Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR – Get Free Report) announced its quarterly earnings data on Tuesday. The oil and gas exploration company reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.06, Zacks reports. Petroleo Brasileiro S.A.- Petrobras had a return on equity of 30.61% and a net margin of 24.52%.
Petroleo Brasileiro S.A.- Petrobras Stock Down 0.4%
Shares of NYSE:PBR traded down $0.07 during midday trading on Tuesday, hitting $18.27. 23,466,235 shares of the company’s stock were exchanged, compared to its average volume of 23,305,314. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.85 and a quick ratio of 0.58. The stock has a 50 day moving average price of $22.13 and a 200-day moving average price of $19.25. The company has a market cap of $117.77 billion, a PE ratio of 4.61, a price-to-earnings-growth ratio of 0.39 and a beta of 0.33. Petroleo Brasileiro S.A.- Petrobras has a 12 month low of $11.43 and a 12 month high of $26.39.
Wall Street Analysts Forecast Growth
Several research firms recently commented on PBR. Weiss Ratings raised Petroleo Brasileiro S.A.- Petrobras from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, October 9th. Wall Street Zen raised Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 31st. UBS Group boosted their target price on shares of Petroleo Brasileiro S.A.- Petrobras from $22.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, September 23rd. Zacks Research raised shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 30th. Finally, JPMorgan Chase & Co. raised their price target on shares of Petroleo Brasileiro S.A.- Petrobras from $23.00 to $24.00 and gave the stock an “overweight” rating in a report on Tuesday, September 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $20.97.
Get Our Latest Stock Analysis on PBR
Petroleo Brasileiro S.A.- Petrobras Company Profile
Petróleo Brasileiro S.A., known as Petrobras, is an integrated energy company headquartered in Rio de Janeiro, Brazil. Founded in 1953, it is controlled by the Brazilian government and has publicly traded shares, including American depositary shares listed in the United States. Petrobras’s core business is exploring for and producing oil and natural gas, with a significant focus on offshore and deepwater fields, including Brazil’s pre-salt basins. The company also operates in refining, transportation, and the sale of oil, fuels, natural gas, and related energy products.
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