Brokerage Firm Rating Update on Petroleo Brasileiro S.A.- Petrobras (PBR)

Petroleo Brasileiro S.A.- Petrobras (PBR) : The consensus on Petroleo Brasileiro S.A.- Petrobras (PBR) based on 7 analyst recommendation on the company stock is 3.64, which is interpreted as a Sell recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 3 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Petroleo Brasileiro S.A.- Petrobras (PBR).

Petroleo Brasileiro S.A.- Petrobras (PBR) stock is expected to deviate a maximum of $4.13 from the average target price of $9.54 for the short term period. 7 Street Experts have initiated coverage on the stock with the most promising target being $17 and the most muted being $3.


Company shares have received an average consensus rating of Hold for the current week Also, In the latest statement by the brokerage house, Credit Suisse upgrades its outlook on Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR). The current rating of the shares is Neutral, according to the research report released by the firm. Previously, the company had a rating of Underperform. The brokerage firm raises the price target from $2 per share to $8.6 per share. The rating by the firm was issued on August 26, 2016.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR): stock was range-bound between the intraday low of $9.81 and the intraday high of $10.04 after having opened at $9.96 on Wednesdays session. The stock finally closed in the red at $9.96, a loss of -0.60%. The stock remained in the red for the whole trading day. The total traded volume was 18,260,008 shares. The stock failed to cross $10.04 in Wednesdays trading. The stocks closing price on Thursday was $9.94.

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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