|Bid||9.38 x 1300|
|Ask||9.45 x 36900|
|Day's range||9.33 - 9.68|
|52-week range||7.64 - 17.20|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||14.23|
Petrobras shares fell 15 per cent after Mr Parente’s shock departure was announced on June 1. Mr Parente cannot be easily replaced. Appointing chief financial officer Ivan Monteiro in the top job is supposed to signal the government’s desire for continuity.
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.
Dutch chemicals group LyondellBasell is in talks with the controlling shareholder of Braskem over a potential deal with its Brazilian rival. The companies cautioned the talks were in their early stages and that there were no guarantees a deal could be reached. Odrebecht holds a 38.3 per cent stake in Braskem while Petrobras, the state controlled oil major, owns 36.1 per cent.
In April, he became chairman of BRF, replacing Brazilian retail tycoon Abilio Diniz after institutional shareholders embarked on a campaign to oust him. Mr Parente ran Bunge in Brazil before moving to Petrobras in 2016 to change the fortunes of the state-run oil company, which was facing debt and corruption scandals. to truckers whose strike against rising fuel prices brought Brazil’s economy to a near-standstill for 10 days.
Brazil’s latest offshore auction shows that oil majors haven't been scared away by the recent strikes that crippled the country’ infrastructure
NEW YORK, June 08, 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 BP ...
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.
The Zacks Analyst Blog Highlights: Exxon Mobil, Royal Dutch Shell, Petrobras, National Oilwell Varco and Schlumberger
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.
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.
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.
Jun.01 -- Pedro Parente has resigned as Petrobras CEO after a truckers strike sparked by Brazilian fuel prices extended into an eleventh-day. Bloomberg's Julia Leite reports on "Bloomberg Markets."