Petroleo Brasileiro SA – Petrobras (NYSE:PBR) shares were down 8% during mid-day trading on Tuesday . The stock traded as low as $6.80 and last traded at $6.87, with a volume of 15,754,738 shares. The stock had previously closed at $7.47.

Several research analysts have issued reports on PBR shares. Simmons cut their price target on Petroleo Brasileiro SA – Petrobras to $2.00 in a report on Friday, March 25th. Zacks Investment Research upgraded Petroleo Brasileiro SA – Petrobras from a “hold” rating to a “buy” rating and set a $6.50 price target on the stock in a report on Wednesday, March 30th. Morgan Stanley upgraded Petroleo Brasileiro SA – Petrobras from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $2.00 to $5.60 in a report on Tuesday, March 22nd. Barclays PLC reiterated an “equal weight” rating and issued a $6.50 price target on shares of Petroleo Brasileiro SA – Petrobras in a report on Wednesday, March 23rd. Finally, Vetr upgraded Petroleo Brasileiro SA – Petrobras from a “sell” rating to a “hold” rating and set a $5.12 target price on the stock in a report on Tuesday, March 15th. Six research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. Petroleo Brasileiro SA – Petrobras has a consensus rating of “Hold” and an average target price of $6.03.

The stock’s market capitalization is $48.74 billion. The stock has a 50 day moving average price of $6.51 and a 200-day moving average price of $5.34.

Petroleo Brasileiro SA Petrobras is a Brazil-based integrated energy company. The Company operates in the Exploration and Production (E&P); Refining, Transportation and Marketing (RTM); Gas and Power; Biofuels; Distribution, and International segments. E&P includes exploration, development and production of crude oil, natural gas liquid and natural gas in Brazil.

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