Petrobras Argentina SA (PZE) Sees Strong Trading Volume
Petrobras Argentina SA (NYSE:PZE) shares saw an uptick in trading volume on Thursday . 130,956 shares were traded during mid-day trading, an increase of 90% from the previous session’s volume of 68,804 shares.The stock last traded at $6.14 and had previously closed at $6.15.
Separately, Raymond James Financial Inc. cut shares of Petrobras Argentina SA from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 27th.
The stock has a market cap of $1.25 billion and a PE ratio of 22.18. The company’s 50-day moving average is $6.23 and its 200-day moving average is $6.25.
Petrobras Argentina SA, (formerly Petrobras Energia SA), is an Argentina-based integrated company primarily engaged in the energy sector. The Company’s activities are structured in four business segments: Oil and Gas Exploration and Production, including the acquisition, exploration, exploitation and maintenance of oil and gas reserves; Refining and Distribution, focusing in the production of fuels, lubricants and asphalts; Petrochemicals, comprising the production of styrene, polystyrene, bi-oriented polystyrene (BOPS) and synthetic rubber; as well as Gas and Energy, providing gas distribution and electric energy generation and transmission.
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