Raymond James has issued rating on Petrobras Argentina SA ADR in the latest move. Company shares are now Upgraded by Raymond James to ” Outperform”. The firm had an earlier rating of “Mkt Perform ” on Petrobras Argentina SA ADR. The rating information was released on Jan 25, 2016 by Raymond James.
Institutional Investors own 7.27% of Petrobras Argentina SA ADR shares.
Shares of Petrobras Argentina SA ADR (PZE) ended Monday, Jan 25, 2016 session in red amid volatile trading. The shares closed down -0.18 points or -3.16% at $5.51 with 1,84,141 shares getting traded. Post opening the session at $5.67, the shares hit an intraday low of $5.5 and an intraday high of $5.97 and the price vacillated in this range throughout the day. The company has a market cap of $1,113 M and the number of outstanding shares has been calculated to be 20,19,23,680 shares. The 52-week high of Petrobras Argentina SA ADR is $7.9 and the 52-week low is $4.5.
Petrobras Argentina SA, (formerly Petrobras Energia SA), 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.