Petroleo Brasileiro SA Petrobras (PBR): Today's Featured Energy Laggard
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
.
Petroleo Brasileiro SA Petrobras
(
) pushed the Energy industry lower today making it today's featured Energy laggard. The industry as a whole closed the day down 0.6%. By the end of trading, Petroleo Brasileiro SA Petrobras fell 25 cents (-1.2%) to $21.35 on light volume. Throughout the day, 8.3 million shares of Petroleo Brasileiro SA Petrobras exchanged hands as compared to its average daily volume of 15.8 million shares. The stock ranged in price between $21.25-$21.64 after having opened the day at $21.58 as compared to the previous trading day's close of $21.60. Other companies within the Energy industry that declined today were:
(
), down 17.9%,
(
), down 9.2%,
(
), down 7.9%, and
(
), down 7.3%.
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Petroleo Brasileiro S.A. primarily engages in oil and natural gas exploration and production, refining, trade, and transportation businesses. Petroleo Brasileiro SA Petrobras has a market cap of $141.34 billion and is part of the
sector. The company has a P/E ratio of seven, below the average energy industry P/E ratio of 12.3 and below the S&P 500 P/E ratio of 17.7. Shares are down 12.3% year to date as of the close of trading on Tuesday. Currently there are three analysts that rate Petroleo Brasileiro SA Petrobras a buy, no analysts rate it a sell, and four rate it a hold.
TheStreet Ratings rates Petroleo Brasileiro SA Petrobras as a
. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow.
- You can view the full Petroleo Brasileiro SA Petrobras Ratings Report.
On the positive front,
Double Eagle Petroleum Company
(
), up 8.9%,
(
), up 8.9%,
(
), up 5%, and
(
), up 4.8%, were all gainers within the energy industry with
(
) being today's featured energy industry leader.
- Use our energy section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the energy industry could consider
(
) while those bearish on the energy industry could consider
(
).
- Find other investment ideas from our top rated ETFs lists.
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