Wall Street brokerages expect that PETROLEO BRASIL/ADR (NYSE:PBR) will report earnings per share (EPS) of ($0.18) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for PETROLEO BRASIL/ADR’s earnings. PETROLEO BRASIL/ADR reported earnings per share of $0.72 in the same quarter last year, which indicates a negative year over year growth rate of 125%. The company is expected to announce its next earnings results on Monday, August 3rd.

According to Zacks, analysts expect that PETROLEO BRASIL/ADR will report full-year earnings of ($0.30) per share for the current financial year, with EPS estimates ranging from ($0.52) to $0.00. For the next fiscal year, analysts expect that the business will post earnings of $0.19 per share, with EPS estimates ranging from ($0.37) to $0.63. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for PETROLEO BRASIL/ADR.

PETROLEO BRASIL/ADR (NYSE:PBR) last issued its earnings results on Thursday, May 14th. The oil and gas exploration company reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.01). PETROLEO BRASIL/ADR had a negative net margin of 0.85% and a positive return on equity of 10.33%. The business had revenue of $17.14 billion during the quarter, compared to analysts’ expectations of $14.35 billion.

PBR has been the topic of several analyst reports. Bradesco Corretora raised shares of PETROLEO BRASIL/ADR from a “neutral” rating to an “outperform” rating in a research note on Friday, May 8th. TheStreet downgraded shares of PETROLEO BRASIL/ADR from a “c” rating to a “d” rating in a research note on Wednesday, June 10th. Raymond James lowered shares of PETROLEO BRASIL/ADR from a “market perform” rating to an “underperform” rating in a report on Monday, May 18th. Bank of America lowered shares of PETROLEO BRASIL/ADR from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $10.00 to $7.50 in a report on Thursday, May 14th. Finally, ValuEngine raised shares of PETROLEO BRASIL/ADR from a “sell” rating to a “hold” rating in a report on Sunday, March 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $15.25.

Shares of PBR stock traded up $0.19 during mid-day trading on Monday, reaching $8.67. The company’s stock had a trading volume of 23,015,800 shares, compared to its average volume of 30,890,074. The company’s 50 day simple moving average is $8.10 and its 200-day simple moving average is $10.12. PETROLEO BRASIL/ADR has a 12-month low of $4.01 and a 12-month high of $16.95. The company has a quick ratio of 0.98, a current ratio of 1.21 and a debt-to-equity ratio of 1.72. The firm has a market capitalization of $57.43 billion, a PE ratio of 7.35 and a beta of 1.97.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Capital World Investors boosted its holdings in shares of PETROLEO BRASIL/ADR by 0.7% in the 1st quarter. Capital World Investors now owns 61,504,232 shares of the oil and gas exploration company’s stock valued at $338,255,000 after buying an additional 419,039 shares during the period. RWC Asset Advisors US LLC boosted its holdings in shares of PETROLEO BRASIL/ADR by 66.4% in the 1st quarter. RWC Asset Advisors US LLC now owns 15,748,484 shares of the oil and gas exploration company’s stock valued at $86,617,000 after buying an additional 6,286,193 shares during the period. Bamco Inc. NY boosted its holdings in shares of PETROLEO BRASIL/ADR by 0.7% in the 4th quarter. Bamco Inc. NY now owns 8,117,525 shares of the oil and gas exploration company’s stock valued at $129,393,000 after buying an additional 59,092 shares during the period. Deutsche Bank AG boosted its holdings in shares of PETROLEO BRASIL/ADR by 65.7% in the 1st quarter. Deutsche Bank AG now owns 6,686,002 shares of the oil and gas exploration company’s stock valued at $36,773,000 after buying an additional 2,651,537 shares during the period. Finally, Segantii Capital Management Ltd bought a new stake in PETROLEO BRASIL/ADR in the 1st quarter valued at about $28,048,000. 9.30% of the stock is owned by institutional investors and hedge funds.

PETROLEO BRASIL/ADR Company Profile

PetrĂ³leo Brasileiro SA – Petrobras operates in the oil, natural gas, and energy industries 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.

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