This Day On The Street
Continue to site
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

Four Oversold Stocks Ready To Bounce Higher

PBR Chart PBR data by YCharts

Petroleo Brasileiro(PBR - Get Report)

Background: Petrobras is an integrated company operating in exploration, production, refining, retailing and transportation of petroleum and its byproducts. The company was founded in 1953 and is based in Rio de Janeiro, Brazil. PBR trades an average of 11 million shares a day and has a market cap of $81 billion.

52-Week High: $32.60

52-Week Low: $17.27

Book Value: $28.29

Petrobras shares have moved higher in the last month, up 6.2%. I would not try to chase PBR, but I would consider a dip below $21 to be a very good entry point.

Right now, PBR has three buy recommendations out of seven analysts covering the company, and the average analyst target price is $30.44.

Technically, the chart is starting to look barely oversold. Shares have recovered nicely from the recent dips under $18 and the short 9-day moving average has turned the corner and is headed higher.

The price-to-earnings ratio has moved lower from last year. The trailing 12-month P/E ratio is 12.4, the mean fiscal year price-to-earnings ratio is 8.7, based on estimated earnings of $2.51 per share. And the company currently pays 11 cents per share in dividends for a yield of 0.49%.
3 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
RSH $0.31 12.76%
HPQ $29.18 0.00%
NOK $7.04 0.00%
PBR $5.68 0.00%
S $4.55 0.00%


Chart of I:DJI
DOW 17,050.75 +138.46 0.82%
S&P 500 2,013.43 +15.91 0.80%
NASDAQ 4,810.7880 +19.6360 0.41%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs