This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

6 Oversold Stocks Ready to Bounce Higher

Stocks in this article: SDS PBR EA CTRP PLCM BBG

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Petroleo Brasileiro (ADR) (PBR) is an integrated company operating in exploration, production, refining, retailing and transportation of petroleum and its byproducts at home and abroad. The company was founded in 1953 and is based in Rio de Janeiro, Brazil. Petroleo Brasileiro trades an average of 19.7 million shares per day with a marketcap of $72.9 billion.

The total number of analyst buy recommendations is two, and four analysts believe the best course of action is to hold. The average analyst target price for PBR is $31.80.

The trailing 12-month price-to-earnings ratio is 6.8, the mean fiscal-year estimate price-to-earnings ratio is 7.21, based on earnings of $2.72 per share this year. Investors are receiving 11 cents in dividends for a yield of .55%.

Short interest is very low with only 11 million shares out of a float of 3.6 billion shares short. Oil is in a downward bear trend; however, a dead cat bounce that may help PBR is likely.

For a quick hit and run, I like the $17 strike put options that expire this Friday for 16 or more cents. These would most likely have to be sold on Tuesday to make it worthwhile. Otherwise, I equally like the July $17 strike put options if they can be sold this week for 55 cents each. My profit target is 45 cents.

4 of 7

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,620.65 +263.78 1.52%
S&P 500 2,038.86 +25.97 1.29%
NASDAQ 4,709.3320 +65.02 1.40%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs