Petroleo Brasileiro SA – Petrobras (PBR) Trading 2.2% Higher
Shares of Petroleo Brasileiro SA – Petrobras (NYSE:PBR) traded up 2.2% during trading on Tuesday . The stock traded as high as $9.28 and last traded at $9.28, with a volume of 14,902,006 shares. The stock had previously closed at $9.08.
Several analysts have recently commented on the company. Barclays PLC restated an “underweight” rating and set a $9.00 target price on shares of Petroleo Brasileiro SA – Petrobras in a report on Monday. Morgan Stanley restated an “overweight” rating and set a $10.00 target price on shares of Petroleo Brasileiro SA – Petrobras in a report on Friday, August 12th. Zacks Investment Research cut Petroleo Brasileiro SA – Petrobras from a “buy” rating to a “hold” rating in a report on Thursday, August 11th. Finally, Vetr cut Petroleo Brasileiro SA – Petrobras from a “hold” rating to a “sell” rating and set a $8.00 target price on the stock. in a report on Wednesday, August 3rd. Eight analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. Petroleo Brasileiro SA – Petrobras currently has a consensus rating of “Hold” and an average price target of $6.41.
The company has a 50 day moving average price of $8.17 and a 200-day moving average price of $6.31. The firm’s market cap is $60.66 billion.
A hedge fund recently raised its stake in Petroleo Brasileiro SA – Petrobras stock. Bridgewater Associates LP raised its stake in shares of Petroleo Brasileiro SA – Petrobras (NYSE:PBR) by 6.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,855,200 shares of the oil and gas exploration company’s stock after buying an additional 108,500 shares during the period. Bridgewater Associates LP’s holdings in Petroleo Brasileiro SA – Petrobras were worth $7,977,000 at the end of the most recent quarter.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.