$0.15 EPS Expected for Petroleo Brasileiro S.A.- Petrobras (PBR) This Quarter

Wall Street brokerages expect that Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) will post earnings of $0.15 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Petroleo Brasileiro S.A.- Petrobras’ earnings. The highest EPS estimate is $0.28 and the lowest is $0.07. Petroleo Brasileiro S.A.- Petrobras reported earnings of $0.12 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 25%. The company is expected to announce its next earnings results on Thursday, November 9th.

On average, analysts expect that Petroleo Brasileiro S.A.- Petrobras will report full year earnings of $0.68 per share for the current fiscal year, with EPS estimates ranging from $0.50 to $0.95. For the next year, analysts expect that the company will post earnings of $0.98 per share, with EPS estimates ranging from $0.41 to $1.79. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that cover Petroleo Brasileiro S.A.- Petrobras.

PBR has been the subject of a number of recent analyst reports. Credit Suisse Group reiterated a “buy” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a report on Friday, September 15th. ValuEngine upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a report on Friday, September 1st. TheStreet upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “d+” rating to a “c-” rating in a report on Monday, August 7th. Zacks Investment Research lowered shares of Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, Deutsche Bank AG upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “sell” rating to a “hold” rating in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. Petroleo Brasileiro S.A.- Petrobras currently has an average rating of “Hold” and an average price target of C$10.47.

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In other Petroleo Brasileiro S.A.- Petrobras news, Director Christopher Geoffrey Hampson sold 250,000 shares of the business’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of C$0.18, for a total transaction of C$45,000.00.

Several large investors have recently added to or reduced their stakes in PBR. AQR Capital Management LLC grew its position in shares of Petroleo Brasileiro S.A.- Petrobras by 19.2% in the 1st quarter. AQR Capital Management LLC now owns 202,355 shares of the company’s stock worth $1,961,000 after buying an additional 32,544 shares during the period. Fox Run Management L.L.C. purchased a new stake in shares of Petroleo Brasileiro S.A.- Petrobras in the 2nd quarter worth about $118,000. Eqis Capital Management Inc. grew its position in shares of Petroleo Brasileiro S.A.- Petrobras by 8.5% in the 2nd quarter. Eqis Capital Management Inc. now owns 16,082 shares of the company’s stock worth $128,000 after buying an additional 1,262 shares during the period. Exane Derivatives purchased a new stake in shares of Petroleo Brasileiro S.A.- Petrobras in the 2nd quarter worth about $1,161,000. Finally, Mizuho Securities USA LLC purchased a new stake in shares of Petroleo Brasileiro S.A.- Petrobras in the 2nd quarter worth about $1,987,000. 5.68% of the stock is currently owned by hedge funds and other institutional investors.

Petroleo Brasileiro S.A.- Petrobras (NYSE PBR) traded down C$0.13 during trading hours on Friday, reaching C$10.71. 10,670,000 shares of the company were exchanged, compared to its average volume of 14,669,837. Petroleo Brasileiro S.A.- Petrobras has a 52 week low of C$7.61 and a 52 week high of C$11.71. The company has a quick ratio of 1.66, a current ratio of 2.04 and a debt-to-equity ratio of 1.34. The company has a market cap of $69,853.27, a price-to-earnings ratio of 17.00 and a beta of 2.44.

About Petroleo Brasileiro S.A.- Petrobras

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