Petroleo Brasileiro SA (NYSE:PBR) saw unusually large options trading on Thursday. Stock investors bought 34,242 call options on the company, Analyst Ratings Network reports. This represents an increase of approximately 155% compared to the average volume of 13,417 call options.
A number of research firms have recently commented on PBR. Analysts at TheStreet reiterated a “hold” rating on shares of Petroleo Brasileiro SA in a research note to investors on Tuesday, July 9th. Separately, analysts at Zacks downgraded shares of Petroleo Brasileiro SA from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, June 25th. They now have a $13.60 price target on the stock. Finally, analysts at Wells Fargo & Co. upgraded shares of Petroleo Brasileiro SA from a “market perform” rating to an “outperform” rating in a research note to investors on Monday, June 17th.
One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. Petroleo Brasileiro SA has a consensus rating of “Hold” and a consensus price target of $22.53.
Shares of Petroleo Brasileiro SA (NYSE:PBR) traded up 5.37% during mid-day trading on Thursday, hitting $14.71. The stock had a trading volume of 30,063,920 shares. Petroleo Brasileiro SA has a 52-week low of $12.03 and a 52-week high of $24.83. The stock has a 50-day moving average of $13.61 and a 200-day moving average of $16.12. The company has a market cap of $95.942 billion and a P/E ratio of 9.43.
Petroleo Brasileiro SA (NYSE:PBR) is an integrated oil and gas company.
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