NEW YORK (TheStreet) -- Petroleo Brasileiro Petrobras (PBR - Get Report) was gaining 1.8% to $13.95 on news that it expects to receive the first or eight new pipe laying support vessels (PLSVs) this month.
The ships should help Petroleo Brasileiro Petrobras boost crude oil production by allowing it to connect new wells to existing platforms more quickly. The company expects crude oil output to increase by 7.5% in 2014, up from 1.93 million bbl/day in 2013.
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- Regardless of the drop in revenue, the company managed to outperform against the industry average of 7.8%. Since the same quarter one year prior, revenues slightly dropped by 0.2%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
- PBR's debt-to-equity ratio of 0.76 is somewhat low overall, but it is high when compared to the industry average, implying that the management of the debt levels should be evaluated further. Regardless of the somewhat mixed results with the debt-to-equity ratio, the company's quick ratio of 0.98 is weak.
- Net operating cash flow has decreased to $4,734.00 million or 16.58% when compared to the same quarter last year. Despite a decrease in cash flow of 16.58%, PETROBRAS-PETROLEO BRASILIER is in line with the industry average cash flow growth rate of -23.34%.
- The gross profit margin for PETROBRAS-PETROLEO BRASILIER is currently lower than what is desirable, coming in at 28.99%. It has decreased from the same quarter the previous year. Regardless of the weak results of the gross profit margin, the net profit margin of 7.75% is above that of the industry average.
- You can view the full analysis from the report here: PBR Ratings Report