Todays Report: The $0.10 Earnings Per Share Expected for Petroleo Brasileiro SA – Petrobras (PBR) This Quarter

The $0.10 Earnings Per Share Expected for Petroleo Brasileiro SA – Petrobras (PBR) This Quarter

Equities research analysts predict that Petroleo Brasileiro SA – Petrobras (NYSE:PBR) will announce earnings per share of $0.10 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Petroleo Brasileiro SA – Petrobras’ earnings. Petroleo Brasileiro SA – Petrobras reported earnings of ($0.18) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 155.6%. The company is expected to report its next earnings results on Thursday, November 10th.

On average, analysts expect that Petroleo Brasileiro SA – Petrobras will report full year earnings of $0.00 per share for the current financial year. For the next year, analysts expect that the company will report earnings of $0.00 per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover Petroleo Brasileiro SA – Petrobras.

A number of research firms have recently weighed in on PBR. Barclays PLC reaffirmed an “underweight” rating and issued a $10.00 price target (up from $9.00) on shares of Petroleo Brasileiro SA – Petrobras in a research note on Monday, October 10th. Raymond James Financial Inc. raised shares of Petroleo Brasileiro SA – Petrobras from an “underperform” rating to a “market perform” rating and increased their target price for the stock from $2.71 to $9.22 in a research report on Wednesday, September 21st. HSBC raised shares of Petroleo Brasileiro SA – Petrobras from a “hold” rating to a “buy” rating in a research report on Thursday, September 8th. Vetr raised shares of Petroleo Brasileiro SA – Petrobras from a “buy” rating to a “strong-buy” rating and set a $10.04 target price on the stock in a research report on Wednesday, September 14th. Finally, Tudor Pickering downgraded shares of Petroleo Brasileiro SA – Petrobras from a “buy” rating to a “hold” rating in a research report on Tuesday, September 13th. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $8.58.

Several large investors have recently added to or reduced their stakes in the stock. ING Groep NV acquired a new position in Petroleo Brasileiro SA – Petrobras during the first quarter valued at about $6,417,000. Quadrature Capital Ltd acquired a new position in Petroleo Brasileiro SA – Petrobras during the first quarter valued at about $1,290,000. Quantum Capital Management acquired a new position in Petroleo Brasileiro SA – Petrobras during the first quarter valued at about $224,000. Eqis Capital Management Inc. raised its position in Petroleo Brasileiro SA – Petrobras by 18.6% in the second quarter. Eqis Capital Management Inc. now owns 15,354 shares of the oil and gas exploration company’s stock valued at $110,000 after buying an additional 2,410 shares during the period. Finally, Highland Capital Management LLC raised its position in Petroleo Brasileiro SA – Petrobras by 4.3% in the second quarter. Highland Capital Management LLC now owns 79,387 shares of the oil and gas exploration company’s stock valued at $568,000 after buying an additional 3,300 shares during the period. Institutional investors and hedge funds own 5.77% of the company’s stock.

Shares of Petroleo Brasileiro SA – Petrobras (NYSE:PBR) opened at 11.41 on Thursday. The company’s market capitalization is $74.42 billion. The company has a 50-day moving average price of $9.74 and a 200 day moving average price of $7.92. Petroleo Brasileiro SA – Petrobras has a one year low of $2.71 and a one year high of $11.44.

About Petroleo Brasileiro SA – Petrobras

Petroleo Brasileiro SA Petrobras is a Brazil-based integrated energy company. The Company operates in the Exploration and Production (E&P); Refining, Transportation and Marketing (RTM); Gas and Power; Biofuels; Distribution, and International segments. E&P includes exploration, development and production of crude oil, natural gas liquid and natural gas in Brazil.

Related posts

Leave a Comment