Petroleo Brasileiro SA Sees Unusually High Options Volume (PBR)
Petroleo Brasileiro SA (NYSE:PBR) was the recipient of unusually large options trading activity on Thursday. Stock traders bought 67,814 call options on the company, American Banking & Market News reports. This is an increase of 272% compared to the typical volume of 18,208 call options.
A number of analysts have recently weighed in on PBR shares. Analysts at Zacks upgraded shares of Petroleo Brasileiro SA from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, August 27th. They now have a $15.80 price target on the stock. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Petroleo Brasileiro SA currently has an average rating of “Buy” and a consensus target price of $21.10.
Petroleo Brasileiro SA (NYSE:PBR) opened at 17.43 on Friday. Petroleo Brasileiro SA has a one year low of $12.03 and a one year high of $24.40. The stock has a 50-day moving average of $15.88 and a 200-day moving average of $15.64. The company has a market cap of $113.7 billion and a P/E ratio of 8.52.
Petroleo Brasileiro SA (NYSE:PBR) is an integrated oil and gas company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.