Wall Street analysts predict that Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) will announce $0.21 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Petroleo Brasileiro S.A.- Petrobras’ earnings. The lowest EPS estimate is $0.10 and the highest is $0.29. Petroleo Brasileiro S.A.- Petrobras reported earnings of $0.12 per share during the same quarter last year, which indicates a positive year over year growth rate of 75%. The firm is scheduled to report its next earnings report on Thursday, November 9th.

On average, analysts expect that Petroleo Brasileiro S.A.- Petrobras will report full-year earnings of $0.68 per share for the current financial year, with EPS estimates ranging from $0.51 to $0.96. For the next financial year, analysts forecast that the firm will report earnings of $0.81 per share, with EPS estimates ranging from $0.24 to $1.79. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Petroleo Brasileiro S.A.- Petrobras.

A number of equities analysts recently weighed in on PBR shares. Barclays PLC reiterated an “underweight” rating and issued a $8.00 price objective (down from $11.00) on shares of Petroleo Brasileiro S.A.- Petrobras in a research report on Wednesday, July 12th. BidaskClub lowered shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research report on Wednesday, October 4th. ValuEngine upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Zacks Investment Research lowered shares of Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $10.36.

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Several hedge funds and other institutional investors have recently modified their holdings of PBR. First Trust Advisors LP purchased a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the 1st quarter worth $157,000. M&T Bank Corp acquired a new position in shares of Petroleo Brasileiro S.A.- Petrobras during the 1st quarter worth $159,000. Oppenheimer & Co. Inc. acquired a new position in shares of Petroleo Brasileiro S.A.- Petrobras during the 1st quarter worth $110,000. Earnest Partners LLC raised its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 56.6% during the 1st quarter. Earnest Partners LLC now owns 1,135,882 shares of the oil and gas exploration company’s stock worth $11,007,000 after buying an additional 410,549 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 19.2% during the 1st quarter. AQR Capital Management LLC now owns 202,355 shares of the oil and gas exploration company’s stock worth $1,961,000 after buying an additional 32,544 shares during the last quarter. Institutional investors own 5.71% of the company’s stock.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) traded up 2.163% during trading on Friday, reaching $10.625. 3,090,755 shares of the company’s stock were exchanged. Petroleo Brasileiro S.A.- Petrobras has a 52 week low of $7.61 and a 52 week high of $12.56. The stock has a 50-day moving average price of $9.95 and a 200 day moving average price of $9.10. The firm’s market capitalization is $69.30 billion.

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