Petroleo Brasileiro Petrobras SA (NYSE:PBR) dropped 4.4% during mid-day trading on Monday, Marketbeat.com reports. Petroleo Brasileiro S.A. – Petrobras (PBR-A) has a weekly performance of – 3.880%. As of writing this piece, the stock is trading at $8.17 against a 52-week trading range of $5.91 to $14.00 and versus a consensus analyst price target of $9.21.
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Separately, TheStreet Ratings team rates PETROLEO BRASILEIRO SA- PETR as a Sell with a ratings score of D+. Macquarie initiates coverage on Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR). The company traded as low as $5.33 and last traded at $5.42, with a volume of 19,876,648 shares trading hands. The news, prices, opinions, research, analysis, and other information published in this article are obtained from sources believed to be reliable.
10/13/2015 – Petroleo Brasileiro Petrobras SA was upgraded by analysts at Zacks from a “hold” rating to a “buy” rating. Over the past year, the most indebted publicly listed energy company in the world has lost more than 74% of its value, while year-to-date (YTD) the stock has lost around 38% of its value. JPMorgan Chase & Co. reiterated a neutral rating on shares of Petroleo Brasileiro Petrobras SA in a report on Thursday, October 1st. The stock price is going up to its 52 week low with 25.11% and lower from its 52 week high with -25.96 %.
“Oil prices failed to ignite after the strong rally late last week and the bullish momentum has dissipated”, said Daniel Ang, analyst at Phillip Futures.
10/6/2015 – Petroleo Brasileiro Petrobras SA had its “sell” rating reaffirmed by analysts at Deutsche Bank.
Micron Technology, Inc. (NASDAQ:MU) reported the increase of 3.52% to close at $18.82 with the overall traded volume of 34.62 million shares. On last trading day company shares ended up at $70.28. The firm has a 50-day moving average price of $4.87 and a 200 day moving average price of $7.32.
Brent was up about 0.2 percent at $49.32 per barrel, after skidding 1.24 percent in the previous session. Finally, Credit Suisse restated an underperform rating and set a $3.00 price objective (down from $6.00) on shares of Petroleo Brasileiro Petrobras SA in a research report on Friday, September 11th. Societe Generale lowered their target price on Petroleo Brasileiro Petrobras SA from $7.40 to $6.40 and set a “hold” rating on the stock in a report on Friday, August 21st.
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Petroleo Brasileiro S.A. – Petrobras is an integrated energy business. Directly or through its subsidiaries, Petrobras is engaged in the research, extraction, refining, processing, trade and transport of oil from wells, shale and other rocks, its derivatives, natural gas and other liquid hydrocarbons, as well as in activities related to energy, development, production, transport, distribution and commercialization of energy. The company’s Refining, Transportation and Marketing segment is involved in the refining, logistics, transport, and trading of crude oil and oil products, as well as exports ethanol and invests in petrochemical companies. The Companys offering comprises road transportation products such as Automotive Gasoline, Diesel Fuel, Natural Vehicular Gas, Lubrax; agriculture and cattle raising products such as Sunflower Meal, among others; Industrial products such as Solvents and Paraffins, among others. It operates in four segments: Compute and Networking Business Unit, Mobile Business Unit, Storage Business Unit, and Embedded Business Unit. The worldwide segment includes its activities in the Americas, Africa, Europe and Asia.
