How Credit Agricole Currently Rates Petrobras Brasileiro (NYSE:PBR)
The firm Credit Agricole has started coverage on Petrobras Brasileiro (NYSE:PBR)’s stock, rating it “Underperform”. This was sent to investors in a note on 15 December.
From a total of 14 analysts covering Petroleo Brasileiro Petrobras SA (NYSE:PBR) stock, 1 rate it a ”Buy”, 2 a “Sell”, and 3 a ”Hold”. This means that 17% of the ratings are positive. The highest target price is $15 while the lowest target price is $2. The mean of all analyst targets is $6.55 with a 20.95% above today’s ($4.63) stock price. Petroleo Brasileiro Petrobras SA was the topic of 10 analyst reports since August 7, 2015 according to the firm StockzIntelligence Inc. Barclays Capital downgraded shares on October 12 to “Equal-Weight” rating. Bank of America downgraded PBR stock in a recent report from September 11 to “Neutral” rating. Finally, JP Morgan downgraded the stock to “Neutral” rating in a report issued on a September 11.
The stock increased 2.89% or $0.13 on December 15, striking $4.63. Approximately 19.94 million shares of stock traded hands. Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) has declined 53.89% since May 12, 2015 and is downtrending. It has underperformed by 50.22% the S&P500.
Analysts await Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) to reports earnings on January, 27. They expect $0.09 earnings per share, down 52.63% or $0.10 from last year’s $0.19 per share. PBR’s profit will be $533.39M for 12.86 P/E if the $0.09 EPS becomes reality. After $0.28 actual earnings per share reported by Petroleo Brasileiro SA Petrobras (ADR) for the previous quarter, Wall Street now forecasts -67.86% negative EPS growth.
Petroleo Brasileiro SA Petrobras is a Brazil integrated energy company. The company has a market cap of $27.44 billion. The Firm operates in the Exploration and Production ; Refining, Transportation and Marketing (RTM); Gas and Power; Biofuels; Distribution, and International divisions. It currently has negative earnings. E&P includes exploration, development and production of crude oil, natural gas liquid and natural gas in Brazil.
According to Zacks Investment Research, “PETROBRAS-ADR C is an integrated company operating in exploration, production, refining, retailing and transportation of petroleum and its byproducts at home and abroad.”