Petroleo Brasileiro S.A.- Petrobras shares had a trading volume of 36,860K on Tuesday. Overall, volume was up 133.56% over the stocks normal daily volume.
Traders are a little more bullish on the company lately if you take into consideration the motion in short interest. The company recorded a fall in short interest of -8.80% as of the latest report on October 13, 2017. Short interest fell from 34,827,492 to 31,761,024 over that timeframe. Days to cover increased from 2.0 to 3.0 and the percentage of shorted shares is 0.00% as of October 13.
Here are a few substantial investment firms who have updated their positions. Edmond De Rothschild Holding S.a. downsized its holdings by shedding 2,900 shares a decrease of 53.7% in the quarter. Edmond De Rothschild Holding S.a. owns 2,500 shares valued at $25,000. The value of the position overall is down by 41.9%. Raymond James & Associates reduced its position by selling 4,747 shares a decrease of 10.4%. Raymond James & Associates now controls 41,088 shares worth $413,000. The total value of its holdings increased 12.8%.
Agf Investments Inc. augmented its stake by buying 1,727 shares an increase of 2.0% as of 09/30/2017. Agf Investments Inc. currently owns 88,747 shares with a value of $891,000. The total value of its holdings increased 28.2%. Thornburg Investment Management Inc bolstered its investment by buying 397,390 shares an increase of 24.5% from 06/30/2017 to 09/30/2017. Thornburg Investment Management Inc now holds 2,020,443 shares valued at $20,285,000. The total value of its holdings increased 56.4%.
On October 10 analysts at Barclays PLC released a research note on PBR stating a rating of “Sell” and setting a price target of $10.00.
On October 4, 2017 Raymond James Financial maintained a “Market Perform” rating on the company. On October 4 Barclays PLC left the stock rating at “Underweight” with a current price target of $8.00.
September 15 investment analysts at Credit Suisse Group kept a “Buy” rating on the company.
The company is up since yesterday’s close of 9.68. The company’s P/E ratio is 28.28 and market cap is 63.23B. As of the latest earnings report the EPS was $0.35 with 7.44B shares outstanding.
Petroleo Brasileiro S.A.-Petrobras (Petrobras), launched on October 3, 1953, operates on an integrated basis and specializes in the oil, natural gas and energy industry. The Company, through its subsidiaries, is involved 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. The Company operates in five segments: Exploration and Production (E&P); Refining, Transportation and Marketing (RT&M); Gas and Power; Biofuels; Distribution, and Corporate. The Company carries out energy related activities, such as research, development, production, transport, distribution and trading of various forms of energy, as well as other related or similar activities..