Petrobras Argentina (PZE) Falls: Stock Goes Down 6.5%
Petrobras Argentina SA (PZE) saw a big move last session, as the company’s shares fell by over 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This stock, trading at a volatile range of $6.33–$7.20 in the past one-month time frame, showed a sharp decline yesterday at $6.52.
The integrated energy company has seen a flat track record when it comes to current year estimate revisions over the past few weeks, and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
PZE currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the same sector include Sasol Ltd. (SSL), Statoil ASA (STO) and Exxon Mobil Corporation (XOM). All these stocks hold a Zacks Rank #2 (Buy).
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PETROBRAS ARGENTINA SA (PZE): Free Stock Analysis Report
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