Petroleo Brasileiro SA – Petrobras (PBR) Stock Price Down 4.2%
Petroleo Brasileiro SA – Petrobras (NYSE:PBR)’s share price traded down 4.2% during trading on Monday . The company traded as low as $9.03 and last traded at $9.03, with a volume of 13,476,102 shares. The stock had previously closed at $9.43.
A number of equities analysts recently commented on the company. Barclays PLC reaffirmed an “underweight” rating and issued a $9.00 price objective on shares of Petroleo Brasileiro SA – Petrobras in a research note on Monday, August 15th. Morgan Stanley reaffirmed an “overweight” rating and issued a $10.00 price objective on shares of Petroleo Brasileiro SA – Petrobras in a research note on Friday, August 12th. Zacks Investment Research lowered Petroleo Brasileiro SA – Petrobras from a “buy” rating to a “hold” rating in a research note on Thursday, August 11th. Finally, Vetr lowered Petroleo Brasileiro SA – Petrobras from a “hold” rating to a “sell” rating and set a $8.00 price objective on the stock. in a research note on Wednesday, August 3rd. Eight investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. Petroleo Brasileiro SA – Petrobras currently has a consensus rating of “Hold” and a consensus target price of $6.41.
The company’s 50 day moving average is $8.30 and its 200-day moving average is $6.37. The stock’s market capitalization is $59.03 billion.
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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