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Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) will leave natural gas distribution sector in Brazil

By on June 28, 2019 0

Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) will leave the natural gas distribution sector in Brazil, disposing of all of its assets in the area, Chief Executive Officer Roberto Castello Branco said on Thursday. The top executive of Petroleo Brasileiro SA, as the company is formally known, said he will comply with all the instructions from Brazil’s antitrust regulator CADE, as the government seeks to increase competition in the gas sector looking to lower prices.

Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR), a Basic Materials sector firm, traded 30.35 Million shares in last trading session with closing price of $15.54 per share. Company gross margin stands at 34.90% whereas its return on investment (ROI) is 7.90%. Stock value has moved between $9.59 – 17.86 in last one year. Analyst’s mean target price for Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) is $18.86 while analysts mean recommendation is 2.30. PBR EPS growth this year is -11.90%. 

On last trading day, Oasis Petroleum Inc. (NYSE:OAS) shares closed at $5.62 per share. OAS market capitalization is 1832.01 with beta of 2.05. Analyst’s mean target price for Oasis Petroleum Inc. (NYSE:OAS) is $8.65 whereas analysts mean recommendation is 2.40. Its weekly performance is -2.94% while year to date (YTD) performance is 1.63%. 

In last session MagnaChip Semiconductor Corporation (NYSE:MX) traded 310111 shares and was closed at $10.30. Analyst’s mean target price for MX is $12.00. Company is -21.13% away from its 52 week high and is moving 79.13% ahead of its 52 week low. MX Gross Margin is 23.70% and its return on assets is -7.00%. MagnaChip Semiconductor Corporation (NYSE:MX) quarterly performance is 38.81% while its price to sale ratio is 0.47. 

Donnelley Financial Solutions, Inc. (NYSE:DFIN), a Services sector firm, traded 103876 shares on last trading day with closing price of $13.17 per share. Company gross margin stands at 37.80% whereas its return on investment (ROI) is 15.60%. Stock value has moved between $11.86 – 21.59 in last one year. Analyst’s mean target price for Donnelley Financial Solutions, Inc. (NYSE:DFIN) is $20.88 while analysts mean recommendation is 2.60. DFIN EPS growth this year is 201.60%. 

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