ValuEngine Downgrades Petrobras Argentina (PZE) to Buy
Petrobras Argentina (NYSE:PZE) was downgraded by investment analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a research note issued on Friday.
Separately, BidaskClub upgraded shares of Petrobras Argentina from a “hold” rating to a “buy” rating in a report on Saturday, August 19th.
Shares of Petrobras Argentina (NYSE:PZE) traded down $0.27 during midday trading on Friday, reaching $12.80. 80,505 shares of the company traded hands, compared to its average volume of 40,993. Petrobras Argentina has a fifty-two week low of $4.69 and a fifty-two week high of $13.91.
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About Petrobras Argentina
Petrobras Argentina SA, formerly Petrobras Energia SA, is an Argentina-based company primarily engaged in the petroleum refining sector. The Company’s activities are structured in four business segments: Oil and Gas Exploration and Production, including the acquisition, exploration, exploitation and maintenance of oil and gas reserves; Refining and Distribution, processing and marketing of petroleum products; Petrochemicals, comprising the production of styrene, polystyrene, bi-oriented polystyrene (BOPS) and synthetic rubber; as well as Gas and Energy, providing gas distribution, as well as fossil fuel and hydroelectric power energy generation.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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