Revenue Update on Petroleo Brasileiro SA Petrobras (ADR)(NYSE:PBR)

Petroleo Brasileiro SA Petrobras (ADR)(NYSE:PBR) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Mar 21, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $21.403B. Analysts estimated a revenue of $22.630B. The revenues were -5.42% below the estimates. Earnings per share were $0.06. The reported EPS was below estimates by -45.45%. Analysts had estimated an EPS of $0.11.

In a different note, On Feb 13, 2017, JP Morgan said it Upgrades its rating on Petroleo Brasileiro SA Petrobras (ADR). The shares have been rated ‘Overweight’ by the firm.

Petroleo Brasileiro SA Petrobras (ADR) (PBR) made into the market gainers list on Fridays trading session with the shares advancing 0.11% or 0.01 points. Due to strong positive momentum, the stock ended at $9.06, which is also near the day’s high of $9.17. The stock began the session at $9.11 and the volume stood at 2,53,62,756 shares. The 52-week high of the shares is $12.555 and the 52 week low is $4.98. The company has a current market capitalization of $59,092 M and it has 6,52,22,48,500 shares in outstanding.

Petroleo Brasileiro SA Petrobras is a Brazil-based integrated energy company. The Company operates in the Exploration and Production (E&P); Refining Transportation and Marketing (RTM); Gas and Power; Biofuels; Distribution and International segments. E&P includes exploration development and production of crude oil natural gas liquid and natural gas in Brazil. RTM covers the refining logistics transport and trading of crude oil and oil products activities export of ethanol extraction and processing of shale and interests in petrochemical companies in Brazil. The Gas and Power segment includes transportation and trading of natural gas produced in Brazil among other activities. Biofuels segment covers the activities of production of biodiesel and its co-products as well as the ethanol-related activities. The Distribution segment includes its retail network and wholesale channels. The International segment includes its activities in the Americas Africa Europe and Asia.

Add Comment