Research analysts at Credit Suisse initiated coverage on shares of Petrobras Argentina SA (NYSE:PZE) in a report issued on Tuesday, AnalystRatings.NET reports. The firm set an “underperform” rating and a $2.00 price target on the stock. Credit Suisse’s price target would indicate a potential downside of 63.77% from the company’s previous close.
Other research analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of Petrobras Argentina SA from a “hold” rating to a “sell” rating in a research note on Wednesday, November 18th. TheStreet lowered shares of Petrobras Argentina SA from a “buy” rating to a “hold” rating in a research note on Tuesday, December 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. Petrobras Argentina SA presently has a consensus rating of “Hold” and an average price target of $5.50.
Petrobras Argentina SA (NYSE:PZE) traded up 2.79% on Tuesday, reaching $5.52. 52,320 shares of the company’s stock traded hands. Petrobras Argentina SA has a 52-week low of $4.36 and a 52-week high of $7.90. The firm has a market cap of $1.12 billion and a price-to-earnings ratio of 20.44. The stock’s 50 day moving average is $5.53 and its 200 day moving average is $5.89.
Petrobras Argentina SA, (NYSE:PZE), is an Argentina-based integrated company primarily engaged in the energy sector. The Company’s activities are structured in four business segments: Oil and Gas Exploration and Production, including the acquisition, exploration, exploitation and maintenance of oil and gas reserves; Refining and Distribution, focusing in the production of fuels, lubricants and asphalts; Petrochemicals, comprising the production of styrene, polystyrene, bi-oriented polystyrene (BOPS) and synthetic rubber; as well as Gas and Energy, providing gas distribution and electric energy generation and transmission. Through its subsidiaries and affiliates, the Company has operations established in Argentina, Bolivia, Brazil, Ecuador, Venezuela, Mexico, Bermuda, Spain and Austria. YPF SA acquired the Company’s 38.45% participation in the concession contract UTE Puesto Hernandez executed between both companies for the exploration of the Puesto Hernandez area.
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