Petroleo Brasileiro S.A. – Petrobras (NYSE:PBR) [Trend Analysis] hangs on to mix trends, as shares trade at $7.35 by inched down -0.94% with volume of 25.95 Million shares that was impressive than its average volume of 34394.89 shares. Brazil’s state-controlled oil company Petroleo Brasileiro SA posted its third-straight quarterly loss on Thursday as oil prices and production fell and a weaker currency boosted debt costs.
The consolidated net loss at Petrobras, was 1.25 billion reais ($358 million) in the three months ending March 31, compared with a profit of 5.33 billion reais a year earlier, the Rio de Janeiro-based company said in a securities filing. The average estimate of five analysts surveyed by Reuters was for a profit of 3.64 billion reais. Petrobras’ net revenue, or total sales minus sales taxes, fell 5.4 percent to 70.3 billion reais. Adjusted earnings before interest, taxes, depreciation and amortization, or EBITDA, a measure of operating profit, fell 2 percent to 21.1 billion reais.
For current month, 2 analyst from pool recommended for an “overweight” rating, while 1 gave rating of “Buy” and 13 analysts suggest to “Hold” and 4 gave preference to “underweight,” according to research rating by WSJ.
While alarming thing to be notice is price target, the average pool price target for PBR has been mentioned as; 7.50 tends to high price target, medium level touched to 4.50, and 1.13 was assigned as lowest share price targets. To accommodate all of these, average analyst price target appeared by 4.48, where as the current price is 7.35, as per research conducted by WSJ.
As the revenues measures, firm has operation margin of -4.10% in the following twelve months with net profit margin of negative -10.80%. The Company showed a negative -10.80% in the net profit margin and in addition to in its operating margin which remained -4.10%. Company’s annual sales growth for the past five year was 21.70%.
Petroleo Brasileiro S.A. – Petrobras (NYSE:PBR) presented weekly performance of 3.96% with respect to its rate of return and it remained 9.21% for the month. However, the performance for a quarter experienced changes of 153.45% and its performance for a year is -25.38% and its year to date performance remained in green with 70.93%. The stock price volatility was 8.05% for a week and 6.64% for a month as well as price volatility’s Average True Range for 14 days was 0.48 and its beta remained 2.54.
Current stock price is in the upbeat territory taking into account of 20 days moving average with 2.80% and continued bullish run for 50 days moving average with 19.65%. Its earnings per share for the past twelve months were -372.90%. Company’s beta coefficient was at 2.54. Beta measures the amount of market risk associated with market trade.