Petroleo Brasileiro SA Petrobras Stock Gaps Up On Today's Open (PBR.A)

NEW YORK ( TheStreet) -- Shares of Petroleo Brasileiro SA Petrobras (NYSE: PBR.A) were gapping up Tuesday morning with an open price 16.7% higher than Monday's closing price. The stock closed at $13.38 Monday and opened today's trading at $15.61.

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The average volume for Petroleo Brasileiro SA Petrobras has been eight million shares per day over the past 30 days. Petroleo Brasileiro SA Petrobras has a market cap of $87.72 billion and is part of the basic materials sector and energy industry. Shares are down 30.7% year to date as of the close of trading on Monday.

Petroleo Brasileiro S.A. - Petrobras operates as an integrated oil and gas company in Brazil and internationally.

TheStreet Ratings rates Petroleo Brasileiro SA Petrobras as a hold. The company's strengths can be seen in multiple areas, such as its attractive 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 poor profit margins. You can view the full Petroleo Brasileiro SA Petrobras Ratings Report.

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