Pre-market Mover : Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR)

Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) said it will carry out a new round of final offers for its Enchova and Pampo shallow water oil clusters off the coast of Rio de Janeiro. Petroleo Brasileiropriced a secondary share offering on Tuesday at 30.25 reais per common share.

Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) shares slumped -3.68% to finally closed at $15.98 in last active session. 

PBR’s distance from 20 day simple moving average is 4.42% and distance from 50-Day simple moving average is 6.73%.

Analyst’s mean target price for PBR is $18.86 while analysts mean recommendation is 2.30. Stock value has moved between $9.18 – 17.76 in last one year. Stock has got OUTPERFORM rating from 4 of Thomson Reuters analysts, 3 given HOLD rating to the stock and 0 given UNDERPERFORM rating. Analyst’s mean target price for PBR is $18.86 while analysts mean recommendation is 2.30. 

Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) yearly performance is 71.45% and net profit margin is 6.40%. Annual EPS Growth of past 5 years is 18.40%. The current share price indicates that stock is -10.40% away from its one year high and is moving 73.59% ahead of its 52-week low. 

READ  Overstock.com, Inc. (NASDAQ:OSTK) Slumped 11.16% Monday’s Premarket

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