Petrobras (PBR) Receiving Somewhat Favorable Press Coverage, Accern Reports

Headlines about Petrobras (NYSE:PBR) have been trending somewhat positive on Tuesday, Accern reports. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Petrobras earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned news articles about the oil and gas exploration company an impact score of 46.3083440008356 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the media headlines that may have effected Accern Sentiment’s analysis:

How to Become a New Pot Stock Millionaire

A number of equities research analysts recently issued reports on the company. Credit Suisse Group set a $12.00 target price on Petrobras and gave the company a “buy” rating in a research note on Monday, December 25th. Zacks Investment Research raised Petrobras from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Tuesday, January 2nd. HSBC lowered Petrobras from a “buy” rating to a “hold” rating in a research note on Tuesday, January 23rd. Goldman Sachs raised Petrobras from a “sell” rating to a “neutral” rating in a research note on Thursday, February 1st. Finally, ValuEngine raised Petrobras from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $12.00.

Shares of PBR traded up $0.29 during trading hours on Tuesday, hitting $13.71. The stock had a trading volume of 6,405,253 shares, compared to its average volume of 18,685,270. Petrobras has a 12-month low of $7.61 and a 12-month high of $14.93. The firm has a market capitalization of $90,398.36, a P/E ratio of 19.50 and a beta of 2.42. The company has a current ratio of 1.89, a quick ratio of 1.55 and a debt-to-equity ratio of 1.25.

Petrobras (NYSE:PBR) last announced its quarterly earnings results on Thursday, March 15th. The oil and gas exploration company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.02. The firm had revenue of $23.57 billion during the quarter, compared to the consensus estimate of $26.32 billion. Petrobras had a positive return on equity of 4.13% and a negative net margin of 0.10%. sell-side analysts predict that Petrobras will post 1.39 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: This news story was reported by Week Herald and is the property of of Week Herald. If you are reading this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright law. The legal version of this news story can be read at https://weekherald.com/2018/04/17/somewhat-positive-news-coverage-somewhat-unlikely-to-affect-petroleo-brasileiro-sa-petrobras-pbr-share-price.html.

About Petrobras

Petróleo Brasileiro SA – Petrobras operates in the oil, natural gas, and energy industries. The company's Exploration and Production segment engages in the exploration, development, and production of crude oil, natural gas liquids, and natural gas; and sale of surplus crude oil and oil products produced in the natural gas processing plants to the domestic and international markets.

Insider Buying and Selling by Quarter for Petrobras (NYSE:PBR)

Receive News & Ratings for Petrobras Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Petrobras and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply