NEW YORK (TheStreet) -- Petrobras (PBR.A - Get Report) is scheduled to report its 2016 first quarter earnings on Thursday after the market close. 

For the most recent period, Wall Street is expecting the company to earn 4 cents a share on revenue of $21.68 billion.

A year ago, the company earned 28 cents a share on revenue of $25.97 billion.

Despite expectations of a year-over-year earnings drop as many oil companies have been grappling with lower oil prices, shares of Petrobras are rising by 1.89% to $5.92 on Wednesday afternoon, following the bullish industry report from the Energy Information Administration (EIA).

Crude stockpiles fell by 3.4 million barrels last week, while analysts were anticipating a build of 714,000 barrels.

Crude oil (WTI) is spiking by 3.27% to $46.12 per barrel and Brent crude is increasing by 4.04% to $47.36 per barrel. 

Separately, TheStreet Ratings currently has a "Sell" rating on the stock with a letter grade of D.

The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity, generally disappointing historical performance in the stock itself and generally high debt management risk.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.

You can view the full analysis from the report here: PBR