Equities analysts expect Petroleo Brasileiro SA Petrobras (NYSE:PBR) to announce earnings of $0.31 per share for the current quarter, Zacks reports. Two analysts have made estimates for Petroleo Brasileiro SA Petrobras’ earnings, with the highest EPS estimate coming in at $0.39 and the lowest estimate coming in at $0.21. Petroleo Brasileiro SA Petrobras reported earnings per share of $0.21 in the same quarter last year, which would suggest a positive year-over-year growth rate of 47.6%. The business is expected to issue its next quarterly earnings report on Tuesday, March 20th.
On average, analysts expect that Petroleo Brasileiro SA Petrobras will report full-year earnings of $0.71 per share for the current year, with EPS estimates ranging from $0.65 to $0.82. For the next year, analysts anticipate that the firm will post earnings of $1.29 per share, with EPS estimates ranging from $0.70 to $2.11. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Petroleo Brasileiro SA Petrobras.
PBR has been the subject of a number of research analyst reports. ValuEngine raised Petroleo Brasileiro SA Petrobras from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Credit Suisse Group set a $15.00 target price on Petroleo Brasileiro SA Petrobras and gave the stock a “hold” rating in a report on Monday, January 29th. Goldman Sachs Group raised Petroleo Brasileiro SA Petrobras from a “sell” rating to a “neutral” rating in a report on Thursday, February 1st. Zacks Investment Research lowered Petroleo Brasileiro SA Petrobras from a “buy” rating to a “hold” rating in a report on Monday, February 5th. Finally, HSBC lowered Petroleo Brasileiro SA Petrobras from a “buy” rating to a “hold” rating in a report on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. Petroleo Brasileiro SA Petrobras currently has a consensus rating of “Hold” and a consensus target price of $12.00.
Institutional investors and hedge funds have recently modified their holdings of the stock. Flow Traders U.S. LLC bought a new stake in shares of Petroleo Brasileiro SA Petrobras in the fourth quarter worth $109,000. Quadrant Private Wealth Management LLC bought a new stake in shares of Petroleo Brasileiro SA Petrobras in the fourth quarter worth $123,000. KCS Wealth Advisory bought a new stake in shares of Petroleo Brasileiro SA Petrobras in the fourth quarter worth $136,000. Marathon Trading Investment Management LLC bought a new stake in shares of Petroleo Brasileiro SA Petrobras in the fourth quarter worth $194,000. Finally, Saratoga Research & Investment Management bought a new stake in shares of Petroleo Brasileiro SA Petrobras in the third quarter worth $194,000. 5.98% of the stock is owned by institutional investors.
Shares of Petroleo Brasileiro SA Petrobras (NYSE PBR) traded up $0.54 during trading hours on Tuesday, reaching $13.29. The company’s stock had a trading volume of 19,060,500 shares, compared to its average volume of 22,867,582. The stock has a market capitalization of $87,670.00, a PE ratio of 36.92 and a beta of 2.69. Petroleo Brasileiro SA Petrobras has a 1-year low of $7.61 and a 1-year high of $13.99. The company has a quick ratio of 1.66, a current ratio of 2.02 and a debt-to-equity ratio of 1.27.
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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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