Petrobras Argentina SA (NYSE:PZE)‘s stock had its “buy” rating reissued by Zacks in a report released on Friday. They currently have a $8.00 price target on the stock. Zacks‘s target price indicates a potential upside of 10.65% from the stock’s previous close.
Zacks’ analyst wrote, “PEREZ COMP -ADR leads a group of companies mainly engaged in the energy sector, this being its main business. Pecom will continue consolidating its position in the businesses where it participates, both in Argentina and abroad, based on the use of state-of-the art technology, the full development of its human resources and a high commitment towards environmental protection. “
Separately, analysts at Bank of America upgraded shares of Petrobras Argentina SA from an “underperform” rating to a “buy” rating and raised their price target for the stock from $5.00 to $9.00 in a research note on Monday, March 16th.
Shares of Petrobras Argentina SA (NYSE:PZE) traded up 2.26% during mid-day trading on Friday, hitting $7.23. The stock had a trading volume of 63,170 shares. Petrobras Argentina SA has a 1-year low of $4.32 and a 1-year high of $7.90. The stock has a 50-day moving average of $7. and a 200-day moving average of $5.. The company has a market cap of $1.46 billion and a price-to-earnings ratio of 27.81.
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.
To get a free copy of the research report on Petrobras Argentina SA (PZE), click here. For more information about research offerings from Zacks Investment Research, visit Zacks.com
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