Equities research analysts expect PETROLEO BRASIL/ADR (NYSE:PBR) to post sales of $10.60 billion for the current quarter, according to Zacks. Two analysts have issued estimates for PETROLEO BRASIL/ADR’s earnings, with estimates ranging from $10.50 billion to $10.71 billion. PETROLEO BRASIL/ADR reported sales of $18.50 billion in the same quarter last year, which indicates a negative year over year growth rate of 42.7%. The business is expected to announce its next earnings results on Monday, August 3rd.

On average, analysts expect that PETROLEO BRASIL/ADR will report full year sales of $52.64 billion for the current year, with estimates ranging from $50.50 billion to $55.51 billion. For the next year, analysts forecast that the business will post sales of $59.01 billion, with estimates ranging from $53.95 billion to $61.55 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for PETROLEO BRASIL/ADR.

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

Several analysts have issued reports on PBR shares. Bank of America lowered PETROLEO BRASIL/ADR from a “buy” rating to a “neutral” rating and cut their price target for the company from $10.00 to $7.50 in a report on Thursday, May 14th. Scotiabank raised PETROLEO BRASIL/ADR from a “sector perform” rating to an “outperform” rating in a report on Wednesday, April 29th. Raymond James lowered PETROLEO BRASIL/ADR from a “market perform” rating to an “underperform” rating in a report on Monday, May 18th. ValuEngine raised PETROLEO BRASIL/ADR from a “sell” rating to a “hold” rating in a report on Sunday, March 15th. Finally, TheStreet downgraded PETROLEO BRASIL/ADR from a “c” rating to a “d” rating in a research report on Wednesday, June 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $15.25.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Verus Capital Partners LLC purchased a new stake in shares of PETROLEO BRASIL/ADR during the 4th quarter valued at $36,000. Harbor Investment Advisory LLC lifted its holdings in shares of PETROLEO BRASIL/ADR by 60,262.5% during the 1st quarter. Harbor Investment Advisory LLC now owns 4,829 shares of the oil and gas exploration company’s stock valued at $27,000 after purchasing an additional 4,821 shares during the last quarter. Toronto Dominion Bank purchased a new stake in shares of PETROLEO BRASIL/ADR during the 4th quarter valued at $94,000. Telemetry Investments L.L.C. purchased a new stake in shares of PETROLEO BRASIL/ADR during the 1st quarter valued at $66,000. Finally, Fox Run Management L.L.C. purchased a new stake in shares of PETROLEO BRASIL/ADR during the 1st quarter valued at $70,000. 9.30% of the stock is currently owned by hedge funds and other institutional investors.

About PETROLEO BRASIL/ADR

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.

Read More: What is the Current Ratio?

Get a free copy of the Zacks research report on PETROLEO BRASIL/ADR (PBR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for PETROLEO BRASIL/ADR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PETROLEO BRASIL/ADR and related companies with MarketBeat.com's FREE daily email newsletter.