Petroleo Brasileiro Petrobras SA Rating Lowered to Equal Weight at Barclays (PBR)

However, much is yet to be achieved considering the firm’s scale of operations and investment base.

Petrobras also announced it will decrease its capital spending and restrict project expenses, which is highly attributed to the weak crude oil price environment.

In conjunction with Southwestern Energy Company’s 2015 Third Quarter earnings release, you are invited to listen to its conference call that will be broadcast live over the Internet on Friday, October 23, 2015, at 10:00 a.m. EDT with Steve Mueller, Chairman and Chief Executive Officer of Southwestern Energy Company.

10/13/2015 – Petroleo Brasileiro Petrobras SA was upgraded by analysts at Zacks from a “hold” rating to a “buy” rating. Analyst recommendation for this stock stands at 3.00. The company offers DRAM products for data storage and retrieval, including DDR4, DDR3, and DDR2 that offer high speed and high bandwidth; reduced latency DRAM products that offer lower power consumption relative to other DRAM products; and other DRAM products to specialty markets, such as DDR2 DRAM, DDR DRAM, GDDR5 DRAM, SDRAM, reduced latency DRAM, and pseudo-static DRAM products that are used in networking devices, servers, consumer electronics, communications equipment, computer peripherals, and automotive and industrial applications, as well as computer memory upgrades. Zacks cut shares of Petroleo Brasileiro Petrobras SA from a buy rating to a hold rating in a research note on Monday, June 29th. The stock price is going up to its 52 week low with 25.11% and lower from its 52 week high with -25.96 %.

Shares of Petroleo Brasileiro SA – Petrobras (ADR) (NYSE:PBR), declined -7.38% to $5.02, during its last trading session. The Brokerage Firm has Lowered the Price Target of the company shares to $6.50 from a previous price target of $11.

10/8/2015 – Petroleo Brasileiro Petrobras SA was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. Third quarter 2015 revenue totaled $5.6 billion, down approximately 11 percent year-over-year. Barclays’ target price would suggest a potential upside of 29.22% from the company’s current price. Furthermore, over the last three months, the stock has lost -44.97% and in the past six months, the shares have fell -41.14%. The shares have now been rated Underperform by the stock experts at the ratings house. Finally, Morgan Stanley reissued a “sell” rating on shares of Petroleo Brasileiro Petrobras SA in a research report on Tuesday, June 30th. They now have a “hold” rating on the stock. The stock presently has a consensus rating of Hold and a consensus price target of $7.51. Petroleo Brasileiro S.A. – Petrobras (PBR-A) has a weekly performance of – 3.880%. The market cap of the company stands at $18,718 million and there are 3,721,227,000 shares in public circulation. The firm has a 50-day moving average of $4.88 and a 200-day moving average of $7.34. On average, equities analysts forecast that Petroleo Brasileiro Petrobras SA will post $0.62 EPS for the current fiscal year.

Petróleo Brasileiro S.A. Petrobras operates as an integrated energy company in Brazil and internationally. The company operates in four segments: Exploration and Production, Supply, Gas and Energy, and Distribution. E&P comprises exploration, production and development of crude oil liquid and natural, natural gas in Brazil. Biofuels section covers the tasks of generation of biodiesel and its co-products, in addition to the ethanol-associated tasks. The Distribution segment includes wholesale channels and its retail network. The worldwide segment includes its actions in the Americas, Europe Africa and Asia.