Petróleo Brasileiro S.A. – Petrobras (PBR) Projected to Post Earnings on Friday

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) is projected to post its quarterly earnings results before the market opens on Friday, March 14th. Analysts expect Petróleo Brasileiro S.A. – Petrobras to post earnings of $0.37 per share and revenue of $126.02 billion for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

Shares of PBR stock opened at $12.61 on Wednesday. Petróleo Brasileiro S.A. – Petrobras has a 12 month low of $12.45 and a 12 month high of $17.44. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.94 and a quick ratio of 0.71. The firm has a market capitalization of $81.23 billion, a P/E ratio of 4.92, a P/E/G ratio of 0.18 and a beta of 1.39. The company’s fifty day moving average price is $13.74 and its two-hundred day moving average price is $14.04.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. The Goldman Sachs Group boosted their price objective on shares of Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. HSBC upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a report on Wednesday, March 5th. Hsbc Global Res upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Finally, StockNews.com lowered shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a report on Monday, March 3rd. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $17.81.

Petróleo Brasileiro S.A. – Petrobras Company Profile

Petróleo Brasileiro SA – Petrobras explores, produces, and sells oil and gas in Brazil and internationally. The company operates through three segments: Exploration and Production; Refining, Transportation and Marketing; and Gas and Power. The Exploration and Production segment explores, develops, and produces crude oil, natural gas liquids, and natural gas primarily for supplies to the domestic refineries.