Petróleo Brasileiro S.A. – Petrobras (PBR) Expected to Announce Quarterly Earnings on Friday

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) is anticipated to post its quarterly earnings results before the market opens on Friday, March 14th. Analysts expect Petróleo Brasileiro S.A. – Petrobras to post earnings of $0.37 per share and revenue of $126.02 billion for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Petróleo Brasileiro S.A. – Petrobras Stock Up 0.3 %

PBR opened at $12.65 on Thursday. Petróleo Brasileiro S.A. – Petrobras has a fifty-two week low of $12.45 and a fifty-two week high of $17.44. The firm has a market capitalization of $81.49 billion, a P/E ratio of 4.94, a PEG ratio of 0.18 and a beta of 1.39. The company’s 50-day moving average is $13.73 and its 200 day moving average is $14.03. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.94 and a quick ratio of 0.71.

Analysts Set New Price Targets

Several research firms have recently issued reports on PBR. StockNews.com lowered Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a report on Monday, March 3rd. HSBC upgraded Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research note on Wednesday, March 5th. Finally, Hsbc Global Res upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $17.81.

About Petróleo Brasileiro S.A. – Petrobras

Petróleo Brasileiro SA – Petrobras explores, produces, and sells oil and gas in Brazil and internationally. The company operates through three segments: Exploration and Production; Refining, Transportation and Marketing; and Gas and Power. The Exploration and Production segment explores, develops, and produces crude oil, natural gas liquids, and natural gas primarily for supplies to the domestic refineries.