Petroleo Brasileiro SA – Petrobras (NYSE:PBR) shares shot up 3.8% on Thursday . The company traded as high as $8.24 and last traded at $8.22, with a volume of 13,950,833 shares. The stock had previously closed at $7.92.

A number of research firms have weighed in on PBR. Credit Suisse Group AG reissued a “sell” rating on shares of Petroleo Brasileiro SA – Petrobras in a research note on Saturday, May 14th. Bank of America Corp. reissued a “hold” rating and issued a $4.00 target price on shares of Petroleo Brasileiro SA – Petrobras in a research note on Sunday, April 10th. Vetr lowered shares of Petroleo Brasileiro SA – Petrobras from a “hold” rating to a “sell” rating and set a $7.87 target price on the stock. in a research note on Monday. Barclays PLC lowered shares of Petroleo Brasileiro SA – Petrobras from an “equal weight” rating to an “underweight” rating and raised their target price for the stock from $7.50 to $9.00 in a research note on Wednesday. Finally, Zacks Investment Research raised shares of Petroleo Brasileiro SA – Petrobras from a “hold” rating to a “buy” rating and set a $9.00 target price on the stock in a research note on Wednesday. Eight research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $6.79.

The company’s market capitalization is $53.03 billion. The firm’s 50 day moving average is $6.82 and its 200-day moving average is $5.50.

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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