$0.25 EPS Expected for Petróleo Brasileiro S.A. – Petrobras (PBR)

July 14, 2018 - By Michele Cranor

Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) Logo

Analysts expect Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) to report $0.25 EPS on August, 9.They anticipate $0.17 EPS change or 212.50 % from last quarter’s $0.08 EPS. PBR’s profit would be $1.56B giving it 10.69 P/E if the $0.25 EPS is correct. After having $0.32 EPS previously, Petróleo Brasileiro S.A. – Petrobras’s analysts see -21.88 % EPS growth. The stock increased 0.56% or $0.06 during the last trading session, reaching $10.69. About 11.33 million shares traded. Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) has risen 42.10% since July 14, 2017 and is uptrending. It has outperformed by 29.53% the S&P500.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Ratings Coverage

Among 7 analysts covering Petroleo Brasileiro SA- Petrobras (NYSE:PBR), 0 have Buy rating, 0 Sell and 7 Hold. Therefore 0 are positive. Petroleo Brasileiro SA- Petrobras had 10 analyst reports since January 18, 2018 according to SRatingsIntel. The firm has “Market Perform” rating by Raymond James given on Monday, June 11. The stock of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) has “Buy” rating given on Thursday, May 10 by Bank of America. The rating was downgraded by Credit Suisse on Thursday, January 18 to “Hold”. On Friday, June 1 the stock rating was downgraded by J.P. Morgan to “Hold”. The stock has “Sell” rating by Raymond James on Monday, April 23. The rating was downgraded by UBS on Friday, June 8 to “Hold”. Bank of America downgraded it to “Hold” rating and $3000 target in Thursday, May 24 report. Credit Suisse downgraded the shares of PBR in report on Thursday, May 24 to “Hold” rating. The firm has “Equal-Weight” rating given on Thursday, May 24 by Morgan Stanley. The rating was downgraded by Societe Generale on Monday, June 4 to “Hold”.

Petróleo Brasileiro S.A. – Petrobras operates in the oil, natural gas, and energy industries. The company has market cap of $66.79 billion. The company's Exploration and Production segment engages in the exploration, development, and production of crude oil, natural gas liquids, and natural gas; and sale of surplus crude oil and oil products produced in the natural gas processing plants to the domestic and international markets. It currently has negative earnings. The Company’s Refining, Transportation and Marketing segment is involved in refining, logistics, transport, and trading of crude oil and oil products; exportation of ethanol; and extraction and processing of shale, as well as holding interests in petrochemical companies.

More notable recent Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) news were published by: 247Wallst.com which released: “Rising Oil Prices Intimidate Short Sellers” on July 12, 2018, also Seekingalpha.com with their article: “Report: Petrobras nears $1.3B sale of African venture stake” published on July 10, 2018, Livetradingnews.com published: “Wall Street’s Top Analysts Upgrades, Downgrades & Initiations” on July 12, 2018. More interesting news about Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) were released by: Seekingalpha.com and their article: “The P/E Ratio For The Brazilian Index IBrX 50” published on July 10, 2018 as well as Streetinsider.com‘s news article titled: “Barclays Double Upgrades Petrobras (PBR) to Overweight” with publication date: July 11, 2018.

Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) Ratings Chart

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