Petr (PBR) was a big mover last session, as the company saw its shares rise by roughly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend of the company as the stock has now gained over 38% since March 17.
This oil & gas drilling & exploration company has seen one positive and one negative estimate revision over the past 30 days and its Zacks Consensus Estimate has moved down over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.
Petr currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Some better-ranked stocks in the basic materials industry include AngloGold Ashanti Ltd. (AU), General Moly, Inc. (GMO) and Kraton Performance Polymers Inc. (KRA). All these stocks carry a Zacks Rank #1 (Strong Buy).
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PETROLEO BRASILEIRO SA PETROBRAS (PBR): Free Stock Analysis Report
ANGLOGOLD ASHANTI LTD (AU): Free Stock Analysis Report
GENERAL MOLY INC COM (GMO): Free Stock Analysis Report
KRATON PERFORMANCE POLYMERS INC (KRA): Free Stock Analysis Report
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