Equities analysts expect that Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) will announce $23.20 billion in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Petroleo Brasileiro S.A.- Petrobras’ earnings. The highest sales estimate is $24.91 billion and the lowest is $21.49 billion. Petroleo Brasileiro S.A.- Petrobras reported sales of $21.69 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 7%. The company is expected to announce its next quarterly earnings results on Thursday, November 9th.

On average, analysts expect that Petroleo Brasileiro S.A.- Petrobras will report full-year sales of $23.20 billion for the current financial year, with estimates ranging from $80.76 billion to $95.51 billion. For the next year, analysts anticipate that the business will post sales of $91.34 billion per share, with estimates ranging from $67.05 billion to $122.22 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Petroleo Brasileiro S.A.- Petrobras.

Several equities analysts have commented on the stock. Credit Suisse Group reissued a “buy” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research report on Friday, September 15th. ValuEngine upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “sell” rating to a “hold” rating in a research note on Thursday, August 24th. Deutsche Bank AG upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Zacks Investment Research cut shares of Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company’s stock. Petroleo Brasileiro S.A.- Petrobras has a consensus rating of “Hold” and a consensus price target of $10.69.

Petroleo Brasileiro S.A.- Petrobras (PBR) opened at 10.33 on Tuesday. Petroleo Brasileiro S.A.- Petrobras has a one year low of $7.61 and a one year high of $12.56. The firm’s market cap is $67.37 billion. The company has a 50-day moving average price of $9.21 and a 200-day moving average price of $8.98.

A number of institutional investors and hedge funds have recently made changes to their positions in PBR. Baillie Gifford & Co. boosted its holdings in Petroleo Brasileiro S.A.- Petrobras by 29.6% in the 1st quarter. Baillie Gifford & Co. now owns 16,068,940 shares of the oil and gas exploration company’s stock valued at $155,708,000 after purchasing an additional 3,674,430 shares during the period. Axiom International Investors LLC DE lifted its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 1.9% during the 1st quarter. Axiom International Investors LLC DE now owns 7,308,455 shares of the oil and gas exploration company’s stock worth $70,819,000 after acquiring an additional 134,165 shares during the period. Janus Capital Management LLC lifted its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 2.3% during the 1st quarter. Janus Capital Management LLC now owns 5,828,059 shares of the oil and gas exploration company’s stock worth $56,474,000 after acquiring an additional 129,966 shares during the period. Janus Henderson Group PLC bought a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the 2nd quarter worth approximately $44,588,000. Finally, Capital International Investors lifted its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 0.4% during the 2nd quarter. Capital International Investors now owns 4,208,705 shares of the oil and gas exploration company’s stock worth $33,628,000 after acquiring an additional 15,258 shares during the period. Institutional investors and hedge funds own 5.70% of the company’s stock.

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