9.12 -0.29 (-3.08%)
After hours: 7:30PM EDT
|Bid||9.23 x 1100|
|Ask||9.27 x 4000|
|Day's range||9.34 - 9.81|
|52-week range||7.64 - 17.20|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||14.24|
In this part, we’ll examine analysts’ ratings for Petrobras (PBR), which occupies the last slot in the list of the seven firms in our survey. PBR is the last stock of the bottom order, which consists of stocks that have fewer than 50.0% “buy” ratings from analysts. The other stocks in the bottom order are BP (BP) and ExxonMobil (XOM), which have “buy” ratings of 45.0% and 33.0%, respectively.
In this series, we’ll rank seven global integrated energy firms based on the “buy” ratings received from Wall Street analysts. Suncor Energy (SU), Royal Dutch Shell (RDS.A), and Chevron (CVX) are the top three firms that have received more than 70.0% “buy” ratings from analysts. Suncor, which is in the business of extracting oil from oil sands, has seen a notable improvement in its financial position in the past few quarters.
Equinor's (EQNR) equity production in Brazil increase by around 150% after acquiring interests in Petrobras-operated Roncador field.
Petrobras has lost over 40% of its value in the past four weeks. It may go lower, Morgan Stanley equity analysts warned on June 14. (Photo by Cris Faga/NurPhoto via Getty Images) Petrobras is back to single digits.
LyondellBasell Industries NV (LYB.N) and Odebrecht SA, the controlling owner of petrochemicals producer Braskem, said on Friday they have entered into exclusive talks for Lyondell to acquire control of Braskem, and two people familiar with the matter said the companies are planning a cash and shares deal that could top $9 billion (£6.7 billion). LyondellBasell and Odebrecht expect to reach a final deal in two months, but there is no deadline yet for LyondellBasell to deliver a binding proposal, the sources said, speaking on condition of anonymity because they are not authorized to discuss the terms publicly.
Brazil’s latest offshore auction shows that oil majors haven't been scared away by the recent strikes that crippled the country’ infrastructure
June 8 (Reuters) - MISC Bhd: * VALUE OVER 10 YEARS IS $645 MILLION FOR CONTRACT TO OWN, OPERATE 4 SPECIALIST DP2 SUEZMAX SIZE SHUTTLE TANKERS FROM PETROBRAS Source text :( https://bit.ly/2Jvdsr5 ) Further ...
RIO DE JANEIRO—The world’s largest energy companies lined up Thursday for a major auction of coveted Brazilian oil fields, even as Brazil’s government rolled back some market-friendly policies that would have made its oil industry more competitive. Bidders offered more than $800 million plus large shares of so-called profit oil to Brazil’s government for the right to explore three blocks in the Campos and Santos basins, thought to hold about 14 billion barrels of oil. A consortium formed by Exxon Mobil Corp., Statoil Brasil—a unit of Norway’s Equinor ASA—and Portugal’s Petrogal won the largest block, known as Uirapuru, with a $679.4 million signing bonus plus 75.4% of profit oil, an offer higher than the minimum bid by 240%.
RIO DE JANEIRO (AP) — Multinational oil companies bought significant stakes in three Brazilian pre-salt oil fields auctioned Thursday, a show of confidence in the future of the energy sector despite a recent strike by truckers over rising fuel prices that brought Latin America's largest nation to a halt.
Petrobras' (PBR) divestment plans of TAG get suspended, as the court believes that the sale is not publicized well enough to stimulate ample competition.
RIO DE JANEIRO/HOUSTON (Reuters) - Schlumberger NV and Halliburton Co are preparing offers for an onshore production sharing deal with Brazil's state-controlled Petrobras, two sources said, a first for oil services firms in the Latin American country. Another source said General Electric Co's unit Baker Hughes is also studying a potential bid for the tender, launched by Petrobras in May. A deal would represent a novel way for the debt-laden oil company to boost output from mature fields without losing control or risking capital, by partnering with one of the world's largest oil service providers.
The Zacks Analyst Blog Highlights: Exxon Mobil, Royal Dutch Shell, Petrobras, National Oilwell Varco and Schlumberger
Just as Brazil’s recovery appeared to be taking hold, the country got bogged down. A 10-day strike by truckers over fuel pricing caused a crippling nationwide shutdown and was resolved only when President Michel Temer’s administration gave in to numerous demands, from cheaper fuel to a change in the leadership of the state-run oil company Petrobras. Before Temer, the Brazilian government would intervene to cap the cost of fuel, hurting profits at Petrobras.
Growing Brazilian government meddling in Petrobras (PETR4.SA) that prompted its former chief executive Pedro Parente to quit last week now looms over his successor as he seeks to crack on with reforms at the world's most indebted oil company. After a trucker's strike over rising diesel prices paralysed Latin America's largest economy, the government reacted by imposing fuel subsidies, worrying investors who saw it as a sign of new, unwelcome interference in state-run Petrobras. Parente resigned in protest, and former chief financial officer Ivan Monteiro was installed in his place on Friday, providing some comfort to jittery markets which hope he will press on with Parente's market-friendly programme.
Petrobras' (PBR) CEO's resignation comes in the wake of the nationwide trucker strike in Brazil, which had strangled the country's economy for more than a week.
Good luck finding a bank raising their growth forecast for Brazil. Santander reduced their call for 2018 GDP to 2% from 3.2%. A slower economy makes it harder for Brazil to reverse stubbornly low employment.
RIO DE JANEIRO (AP) — The president of Brazilian state oil company Petrobras resigned Friday, the latest fallout from a crippling truckers' strike over fuel prices that has widespread implications for the future of Latin America's largest economy.
RIO DE JANEIRO/BRASILIA (Reuters) - Brazilian President Michel Temer scrambled to name a new chief executive for state-controlled oil producer Petroleo Brasileiro SA (PETR4.SA) on Friday, after the surprise resignation of CEO Pedro Parente over fuel pricing policies. Parente's departure wiped $11 billion (£8.2 billion) off the market value of the company, known as Petrobras, and marked the highest profile casualty so far of a trucker's strike that virtually paralysed Brazil for nearly two weeks. Once a beacon of national pride, Petrobras had become engulfed in a damaging corruption scandal and overloaded with debt before turnaround wizard Parente's arrival as CEO two years ago.
resigned earlier in the day amid strong criticism by unions of his market-oriented price policy following a 10-day truckers strike that led the government to cut and temporarily freeze the price of diesel fuel, among other things, to end the disruptive labor action.
BRASILIA (Reuters) - Brazil's President Michel Temer recommended on Friday that the board of state-run oil company Petrobras (PETR4.SA) appoint Ivan Monteiro as its new permanent chief executive officer, ...
Ivan Monteiro has been named to head Brazilian state-controlled oil company Petrobras on an interim basis, replacing Chief Executive Officer Pedro Parente who resigned Friday. Monteiro, who has been chief financial officer since 2015, was given the interim job during a board meeting that came just hours after Parente stepped down following intense criticism during a trucker strike that crippled Latin America’s biggest economy. Monteiro previously held the CFO role at Banco do Brasil SA. Since joining Petrobras, he oversaw a reduction in the company’s total debt, resumed regular financial statements after reaching an agreement with auditors, and successfully extended the company’s debt payment schedule.