Petroleo Brasileiro S.A.- Petrobras (PBR) has risen sharply, recording gains of 11.91% in the past 4 weeks. However, the stock has corrected -3.69% 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 9.2% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR): The stock opened at $8.50 on Friday but the bulls could not build on the opening and the stock topped out at $8.53 for the day. The stock traded down to $8.28 during the day, due to lack of any buying support eventually closed down at $8.36 with a loss of -0.59% for the day. The stock had closed at $8.41 on the previous day. The total traded volume was 11,841,212 shares.
The stock has recorded a 20-day Moving Average of 1.88% and the 50-Day Moving Average is 15.87%. Petroleo Brasileiro S.A. – Petrobras is up 14.05% in the last 3-month period. Year-to-Date the stock performance stands at 94.42%.
Petroleo Brasileiro S.A.- Petrobras (PBR) : The consensus price target for Petroleo Brasileiro S.A.- Petrobras (PBR) is $8.76 for the short term with a standard deviation of $4.29. The most optimist securities analyst among the 7 who monitor the stock believes that the stock can reach $17, however, the pessimist price target for the company is $3.
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.