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

Lloyd Doyle
November 14, 2017

Clarivest Asset Management LLC controls 926,000 shares worth $8,945,000. Wells Fargo & Company/mn now holds 7,649 shares valued at $74,000. Finally, Newfoundland Capital Management raised its holdings in shares of Petroleo Brasileiro S.A. - Petrobras by 38.3% in the 2nd quarter. As of the end of the quarter Wells Fargo & Company/mn had sold 2,104 shares trimming its stake by 33.0%.

In other Petroleo Brasileiro S.A. - Petrobras news, Director Christopher Geoffrey Hampson sold 250,000 shares of the business's stock in a transaction that occurred on Wednesday, September 27th.

Shares of Petroleo Brasileiro S.A. - Petrobras (PBR) traded down C$0.13 during trading on Friday, hitting C$10.71. The most current P/E ratio is N/A and the market value is 68.79B.

Brazilian state-run oil company Petróleo Brasileiro SA, or Petrobras, eked out a slim profit in the third quarter amid higher oil prices, though high interest expenses weighed on its bottom line. If you are accessing this story on another domain, it was illegally copied and reposted in violation of United States and global copyright laws. The original version of this story can be viewed at

PBR has been the topic of several recent analyst reports.

Petroleo Brasileiro S.A. - Petrobras (NYSE:PBR.A) has earned an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports.

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%. Raymond James Financial, Inc. reissued a "market perform" rating on shares of Petroleo Brasileiro S.A. - Petrobras in a report on Wednesday, October 4th.

Barclays PLC raised the price target of the stock on October 10 boosting the projection from $8.00 to $10.00 and issued a "Equal Weight" 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.

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