Petroleo Brasileiro SA – Petrobras (ADR) (NYSE:PBR) traded in the last session between $3.89 and $4.19 whereas, its 52-Week High Range is $17.64 with respect to its 52 Week Low Range of $3.89. The stock closed at $6.74 on Tuesday night. The stock trades at 6.08 times forward earnings and is down – 77.10% from its peak. The standard deviation of the price stands at $4.58.

Petroleo Brasileiro S.A. – Petrobras has lost 18.05% in the last five trading days and dropped 17.55% in the last 4 weeks. The company has a market cap of $16,150 million and there are 3,721,227,000 shares in outstanding. Bank of America downgraded Petroleo Brasileiro Petrobras SA from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $8.50 to $7.60 in a report on Friday, September 11th.

Prosecutor Carlos Fernando dos Santos Lima said the bribery scheme at Petroleo Brasileiro SA, as Petrobras is formally known, had the same origins as Brazil’s previous political scandal, the “mensalao” or monthly payment scheme, in the offices of Jose Dirceu, Lula’s top aide from 2003 to 2005. The total number of such repurchases this year under the Authorization was 649,710 shares at an average share price of $34.08 per share for a total of $22.2 million, leaving $27.8 million unspent under the Authorization and accessible to be utilized for the accelerated repurchase described below. The rating by the firm was issued on September 11, 2015. A look on the firm performance, its weekly performance is -11.71% and YTD performance of -26.93%. Tudor Pickering raised shares of Petroleo Brasileiro Petrobras SA from an “accumulate” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Wednesday, June 3rd. The company fell -2.58% with market capitalization of 2.72 billion.

Crude oil (WTI) is retreating 0.13% to $44.42 per barrel and Brent crude is also sliding 0.13% to $47.69 per barrel, according to the CNBC.com index.

Petroleo Brasileiro SA Petrobras (Petrobras) is a Brazil-based integrated oil and gas company. The assets for sale are Petrobras’ shares of natural-gas distribution firms in… The Company divides its activities into seven segments: Exploration and Production; Refining, Transportation and Marketing; Gas and Power; Biofuel; Distribution and worldwide. The company said last June it is planning to exit its struggling private label foods business.