- Associated Press•16 hours ago
On a per-share basis, the Rio De Janeiro-based company said it had net income of 12 cents. Earnings, adjusted for one-time gains and costs, were 21 cents per share. The results beat Wall Street expectations. ...
- Reuters•18 hours ago
Petróleo Brasileiro SA on Wednesday raised a goal for asset divestitures and partnerships for 2017 and 2018 to $21 billion from $19.5 billion, a sign Brazil's state-controlled oil company plans to expand ventures with peers in segments from refining to oil exploration. In a presentation detailing fourth-quarter results, Petrobras Chief Financial Officer Ivan Monteiro said a recent ruling by Brazil's auditing court TCU regarding the plan will speed up its execution, not slow it down. Petrobras agreed to the proposed changes.
- Barrons.com•19 hours ago
Shares of Brazil's Petroleo Brasileiro or Petrobras (PBR) could rise more than 20% according to Credit Suisse, which upgraded the shares to Wednesday after it reported earnings. Analysts Andre Natal and Regis Cardoso maintained their price target of $11 issued in September 2016. Petrobras shares are down 10% this year, and have tumbled 14% just in March.
PBR : Summary for Petroleo Brasileiro S.A.- Petro - Yahoo Finance
Petróleo Brasileiro S.A. - Petrobras (PBR)
NYSE - NYSE Delayed Price. Currency in USD
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|Bid||9.12 x 100|
|Ask||9.13 x 1500|
|Day's Range||8.84 - 9.19|
|52 Week Range||4.98 - 12.56|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||-3.45|
|Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|