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  • Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) stake sale rises $1.9 billion for Brazil’s Caixa

Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) stake sale rises $1.9 billion for Brazil’s Caixa

By on June 27, 2019 0

Caixa Economica Federal raised about 7.3 billion reais ($1.9 billion) by selling a stake in oil and gas giant Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR), as Brazil’s biggest state-owned lender works to help the government reduce its debt. Caixa on Tuesday sold about 241.3 million shares at 30.25 reais apiece, Petrobras said Wednesday in a filing.

Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) shares tanked -0.75% to finally closed at $15.86 in last active session. 

PBR’s distance from 20 day simple moving average is 3.07% and distance from 50-Day simple moving average is 5.77%.

Analyst’s mean target price for PBR is $18.86 while analysts mean recommendation is 2.30. Stock value has moved between $9.33 – 17.82 in last one year. Stock has got OUTPERFORM rating from 4 of Thomson Reuters analysts, 3 given HOLD rating to the stock and 0 given UNDERPERFORM rating. Analyst’s mean target price for PBR is $18.86 while analysts mean recommendation is 2.30. 

Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) yearly performance is 67.32% and net profit margin is 6.40%. Annual EPS Growth of past 5 years is 18.40%. The current share price indicates that stock is -11.08% away from its one year high and is moving 69.53% ahead of its 52-week low. 

On 26 June 2018, Newmont Goldcorp Corporation (NYSE:NEM) shares climbs 0.87% and ultimately finalized to $38.27 in last traded day. Stock has got OUTPERFORM rating from 6 of Thomson Reuters analysts, 3 given HOLD rating to the stock and 2 given UNDERPERFORM rating. Analyst’s mean target price for NEM is $40.99 while analysts mean recommendation is 2.10. 

At the movement Teekay LNG Partners L.P. (NYSE:TGP) is under coverage by number of analysts. Buy rating has been given by 3 analysts to the company stock whereas 0 given UNDERPERFORM rating to stock and 2 given HOLD rating. The consensus recommendation by Thomson Reuters analysts is outperform and their mean rating for the stock is 1.83 on scale of 1-5. Analysts mean target price for Teekay LNG Partners L.P. (NYSE:TGP) is $17.50 while their mean recommendation is 1.90 (1=Buy, 5=sell). 

If we look at stock performance in last active day trading, we see that stock has moved climbs 1.63% to end the day at $13.70. The current share price indicate that stock is -21.71% away from its one year high and is moving 27.56% ahead of its 52-week low. 

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