Stock Traders Purchase High Volume of Petroleo Brasileiro SA Put Options (PBR)
Petroleo Brasileiro SA (NYSE:PBR) was the recipient of some unusual options trading activity on Thursday. Stock traders bought 16,411 put options on the stock, StockRatingsNetwork.com reports. This is an increase of 109% compared to the typical daily volume of 7,843 put options.
Several analysts have recently commented on the stock. 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 research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $15.68.
Shares of Petroleo Brasileiro SA (NYSE:PBR) traded down 0.07% during mid-day trading on Thursday, hitting $13.71. The stock had a trading volume of 11,807,705 shares. Petroleo Brasileiro SA has a 52-week low of $10.20 and a 52-week high of $17.97. The stock’s 50-day moving average is $14.51 and its 200-day moving average is $13.20. The company has a market cap of $89.420 billion and a P/E ratio of 9.38.
Petroleo Brasileiro SA (NYSE:PBR) last announced its earnings results on Tuesday, May 13th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by $0.08. On average, analysts predict that Petroleo Brasileiro SA will post $1.85 earnings per share for the current fiscal year.
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.