In the latest earnings report the EPS was $-0.43 with 5.60B shares now outstanding. According to the Analysts, the Low Earnings estimate for the current quarter is $0.01, while the High earnings estimate is $0.42.Comparatively, EPS for the same quarter previous year was $0.18. Van ECK Associates Corp now owns 18,684 shares of the company's stock worth $149,000 after buying an additional 1,947 shares in the last quarter. Over the past twelve months, Petroleo Brasileiro S.A. - Petrobras (NYSE:PBR)'s stock was 5.93%.
PBR has been the topic of several recent analyst reports. Deutsche Bank AG upgraded shares of Petroleo Brasileiro S.A. - Petrobras from a "sell" rating to a "hold" rating in a report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of "Hold" and a consensus price target of C$10.47.
In other Petroleo Brasileiro S.A. - Petrobras news, Director Christopher Geoffrey Hampson sold 250,000 shares of the business's stock in a transaction that occurred on Wednesday, September 27th. Overall, the share price is down -1.23% year to date.
A number of other large investors also recently made changes to their positions in PBR. The shares price has positioned 26.45% up over the past quarter while it has directed 2.88% toward a rising position throughout past six months.
Brazilian state-run oil company Petróleo Brasileiro SA, or Petrobras, eked out a slim profit in the third quarter amid higher oil prices, though high interest expenses weighed on its bottom line. Airain ltd acquired a new stake in shares of Petroleo Brasileiro S.A. - Petrobras in the 2nd quarter worth approximately $4,094,000. AGF Investments Inc. boosted its stake in Petroleo Brasileiro S.A. - Petrobras by 1.4% during the second quarter. Clarivest Asset Management LLC bolstered its ownership by buying 38,300 shares an increase of 4.3% as of 09/30/2017. The firm's market cap is $71.29 billion.
ILLEGAL ACTIVITY WARNING: This article was first posted by Week Herald and is owned by of Week Herald. If you are reading this story on another site, it was copied illegally and reposted in violation of US & worldwide trademark and copyright law. The analysts estimated mean EPS at 0.31 while the high and low EPS estimate stand at 0.46 and 0.05 respectively.
Petroleo Brasileiro S.A. - Petrobras (PBR) ended its previous trading session at $10.71 with the Loss of -1.2%. 10,670,000 shares of the company were exchanged, compared to its average volume of 14,669,837.
Ltd. reports that it lowered its investment in Petroleo Brasileiro S.A. - Petrobras by 6.4% in a 13F filing with the SEC. The most current P/E ratio is N/A and the market value is 68.79B.