Barclays Capital (NYSE:BCS) said on Tuesday that the Brazilian oil company Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) is facing a tough time despite the fact that company’s shares have come closer to 20 US dollars a share.
For nearly one straight year the lender remained bullish on Petrobras but it seems it was a wrong guess. In its recent first quarter earnings results, company declared earnings per share around 59 cents ahead of 57 cents estimate.
However analysts expect a very mild effect of quarterly results on company’s near term stock performance. The company is down by more than 19 percent over the past year. since May 2008 company’s stock lost almost 69 percent.
At the same time analysts at Goldman Sachs pointed a 60 US dollars stop for the stock based on the possibilities of further weakening the dollar and oil prices heading to 200 US dollars.
Coming to the stock performance; Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) in last trading session end up at $19.15 by rising 0.63% with the average volume of 15.44 million shares. In afterhours trading PBR shares fall -0.05%.
The stock price saw week’s volatility of 2.52% and month’s volatility is 3.11% while the stock price of the company is moving up from its 20 days moving average with 14.05% and isolated positively from 50 days moving average with 16.04%.
Looking at Analytic Ratios; the price to sales ratio of PBR in past twelve months was calculated as 0.87 and price to cash ratio as 5.21. Company return on equity ratio is recorded as 6.42% and its return on assets is 3.36% and return on investment is 3.78%.