Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) plunged -1.73% during previous trade, a total of 20.75M shares exchanged hands compared with its average trading volume of 24.50M shares whereas its relative volume is 1.00. The stock has a market capitalization of $59.97B along with 7.44B outstanding shares. Stock’s intraday price range hit the peak level of $9.38 and touched the lowest level of $9.06.
Most recently Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR)’s price target was revised on 4/15/17 and according to 15 analysts stock’s price will reach at $11.67 during 52 weeks with standard deviation of 1.88. Stock’s minimum price target estimates has been figured out at $5.10 while the maximum price target forecast is established at $14.50, if we look at the price target with an optimistic approach it has upside potential of 68% from its latest closing price of $9.11.
Historically, if we look at price target revisions, two weeks ago Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR)’s price target was revised on 4/05/17 by the analysts, however the bullish price estimates of the stock set at $14 while the bearish estimates kept at $9.70 over the next one year. Stock’s 52-week target was retained at $11.39, the estimates indicates a standard deviation of 1.88.
While taking an overview of recommendation trends, the stock currently has an average brokerage recommendation of 2.69. ABR value is precisely based on brokerage recommendations, where out of 8 brokerage recommendations 2 rate Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) stock a Strong Buy, 0 rate the stocks of the company a Buy, 5 rate Hold, 0 rate Sell and 1 recommend a Strong Sell. Most recently on 3/22/17 the stock of Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) upgraded by Credit Suisse from Neutral to Outperform. However previously on 9/21/16 it was upgraded by Raymond James from Underperform to Mkt Perform. A research note issued on 9/15/16 the stock was upgraded by Macquarie from Underperform to Neutral.
Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) performance over the past one year soared 26.18% whereas its year to date (YTD) performance indicated a bearish trend of -9.89%. During the last six months the stock climbed -26.59%. Quarterly performance of the company shows declining momentum of 16.96% while its last one month trend is negative with -0.55%. Stock’s weekly performance expressed up trend of 2.24%.
The company’s price sits -6.32% below from its 50-day moving average of $9.35 and -8.27% away from the stock’s 200-day moving average which is $10.37. Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR)’s shares are currently trading -27.47% away from the 52-week high price of $12.56 and +67.16% far from the 52-week low price of $5.45.
According to consensus agreement of 5 analysts Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) will report earnings per share of $0.11 in their quarterly report and it is expected to announce the company’s results on 5/11/17. For the current quarter the company has high EPS estimates of $0.13 in contradiction of low EPS estimates of $0.06. However a year ago for the same quarter the company has reported $-0.04 EPS. Current year EPS projections for Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR) set at $0.65 according to the sentiments of 10 analysts, while its lowest earnings estimates are $0.44 and highest earnings estimates are $1.3.
According to 3 analysts, Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR)’s revenue estimates for the current quarter are $26.63B meanwhile the company has high revenue estimates of $29.58B in contradiction of low revenue estimates of $21.29B. For the current year the company’s revenue estimates are $99.24B compared to low analyst estimates of $85.15B and high estimates of $139.19B according to the projection of 8 analysts.