Noteworthy Price Action: Time to Buy Petroleo Brasileiro SA Petrobras (ADR) After Today’s Big Increase?

Noteworthy Price Action: Time to Buy Petroleo Brasileiro SA Petrobras (ADR) After Today's Big Increase?

The stock of Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) is a huge mover today! About 13.35M shares traded hands. Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) has risen 99.81% since April 5, 2016 and is uptrending. It has outperformed by 97.86% the S&P500.
The move comes after 7 months positive chart setup for the $71.52B company. It was reported on Nov, 7 by We have $14.41 PT which if reached, will make NYSE:PBR worth $20.03B more.

Analysts await Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) to report earnings on November, 10. They expect $0.43 EPS, up 338.89% or $0.61 from last year’s $-0.18 per share. PBR’s profit will be $2.73B for 6.55 P/E if the $0.43 EPS becomes a reality. After $0.12 actual EPS reported by Petroleo Brasileiro SA Petrobras (ADR) for the previous quarter, Wall Street now forecasts 258.33% EPS growth.

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

Out of 14 analysts covering Petroleo Brasileiro Petrobras SA (NYSE:PBR), 2 rate it a “Buy”, 4 “Sell”, while 8 “Hold”. This means 14% are positive. Petroleo Brasileiro Petrobras SA has been the topic of 29 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The company was downgraded on Tuesday, September 13 by Tudor Pickering. The stock has “Underperform” rating given by Credit Suisse on Friday, September 11. The stock of Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) earned “Market Perform” rating by Raymond James on Wednesday, September 21. The stock of Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) has “Underperform” rating given on Wednesday, September 30 by Macquarie Research. The stock of Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) has “Overweight” rating given on Tuesday, August 11 by Barclays Capital. The firm has “Buy” rating given on Wednesday, October 5 by Citigroup. Morgan Stanley maintained Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) on Thursday, October 6 with “Overweight” rating. The firm earned “Underperform” rating on Thursday, February 4 by JP Morgan. The firm has “Neutral” rating given on Thursday, September 15 by Macquarie Research. The rating was maintained by Deutsche Bank with “Hold” on Friday, August 7.

According to Zacks Investment Research, “PETROBRAS-ADR C is an integrated company operating in exploration, production, refining, retailing and transportation of petroleum and its byproducts at home and abroad.”

Another recent and important Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) news was published by which published an article titled: “Why Yahoo! Inc. (YHOO),, inc. (CRM) and Petroleo Brasileiro SA …” on September 23, 2016.

PBR Company Profile

Petroleo Brasileiro S.A.-Petrobras (Petrobras), incorporated on October 3, 1953, is an energy company. The Company, through its subsidiaries, 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. The Firm operates in five divisions: Exploration and Production (E&P); Refining, Transportation and Marketing (RT&M); Gas and Power; Biofuels, and Distribution. The Firm 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.

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