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Raymond James upgraded Petroleo Brasileiro Sa (NYSE:PBR) from Underperform to Market Perform in a statement released earlier today.

Yesterday Petroleo Brasileiro Sa (NYSE:PBR) traded -3.97% lower at $9.22. The company’s 50-day moving average is $9.21 and its two hundred day average is $7.37. With the last stock price close up 24.60% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 28,394,091 shares of the stock traded hands, up from an average trading volume of 23,004,900

Raymond James has upgraded Petroleo Brasileiro Sa (NYSE:PBR) from Underperform to Market Perform in a report released on 9/21/2016.

See Chart Below

Petroleo Brasileiro Sa (NYSE:PBR)

Petroleo Brasileiro Sa has a 52 week low of $2.71 and a 52 week high of $10.24 The company’s market cap is currently $0.

In addition to Raymond James reporting its stock price target, a total of 8 brokers have issued a report on the company. The average stock price target is $4.88 with 0 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 brokerages rating the company a underperform, and lastly zero brokerages rating the company a sell.

General Company Details For Petroleo Brasileiro Sa (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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