Shares of Petroleo Brasileiro SA Petrobras (NYSE:PBR) gapped up prior to trading on Thursday . The stock had previously closed at $12.86, but opened at $13.16. Petroleo Brasileiro SA Petrobras shares last traded at $13.53, with a volume of 15424022 shares trading hands.
Several analysts have recently issued reports on PBR shares. Credit Suisse Group set a $12.00 price target on shares of Petroleo Brasileiro SA Petrobras and gave the company a “buy” rating in a research report on Monday, December 25th. Zacks Investment Research lowered shares of Petroleo Brasileiro SA Petrobras from a “buy” rating to a “hold” rating in a research report on Monday, February 5th. HSBC lowered shares of Petroleo Brasileiro SA Petrobras from a “buy” rating to a “hold” rating in a research report on Tuesday, January 23rd. ValuEngine raised shares of Petroleo Brasileiro SA Petrobras from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Goldman Sachs Group raised shares of Petroleo Brasileiro SA Petrobras from a “sell” rating to a “neutral” rating in a research report on Thursday, February 1st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. Petroleo Brasileiro SA Petrobras currently has a consensus rating of “Hold” and an average target price of $12.00.
The company has a debt-to-equity ratio of 1.27, a current ratio of 2.02 and a quick ratio of 1.66. The company has a market capitalization of $86,220.00, a price-to-earnings ratio of 38.66 and a beta of 2.69.
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Petroleo Brasileiro SA Petrobras Company Profile
Petroleo Brasileiro SA-Petrobras specializes in the oil, natural gas and energy industry. The Company is engaged in prospecting, drilling, refining, processing, trading and transporting crude oil from producing onshore and offshore oil fields and from shale or other rocks. Its segments include Exploration and Production, which covers the activities of exploration, development and production of crude oil, natural gas liquid and natural gas; Refining, Transportation and Marketing, which covers the refining, logistics, transport and trading of crude oil and oil products activities, exporting of ethanol, and extraction and processing of shale; Gas and Power, which is engaged in transportation and trading of natural gas produced in Brazil and imported natural gas; Biofuels, which covers the activities of production of biodiesel and its co-products, and ethanol-related activities; Distribution, which includes the activities of its subsidiary Petrobras Distribuidora SA, and Corporate.
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