Company Overview and News
With a $42.7 billion market value, Petroleo Brasileiro SA Petrobras (NYSE:PBR) ranks in the lower half of its industry group, Integrated Oil, and in the top decile of sector group, Energy Minerals, in market value. From the vantage point of investment attractiveness, the stock's Portfolio Grader ranking currently places it 15 among the 20 companies in this industry group, a spot that is well below-average; in the third quartile of the sector with a ranking of 120 among the 186 companies in the sector, and number 3,138 in the nearly 5,000 company Portfolio Grader universe. (2-0)
Currently, Petroleo Brasileiro SA Petrobras (NYSE:PBR) has a Sell using the approach to investing of Louis Navellier and his Portfolio Grader stock evaluator. PBR has been downgraded from a Hold to a Sell in the last week. (2-0)
Petroleo Brasileiro SA Petrobras (NYSE:PBR) is ranked as a Sell using the stock evaluator from Portfolio Grader, which incorporates Louis Navellier's investing system. PBR has been downgraded from a Hold to a Sell in the last week. (2-0)
Petroleo Brasileiro SA Petrobras (NYSE:PBR) is classified as a member of the 20 company Integrated Oil GICS industry group, which is a segment of the 185 company GICS Energy Minerals sector. PBR's market value is $41.2 billion which falls in the lower half of its industry group. The stock's Portfolio Grader ranking currently places it 15 among the 20 companies in this industry group, a position that is well below-average; in the top half of the sector with a ranking of 90 among the 185 companies in the sector, and number 2,698 in the nearly 5,000 company Portfolio Grader universe. (2-0)
BP plc (ADR) (NYSE:BP) has had a nice rally of late. Buoyed by rising Brent crude prices, the BP stock price has risen 20% just since mid-August, reaching a two-year high in the process. (64-0)
* Petroleo Brasileiro Sa Petrobras - Announced pricing of 2 series of global notes denominated in US dollars to be issued by unit Petrobras Global Finance Source text for Eikon: Further company coverage: (2-0)
The energy sector has been on a volatile roller-coaster ride for the past few months. Oil prices rebounded when the Organization of Petroleum Exporting Countries (OPEC) announced last November that it was going to cap oil-production, then collapsed when the Energy Information Administration (EIA) announced larger-than-expected crude-oil inventory builds.
Unwilling or unable to follow through on yesterday’s move to record highs, the bulls were suspiciously absent from Tuesday’s action … despite a lack of a clear bearish catalyst. By the time the closing bell rang, the S&P 500 was at 2,437.03, down 0.67%.
Not yet a year into his presidency, Brazilian President Michel Temer is facing a major bribery scandal that has sent Brazilian stocks tumbling.
In a complete reversal of yesterday’s sharp selloff, the S&P 500 gained 0.37% on Thursday to end the session at 2,365.74. Although one good day isn’t any assurance that Wednesday’s 1.82% rout was a one-off, it does offer a glimmer of hope that stocks aren’t doomed to an outright implosion.
The “Biggest Market Move on a Political Scandal on Thursday” award will go to a dark horse. While the U.S. is mired in piling allegations of Trump administration collusion with Russia, Brazil came out of nowhere with its own presidential incident to topple the iShares MSCI Brazil Index (ETF) (NYSEARCA:EWZ) by more than 17% this morning.
You can say this much for anyone who’s stepped into a new position in Exxon Mobil Corporation (NYSE:XOM) this week — they’ve got guts. With XOM stock rekindling a downtrend that got started at the beginning of the year that’s carried it to within sight of a new 52-week low, most onlookers are fearing the worst.
One of the advantages of the exchange-traded funds (ETFs) revolution is the number of foreign markets now readily accessible to U.S. investors. That includes emerging markets, and, in particular, Brazil, via iShares MSCI Brazil Index (ETF) (NYSEARCA:EWZ).
A policeman stands in front of the Petrobras headquarters in Rio de Janeiro March 4, 2015. — Reuters picSAO PAULO, April 5 — US oil company Exxon Mobil Corp expressed to Brazil’s state-controlled company Petrobras “strong interest” in the exploration of deep-water oil fields off the Brazilian coast, Petrobras Chief Executive Pedro Parente said yesterday.
SAO PAULO: U.S. oil company Exxon Mobil Corp expressed to Brazil's state-controlled company Petrobras "strong interest" in the exploration of deep-water oil fields off the Brazilian coast, Petrobras Chief Executive Pedro Parente said on Tuesday.
2017-12-11 - Wilton
2017-12-11 - Wilton
2017-12-03 - Wilton
2017-11-27 - Wilton