Petroleo Brasileiro S.A.- Petrobras (PBR) has risen sharply, recording gains of 4.95% in the past 4 weeks. However, the stock has corrected -3.39% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 5.17% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 3.59% and the fifty day Moving Average is 13.27%. Petroleo Brasileiro S.A. – Petrobras is up 55.99% in the last three month period. Year-to-Date the stock performance stands at 111.86%.
Petroleo Brasileiro S.A.- Petrobras (PBR) has been rated by 7 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $17 and the lowest price target forecast is $3. The average forecast of all the analysts is $9.54 and the expected standard deviation is $4.13.
Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR): On Fridays trading session , Opening price of the stock was $9.29 with an intraday high of $9.46. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $9.015. However, the stock managed to close at $9.11, a loss of 0.87% for the day. On the previous day, the stock had closed at $9.19. The total traded volume of the day was 19,851,103 shares.
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.