Analysts Set $10.00 Target Price for Petroleo Brasileiro SA- Petrobras (PBR.A)

Postado Novembro 14, 2017

Highland Capital Management LLC increased its stake in shares of Petroleo Brasileiro SA - Petrobras by 4.3% in the second quarter. The firm owned 30,891 shares of the company's stock after purchasing an additional 19,686 shares during the quarter. Acadian Asset Management LLC now owns 4,066,630 shares of the company's stock worth $32,491,000 after acquiring an additional 3,681,383 shares during the period. Eqis Capital Management Inc. now owns 16,082 shares of the company's stock worth $128,000 after buying an additional 1,262 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Petroleo Brasileiro S.A. - Petrobras in the 2nd quarter worth approximately $118,000. The stock had a trading volume of 5,284,100 shares, compared to its average volume of 6,800,988. Institutional investors and hedge funds own 5.68% of the company's stock. The value of the total investment in Petroleo Brasileiro S.A. - Petrobras went from $276,000 to $335,000 increasing 21.4% quarter to quarter. The stock's 50-day moving average price is $10.96 and its 200-day moving average price is $8.81. If you are reading this story on another site, it was copied illegally and reposted in violation of USA & global trademark and copyright law.

Ltd. says it sold 2,385 shares in quarter ending 09/30/2017 decreasing its holdings in Petroleo Brasileiro S.A. - Petrobras by 6.4%. Credit Suisse Group reiterated a "buy" rating on shares of Petroleo Brasileiro S.A. - Petrobras in a report on Friday, September 15th. Finally, Van ECK Associates Corp boosted its stake in Petroleo Brasileiro S.A. - Petrobras by 11.6% during the second quarter.

Analysts have set a 12 month consensus price target of $10.00 for the company, according to Zacks.

Barclays PLC released research on PBR and giving a rating of "Sell" and price target of $10.00. One analyst has rated the stock with a hold rating. 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, as well as oil products, natural gas and other liquid hydrocarbons.