Positive Press Coverage Somewhat Unlikely to Impact Petrobras (PBR) Stock Price

Media stories about Petrobras (NYSE:PBR) have trended positive recently, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Petrobras earned a news sentiment score of 0.27 on Accern’s scale. Accern also gave headlines about the oil and gas exploration company an impact score of 45.7262849576257 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

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

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PBR has been the subject of several recent analyst reports. Credit Suisse Group set a $12.00 price target on Petrobras and gave the company a “buy” rating in a research note on Monday, December 25th. Zacks Investment Research upgraded Petrobras from a “hold” rating to a “buy” rating and set a $12.00 price target for the company 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 upgraded Petrobras from a “sell” rating to a “neutral” rating in a research note on Thursday, February 1st. Finally, ValuEngine upgraded Petrobras from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. One 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 stock. Petrobras currently has a consensus rating of “Hold” and a consensus target price of $12.00.

NYSE:PBR traded down $0.08 during trading hours on Friday, hitting $14.30. 11,915,905 shares of the stock were exchanged, compared to its average volume of 13,129,407. Petrobras has a 52-week low of $7.61 and a 52-week high of $14.93. The company has a current ratio of 1.89, a quick ratio of 1.55 and a debt-to-equity ratio of 1.25. The firm has a market cap of $93,268.16, a P/E ratio of 20.43 and a beta of 2.42.

Petrobras (NYSE:PBR) last posted its quarterly earnings data on Thursday, March 15th. The oil and gas exploration company reported $0.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.02. Petrobras had a positive return on equity of 4.13% and a negative net margin of 0.10%. The company had revenue of $23.57 billion during the quarter, compared to analyst estimates of $26.32 billion. research analysts forecast that Petrobras will post 1.39 earnings per share for the current year.

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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.

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