Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Get Free Report) will likely be posting its quarterly earnings results before the market opens on Friday, March 14th. Analysts expect Petróleo Brasileiro S.A. - Petrobras to post earnings of $0.37 per share and revenue of $126.02 billion for the quarter. Individual interested in participating in the company's earnings conference call can do so using this link.
Petróleo Brasileiro S.A. - Petrobras Stock Performance
Petróleo Brasileiro S.A. - Petrobras stock traded up $0.12 during midday trading on Friday, reaching $12.97. 17,505,575 shares of the stock traded hands, compared to its average volume of 14,909,930. The company has a current ratio of 0.94, a quick ratio of 0.71 and a debt-to-equity ratio of 0.65. The firm has a fifty day moving average price of $13.74 and a two-hundred day moving average price of $14.07. The firm has a market cap of $83.55 billion, a price-to-earnings ratio of 5.06, a PEG ratio of 0.18 and a beta of 1.39. Petróleo Brasileiro S.A. - Petrobras has a fifty-two week low of $12.55 and a fifty-two week high of $17.44.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on the stock. HSBC raised shares of Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "buy" rating and set a $15.00 target price for the company in a research note on Wednesday. StockNews.com lowered shares of Petróleo Brasileiro S.A. - Petrobras from a "buy" rating to a "hold" rating in a research note on Monday, March 3rd. Hsbc Global Res upgraded shares of Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "strong-buy" rating in a research report on Wednesday. Finally, The Goldman Sachs Group upped their price target on shares of Petróleo Brasileiro S.A. - Petrobras from $15.40 to $17.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $17.81.
Get Our Latest Analysis on Petróleo Brasileiro S.A. - Petrobras
About Petróleo Brasileiro S.A. - Petrobras
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Petróleo Brasileiro SA - Petrobras explores, produces, and sells oil and gas in Brazil and internationally. The company operates through three segments: Exploration and Production; Refining, Transportation and Marketing; and Gas and Power. The Exploration and Production segment explores, develops, and produces crude oil, natural gas liquids, and natural gas primarily for supplies to the domestic refineries.
Further Reading
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