Press coverage about Petroleo Brasileiro SA Petrobras (NYSE:PBR) has been trending somewhat positive on Wednesday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Petroleo Brasileiro SA Petrobras earned a news sentiment score of 0.23 on Accern’s scale. Accern also assigned headlines about the oil and gas exploration company an impact score of 46.6950051337655 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the media headlines that may have effected Accern’s rankings:
- Notable Runners: Petroleo Brasileiro SA – Petrobras, (NYSE: PBR), Allegheny Technologies Incorporated, (NYSE: ATI); – TNN (tradingnewsnow.com)
- Petroleo Brasileiro SA – Petrobras (NYSE:PBR-A) – Analysts’ Recommendation in Spotlight – Nasdaq Journal (nasdaqjournal.com)
- Implied Volatility Surging for Petrobras (PBR) Stock Options (finance.yahoo.com)
- Petroleo Brasileiro SA – Petrobras (PBR) fell -2.57% below SMA-20 – The Stocks News (press release) (thestocksnews.com)
- Attention Seeking Stock: Petroleo Brasileiro SA Petrobras (NYSE: PBR-A) – Alpha Beta Stock (alphabetastock.com)
A number of research analysts have weighed in on the company. Credit Suisse Group set a $15.00 target price on Petroleo Brasileiro SA Petrobras and gave the company a “hold” rating in a report on Monday, January 29th. ValuEngine raised Petroleo Brasileiro SA Petrobras from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Goldman Sachs raised Petroleo Brasileiro SA Petrobras from a “sell” rating to a “neutral” rating in a report on Thursday, February 1st. HSBC lowered Petroleo Brasileiro SA Petrobras from a “buy” rating to a “hold” rating in a report on Tuesday, January 23rd. Finally, Zacks Investment Research lowered Petroleo Brasileiro SA Petrobras from a “buy” rating to a “hold” rating in a report on Monday, February 5th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $12.00.
PBR stock traded up $0.73 during mid-day trading on Wednesday, reaching $14.48. The company’s stock had a trading volume of 17,132,107 shares, compared to its average volume of 20,343,539. The company has a quick ratio of 1.55, a current ratio of 1.89 and a debt-to-equity ratio of 1.25. The stock has a market cap of $89,550.47, a price-to-earnings ratio of -1,448.00 and a beta of 2.52. Petroleo Brasileiro SA Petrobras has a 1-year low of $7.61 and a 1-year high of $14.93.
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About Petroleo Brasileiro SA Petrobras
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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