Home / Business / Stocks having Bumpy Ride for the Day: Petroleo Brasileiro S.A. – Petrobras (NYSE:PBR-A), Suncor Energy (NYSE:SU)

Stocks having Bumpy Ride for the Day: Petroleo Brasileiro S.A. – Petrobras (NYSE:PBR-A), Suncor Energy (NYSE:SU)

Petroleo Brasileiro S.A. – Petrobras (NYSE:PBR-A) persists its position slightly strong in context of buying side, while shares price knock down -5.33% during latest trading session.

Petrobras (PBR, PBR.A) approves the sale of its liquefied petroleum gas unit to Ultrapar Participações (NYSE:UGP) for 2.8B reais ($819M), confirming earlier reports. The market considered the price tag on the high side; PBR preferred shares, the company’s most widely traded class of stock, closed 3.2% lower after gaining as much as 3% during regular trading. Analysts at Banco BTG Pactual and Banco Brasil Plural say the deal will be subject to tough scrutiny by Brazil’s government antitrust agency CADE. Analysts at Banco BTG Pactual and Banco Brasil Plural say the accord will be subject to tough scrutiny by Brazil’s government antitrust agency CADE.

Following previous ticker characteristics, Suncor Energy Inc. (NYSE:SU) also run on active notice, stock price ascend 1.38% after traded at $32.30 in most recent trading session.

SU price to current year EPS stands at -174.90%. Whereas the traders who further want to see about this, may be interested to see Price to next year’s EPS that would be 1814.30%. The earning yield also gives right direction to lure investment, as the co has 2.67% dividend yield. Moving toward ratio analysis, it has current ratio of 1.30 and quick ratio was calculated as 1.00. The debt to equity ratio appeared as 0.41 for seeing its liquidity position.

Taking notice on volatility measures, price volatility of stock was 2.60% for a week and 2.44% for a month. The price volatility’s Average True Range for 14 days was 0.97. On these bases, analysts would recommend this stock as an “Active Revolving Stocks.” The firm attains analyst recommendation of 2.00 out of 1-5 scale with week’s performance of 2.44%. SU’s institutional ownership was registered as 68.50%.

 

About Richard Avery

He is a capital projects manager and process design engineer at a large-cap company. He has renowned MBA degree. Before joining SWR, he was a freelance writer for renounce tech websites. He is currently studying for CFP exam. Interests: Tech stocks, Economic Markets, Blue-chips.

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