Petroleo Brasileiro SA Target of Unusually High Options Trading (PBR)
Shares of Petroleo Brasileiro SA (NYSE:PBR) saw some unusual options trading activity on Friday. Traders bought 17,856 put options on the company, AmericanBankingNews.com reports. This is an increase of 129% compared to the typical daily volume of 7,809 put options.
A number of analysts have recently weighed in on PBR shares. Analysts at Zacks reiterated a “neutral” rating on shares of Petroleo Brasileiro SA in a research note to investors on Friday. They now have a $13.00 price target on the stock. Finally, analysts at Citigroup Inc. downgraded shares of Petroleo Brasileiro SA from a “buy” rating to a “neutral” rating in a research note to investors on Monday, December 2nd. They now have a $14.00 price target on the stock, down previously from $25.00. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $17.13.
Shares of Petroleo Brasileiro SA (NYSE:PBR) traded down 0.48% on Friday, hitting $12.48. The stock had a trading volume of 15,576,666 shares. Petroleo Brasileiro SA has a 52-week low of $12.03 and a 52-week high of $20.19. The stock has a 50-day moving average of $13.4 and a 200-day moving average of $14.71. The company has a market cap of $81.398 billion and a P/E ratio of 6.65.
Petroleo Brasileiro SA (NYSE:PBR) is an integrated oil and gas company.
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