Price Action Alert: Is Buying Petroleo Brasileiro SA Petrobras (ADR) Here a Winning Strategy?

Price Action Alert: Is Buying Petroleo Brasileiro SA Petrobras (ADR) Here a Winning Strategy?

The stock of Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) is a huge mover today! About 10.03M 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 5 months positive chart setup for the $71.74 billion company. It was reported on Nov, 7 by We have $17.97 PT which if reached, will make NYSE:PBR worth $42.33 billion more.

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 stock of Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) earned “Buy” rating by Citigroup on Wednesday, October 5. The company was maintained on Thursday, October 6 by Morgan Stanley. Credit Suisse maintained it with “Neutral” rating and $11 target price in Monday, September 26 report. Credit Suisse initiated the stock with “Underperform” rating in Tuesday, January 12 report. The stock has “Underweight” rating given by on Monday, October 10. The rating was initiated by Macquarie Research with “Underperform” on Wednesday, September 30. JP Morgan downgraded Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) on Thursday, February 4 to “Underperform” rating. The firm has “Market Perform” rating given on Wednesday, September 21 by Raymond James. The rating was maintained by Barclays Capital on Wednesday, March 23 with “Equal-Weight”. The firm has “Sell” rating by Deutsche Bank given on Thursday, March 24.

According to Zacks Investment Research, “Petrolo Brasilerio was founded in October of 1953 to operate in the Brazilian oil sector. The company is a mixed capital corporation that operates in the exploration, production, refining, commercialization, transportation, import, and export of oil and oil products. It also operates in the natural gas segment, in oil product distribution, in petrochemicals, and in fertilizers. The company’s main domestic clients are oil products and natural gas distributors as well as major industrial consumers.”

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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