Petrobras Argentina SA (NYSE:PZE) Given Consensus Recommendation of "Buy" by …

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Shares of Petrobras Argentina SA (NYSE:PZE) have been given a consensus broker rating score of 2.00 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and one has assigned a strong buy rating to the company.

Brokerages have set a one year consensus price objective of $7.80 for the company, according to Zacks. Zacks has also assigned Petrobras Argentina SA an industry rank of 96 out of 265 based on the ratings given to related companies.

Shares of Petrobras Argentina SA (NYSE:PZE) opened at 5.54 on Tuesday. Petrobras Argentina SA has a one year low of $4.32 and a one year high of $7.90. The company’s 50 day moving average is $5.73 and its 200-day moving average is $5.97. The firm has a market capitalization of $1.12 billion and a price-to-earnings ratio of 19.79.

Several brokerages have issued reports on PZE. Zacks Investment Research upgraded shares of Petrobras Argentina SA from a “sell” rating to a “hold” rating in a research report on Wednesday, November 4th. TheStreet cut shares of Petrobras Argentina SA from a “buy” rating to a “hold” rating in a research report on Tuesday, December 8th.

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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