Petroleo Brasileiro S.A. – Petrobras (PBR - Free Report) was a big mover last session, as the company saw its shares rise more than 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $13.42 to $14.38 in the past one-month time frame.
The move came after the company reported solid first-quarter 2018 results.
The company has seen a mixed track record when it comes to estimate revisions of one increase and one decrease over the past month, while the Zacks Consensus Estimate for the current quarter has moved lower. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Petroleo Brasileiro currently has a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.
Investors interested in the Oil and Gas - Integrated - Emerging Markets industry may consider China Petroleum & Chemical Corporation (SNP - Free Report) , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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