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Petroleo Brasileiro SA (NYSE:PBR) was the recipient of unusually large options trading on Wednesday. Stock traders purchased 26,540 put options on the company, American Banking News reports. This is an increase of approximately 247% compared to the typical daily volume of 7,645 put 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 on Tuesday, April 8th. They now have a $15.20 price target on the stock. Separately, analysts at BMO Capital Markets initiated coverage on shares of Petroleo Brasileiro SA in a research note on Thursday, April 3rd. They set a “market perform” rating on the stock. Finally, analysts at Credit Suisse upgraded shares of Petroleo Brasileiro SA from an “underperform” rating to a “neutral” rating in a research note on Wednesday, March 12th. They now have a $14.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Petroleo Brasileiro SA currently has a consensus rating of “Hold” and a consensus price target of $15.68.

Petroleo Brasileiro SA (NYSE:PBR) traded up 1.70% during mid-day trading on Wednesday, hitting $14.98. 19,671,892 shares of the company’s stock traded hands. Petroleo Brasileiro SA has a 52-week low of $10.20 and a 52-week high of $19.12. The stock’s 50-day moving average is $14.26 and its 200-day moving average is $13.37. The company has a market cap of $97.703 billion and a price-to-earnings ratio of 10.83.

Petroleo Brasileiro SA (NYSE:PBR) last released its earnings data on Tuesday, May 13th. The company reported $0.34 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.42 by $0.08. Analysts expect that Petroleo Brasileiro SA will post $1.77 EPS for the current fiscal year.

Petroleo Brasileiro SA (NYSE:PBR) is an integrated oil and gas company.

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