Stock Mover of the Day: How Analysts Feel About Petroleo Brasileiro SA Petrobras (ADR) After Today’s Significant Increase?

Stock Mover of the Day: How Analysts Feel About Petroleo Brasileiro SA Petrobras (ADR) After Today's Significant Increase?

The stock of Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) is a huge mover today! About 5.03 million shares traded hands. Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) has risen 47.19% since April 25, 2016 and is uptrending. It has outperformed by 41.17% the S&P500.
The move comes after 7 months positive chart setup for the $62.27 billion company. It was reported on Nov, 28 by Barchart.com. We have $11.11 PT which if reached, will make NYSE:PBR worth $4.98B more.

Analysts await Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) to report earnings on March, 20. They expect $0.17 earnings per share, up 180.95% or $0.38 from last year’s $-0.21 per share. PBR’s profit will be $1.03B for 15.13 P/E if the $0.17 EPS becomes a reality. After $0.12 actual earnings per share reported by Petroleo Brasileiro SA Petrobras (ADR) for the previous quarter, Wall Street now forecasts 41.67% 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 rating was downgraded by Barclays Capital on Wednesday, July 13 to “Underweight”. Barclays Capital maintained the stock with “Equal-Weight” rating in Wednesday, March 23 report. The rating was downgraded by Bank of America on Friday, September 11 to “Neutral”. As per Thursday, February 4, the company rating was downgraded by JP Morgan. The firm has “Neutral” rating by Macquarie Research given on Thursday, September 15. On Tuesday, December 15 the stock rating was initiated by Credit Agricole with “Underperform”. The firm has “Market Perform” rating by Raymond James given on Wednesday, September 21. On Friday, August 26 the stock rating was upgraded by Credit Suisse to “Neutral”. Deutsche Bank downgraded Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) on Thursday, March 24 to “Sell” rating. The stock of Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) earned “Underperform” rating by Macquarie Research on Wednesday, September 30.

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.”

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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