Zacks Rating on Petroleo Brasileiro S.A.- Petrobras (PBR)

Petroleo Brasileiro S.A.- Petrobras (PBR) : Zacks Investment Research ranks Petroleo Brasileiro S.A.- Petrobras (PBR) as 3, which is a Hold recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. 3 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 7 research analysts is 3.64, which indicates as a Sell.

Petroleo Brasileiro S.A.- Petrobras (PBR) : 7 investment research analysts covering Petroleo Brasileiro S.A.- Petrobras (PBR) have an average price target of $9.54 for the near short term. The highest target price given by the Brokerage Firm to the stock is $17 and the lowest target is $3 for the short term. Analysts expect the variance to be within $4.13 of the average price.


Shares of Petroleo Brasileiro S.A. – Petrobras rose by 0.98% in the last five trading days and 11.7% for the last 4 weeks. Petroleo Brasileiro S.A. – Petrobras is up 49.84% in the last 3-month period. Year-to-Date the stock performance stands at 115.35%. Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR): stock turned positive on Tuesday. Though the stock opened at $9.13, the bulls momentum made the stock top out at $9.41 level for the day. The stock recorded a low of $9.07 and closed the trading day at $9.26, in the green by 2.32%. The total traded volume for the day was 22,224,351. The stock had closed at $9.05 in the previous days trading.

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. RTM covers the refining, logistics, transport and trading of crude oil and oil products activities, export of ethanol, extraction and processing of shale, and interests in petrochemical companies in Brazil. The Gas and Power segment includes transportation and trading of natural gas produced in Brazil, among other activities. Biofuels segment covers the activities of production of biodiesel and its co-products, as well as the ethanol-related activities. The Distribution segment includes its retail network and wholesale channels. The International segment includes its activities in the Americas, Africa, Europe and Asia.

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