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.

A number of institutional investors and hedge funds have recently bought and sold shares of PZE. Fiera Capital Corp acquired a new stake in Petrobras Argentina in the second quarter worth $14,039,000. Bluefin Trading LLC raised its holdings in Petrobras Argentina by 32.4% in the second quarter. Bluefin Trading LLC now owns 1,732,210 shares of the oil and gas company’s stock worth $20,804,000 after purchasing an additional 424,326 shares during the period. Cowen Inc. raised its holdings in Petrobras Argentina by 124.3% in the second quarter. Cowen Inc. now owns 365,005 shares of the oil and gas company’s stock worth $4,384,000 after purchasing an additional 202,274 shares during the period. FNY Partners Fund LP raised its holdings in Petrobras Argentina by 1,413.9% in the third quarter. FNY Partners Fund LP now owns 15,139 shares of the oil and gas company’s stock worth $191,000 after purchasing an additional 14,139 shares during the period. Finally, Private Advisory Group LLC raised its holdings in Petrobras Argentina by 23.3% in the second quarter. Private Advisory Group LLC now owns 28,388 shares of the oil and gas company’s stock worth $341,000 after purchasing an additional 5,372 shares during the period. Institutional investors own 3.63% of the company’s stock.

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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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