Petroleo Brasileiro S.A.- Petro found using ticker (PBR) now have 13 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 16 and 11.6 calculating the average target price we see 14.08. Given that the stocks previous close was at 14.19 this indicates there is a potential downside of -.8%. The day 50 moving average is 13.61 and the 200 moving average now moves to 11.46. The market capitalisation for the company is $94,310m. Company Website: https://petrobras.com.br/pt
The potential market cap would be $93,578m based on the market concensus.
Petróleo Brasileiro S.A. – Petrobras produce and sells oil and gas in Brazil and internationally. It engages in prospecting, drilling, refining, processing, trading, and transporting crude oil from producing onshore and offshore oil fields, and shale or other rocks, as well as oil products, natural gas, and other liquid hydrocarbons. The company operates through Exploration and Production; Refining, Transportation and Marketing; Gas and Power; and Corporate and Other Businesses segments. The Exploration and Production segment explores for, develops, and produces crude oil, natural gas liquids, and natural gas primarily for supplies to the its domestic refineries. The Refining, Transportation and Marketing segment engages in the refining, logistics, transport, marketing, and trading of crude oil and oil products; exportation of ethanol; and extraction and processing of shale, as well as holding interests in petrochemical companies. The Gas and Power segment engages in the logistic and trading of natural gas and electricity; generation of electricity through thermoelectric power plants; holding interests in transportation and distribution of natural gas; and fertilizer production business. The Corporate and Other Businesses segment produces biodiesel and its co-products, and ethanol; and distributes oil products. Petróleo Brasileiro S.A. – Petrobras was founded in 1953 and is headquartered in Rio de Janeiro, Brazil.
