Petrobras, Brazil dispute transfer of rights worth $30 billion


Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) shares traded 4.1% up during most recent session to reach at the closing price of $8.89. The stock exchanged hands 21.52 Million shares versus average trading capacity of 19.13 Million shares, yielding a market cap of $55.31 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $10.84 within the next 52-weeks. The mean target projections are based on 14 opinions.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) high price target of $14 and with a conservative view have low price target of $5.5.

JP Morgan “Upgrades” Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) in a research note issued to investors on 2/13/17 to Overweight with price target of $0.

Additionally on 11/17/16 Tudor Pickering “Downgrades” Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) to Hold setting price target at $0 and on 10/17/16 HSBC “Downgrades” the stock to Hold. Furthermore on 10/10/16 Barclays “Maintained” the stock to Underweight at $.

On the other hand the company has Relative Strength Index (RSI 14) of 60.49 along with Average True Range (ATR 14) of 0.21, Consequently Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR)’s weekly and monthly volatility is 2.49%, 2.31% respectively. The company’s beta value is at 2.46.

In terms of Buy, Sell or Hold recommendations, Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) has analysts’ mean recommendation of 2.6. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

According to analysts Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR)’s minimum EPS for the current quarter is at $0.02 and can go high up to $0.29. The consensus mean EPS for the current quarter is at $0.14 derived from a total of 8 estimates from the analysts who have weighed in on projected earnings. However the company reported $-0.05 earnings per share for the same quarter during last year.

Previously Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.1 by $-0.08. The company posted an earnings surprise of -80%.

While considering growth estimates of the company, it has next quarter growth estimates of -35.7% whereas during current quarter it has 380% estimations over growth, comparing to the estimations of 181% during current year and 25.4% for next year. Past 5 years growth of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) observed at -28.81%, looking forward for the next 5 years it has a strong prediction of -19.6% over growth.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR)’s revenue estimates for the current quarter are $22.47 Billion according to 3 number of analysts, for the current quarter the company has high revenue estimates of $24.91 Billion in contradiction of low revenue estimates of $19.6 Billion. For the current year the company’s revenue estimates are $88.93 Billion compared to low analyst estimates of $80.76 Billion and high estimates of $95.51 Billion according to 9 number of analysts.

Currently Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR)’s shares owned by insiders are 39.8%, whereas shares owned by institutional owners are 10.7%. However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded 0.03%.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) 52-week high price stands at $12.56 and low price stands at $7.61, its price distance from 52-week high is -29.19% while its distance from 52-week low price is 16.82%. The stock hit its 52-week high on 10/24/16, and 52-week low on 06/21/17.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR)’s trailing twelve month revenues are $87.05 Billion, whereas its price to sales ratio for the same period is 0.64. Its book value per share for the most recent quarter is $12.49 while its price to book ratio for the same period is 0.71, as for as the company’s cash per share for the most recent quarter is $4.12, however its price to cash per share ratio for the same period is 2.16. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.