|Bid||9.10 x 800|
|Ask||0.00 x 800|
|Day's range||9.16 - 9.41|
|52-week range||7.55 - 14.98|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||0.03 (0.30%)|
|1y target est||12.60|
Short interest in Royal Dutch Shell (RDS.A), expressed as a percentage of outstanding shares, has fallen from 0.11% on June 6 to the current level of 0.09%. Usually, everything else being equal, a decline in short interest could indicate a decrease in bearish sentiment for a stock. Also, during this period of falling short interest, Shell’s stock price rose 0.5%.
Economist Paulo Guedes has a very simple answer to the question of what to do with Brazil’s giant, politically sensitive state-owned enterprises. , who is leading early polls for presidential elections due in October, includes Petrobras on the liquidation list. “There are no sacred cows,” Mr Guedes said at his beachside office at Bozano Investimentos in Rio de Janeiro.
A Brazilian judge has acquitted one of Brazil’s most prominent bankers and entrepreneurs, André Esteves, on charges of obstructing justice. The absolution of those accused in the case — which is part of a sweeping investigation known as Car Wash into corruption centred on state-owned oil company Petrobras — is expected to embolden critics of the probe. Mr Esteves was jailed for three weeks in 2015 after his name was mentioned in a wiretap of a secret meeting between a former senator, Delcídio do Amaral Gomez, and Bernardo Cerveró, the son of a suspect in the Petrobras case.
SAO PAULO (AP) — Construction conglomerate Odebrecht has signed an agreement with two more Brazilian state bodies to settle cases related to a corruption scheme in which Odebrecht and others formed a de facto cartel to rig bids with state-run oil giant Petrobras and bribe officials.
Brazil’s jailed former president Luiz Inácio Lula da Silva was almost freed on Sunday after an appeals court issued conflicting decisions on his legal status in a move that could raise political risk for the country.
Petroleo Brasileiro (PBR) is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
Eike Batista, once Brazil’s richest man, has received a thirty year prison sentence for bribing the former government of Rio de Janeiro in order to win contracts to state construction projects
, says it will challenge the $622 million arbitration award chalked up Monday by Vantage Drilling International, a Houston-based offshore energy contractor that filed for bankruptcy in 2015 after Petrobras cut off a key contract amid a Brazilian corruption probe. Petrobras terminated the contract in 2015, weeks after indictments were handed down against several individuals for the alleged bribery of certain Petrobras executives and political officials in connection with the contract. Both companies have denied involvement in the alleged corruption, which was exposed as part of a sprawling investigation dubbed “Operation Car Wash,” a probe that produced charges against scores of people, and caught up other businesses and politicians as well as executives.
Investors need to pay close attention to Petroleo Brasileiro (PBR) stock based on the movements in the options market lately.
Vantage Drilling International said an international arbitration tribunal awarded the company $622.02 million in a dispute with Brazil’s Petróleo Brasileiro, or Petrobras, over a 2015 contract termination....
To conclude our series on the biggest movers in the refining and marketing sector and integrated energy sector, we’ll now look at Wall Street’s recommendations for the stocks. Of the three analysts covering World Fuel Services (INT) on June 27, one recommended “strong buy,” one recommended “hold,” and one recommended “sell.” Their median price target for INT was $32.50, which implies a ~59% upside to its June 27 closing price of $20.47.
In this part, we’ll look at how hedge funds are positioning themselves in the strongest stocks in the refining and marketing sector and integrated energy sector this week. In Q1 2018, 20 hedge funds were “buyers” (they created a new position or added to their existing position) of World Fuel Services (INT) stock, while 17 hedge funds were “sellers” (they closed their entire position or reduced their existing position).
In this part, we’ll look at the US integrated energy sector’s top gainers this week. Petrobras (PBR), the sector’s strongest stock, had risen ~3.7% as of June 27 from $9.43 to $9.78.
The Zacks Analyst Blog Highlights: Royal Dutch Shell, Baytex Energy, Petrobras, Schlumberger and Hess
Petrobras (PBR) expects production ramp up from the Green Turtle field to largely help it reach its 2018 production target of 2.1 million barrels per day.
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.
NEW YORK, June 18, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Outfront ...
Jun.28 -- Lee Alstong, professor at Indiana University and author of "Brazil in Transition," and Mauricio Oreng, senior Brazil strategist at Rabobank, discuss the Brazilian real rand and the nation's government and economy under President Michel Temer. They speak on "Bloomberg Daybreak: Americas."