Petróleo Brasileiro S.A. – Petrobras (PBR) Expected to Announce Quarterly Earnings on Friday

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) is projected to post its quarterly earnings results before the market opens on Friday, March 14th. Analysts expect Petróleo Brasileiro S.A. – Petrobras to post earnings of $0.37 per share and revenue of $126.02 billion for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

NYSE PBR opened at $12.65 on Thursday. The company’s 50 day simple moving average is $13.73 and its two-hundred day simple moving average is $14.03. The stock has a market capitalization of $81.49 billion, a PE ratio of 4.94, a P/E/G ratio of 0.18 and a beta of 1.39. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.94 and a quick ratio of 0.71. Petróleo Brasileiro S.A. – Petrobras has a 1 year low of $12.45 and a 1 year high of $17.44.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. StockNews.com lowered Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. HSBC upgraded Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Wednesday, March 5th. Finally, Hsbc Global Res upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $17.81.

About Petróleo Brasileiro S.A. – Petrobras

Petróleo Brasileiro SA – Petrobras explores, produces, and sells oil and gas in Brazil and internationally. The company operates through three segments: Exploration and Production; Refining, Transportation and Marketing; and Gas and Power. The Exploration and Production segment explores, develops, and produces crude oil, natural gas liquids, and natural gas primarily for supplies to the domestic refineries.