Petrobras shares climb despite Q1 results as execs expect production boost [Seeking Alpha]
Petroleo Brasileiro S.A.- Petrobras (PBR)
US:NYSE Investor Relations:
investidorpetrobras.com.br/en
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Source: Seeking Alpha
Petrobras shares climb despite Q1 results as execs expect production boost - Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) | Seeking Alpha Energy | Earnings On the Move Petrobras shares climb despite Q1 results as execs expect production boost May 8, 2019 3:56 PM ET Petróleo Brasileiro S.A. - ... (PBR) Carl Surran Petrobras ( +3.8% hit its full-year production target In today's earnings conference call, Exploration and Production Director Carlos Alberto de Oliveira reaffirmed PBR's FY 2019 production goal of 2.8M boe/day, adding that the company has been exceeding the figure in May after Q1 production of 2.54M boe/day was held back by a series of stoppages CEO Roberto Castello Branco credited rising production for today's stock price gains, saying investors liked the company's Q1 results more than the press did. Analysts at BTG Pactual call the results “uninspiring,” noting in particular a 38% rise in net debt because of the company's adoption of new accounting standards. See all
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News
- Petróleo Brasileiro S.A. - Petrobras (NYSE: PBR) had its price target raised by analysts at UBS Group AG from $17.20 to $17.40. They now have a "buy" rating on the stock.MarketBeat
- Petróleo Brasileiro S.A. - Petrobras (NYSE: PBR) was upgraded by analysts at HSBC Holdings plc from a "hold" rating to a "buy" rating. They now have a $18.00 price target on the stock.MarketBeat
- Petróleo Brasileiro S.A. - Petrobras (NYSE: PBR) was downgraded by analysts at Morgan Stanley from an "overweight" rating to an "equal weight" rating. They now have a $18.00 price target on the stock, down previously from $20.00.MarketBeat
- Petróleo Brasileiro S.A. - Petrobras (NYSE: PBR) was downgraded by analysts at Bank of America Co. from a "buy" rating to a "neutral" rating. They now have a $16.00 price target on the stock.MarketBeat
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PBR
Sec Filings
- 4/23/24 - Form 6-K
- 4/23/24 - Form 6-K
- 4/23/24 - Form 6-K
- PBR's page on the SEC website