Petrobras Argentina SA (NYSE:PZE) has been given a consensus broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company.
Brokerages have set a 12-month consensus price target of $7.80 for the company, according to Zacks. Zacks has also given Petrobras Argentina SA an industry rank of 240 out of 265 based on the ratings given to related companies.
Several analysts recently weighed in on the company. Zacks Investment Research downgraded Petrobras Argentina SA from a “hold” rating to a “sell” rating in a research note on Wednesday, November 18th. TheStreet cut Petrobras Argentina SA from a “buy” rating to a “hold” rating in a report on Tuesday, December 8th. Finally, Credit Suisse started coverage on Petrobras Argentina SA in a report on Tuesday, January 12th. They issued an “underperform” rating and a $2.00 price target for the company.
A hedge fund recently raised its stake in Petrobras Argentina SA stock. Acadian Asset Management increased its position in Petrobras Argentina SA (NYSE:PZE) by 3.1% during the fourth quarter, according to its most recent disclosure with the SEC. The hedge fund owned 1,520,399 shares of the company’s stock after buying an additional 45,380 shares during the period. Acadian Asset Management’s holdings in Petrobras Argentina SA were worth $8,423,000 at the end of the most recent quarter.
Petrobras Argentina SA (NYSE:PZE) opened at 5.69 on Thursday. The stock has a 50 day moving average price of $5.48 and a 200-day moving average price of $5.84. The stock has a market cap of $1.15 billion and a PE ratio of 21.07. Petrobras Argentina SA has a 12 month low of $4.57 and a 12 month high of $7.90.
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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