Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) said it will carry out a new round of final offers for its Enchova and Pampo shallow water oil clusters off the coast of Rio de Janeiro. Petroleo Brasileiropriced a secondary share offering on Tuesday at 30.25 reais per common share.
Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) shares slumped -3.68% to finally closed at $15.98 in last active session.
PBR’s distance from 20 day simple moving average is 4.42% and distance from 50-Day simple moving average is 6.73%.
Analyst’s mean target price for PBR is $18.86 while analysts mean recommendation is 2.30. Stock value has moved between $9.18 – 17.76 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 71.45% 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 -10.40% away from its one year high and is moving 73.59% ahead of its 52-week low.