Shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) traded today at $13.99, eclipsing its 52-week high. Approximately 15.4 million shares have changed hands today, as compared to an average 30-day volume of 30.4 million shares.
In the past 52 weeks, Petroleo Brasileiro S.A.- Petrobras share prices are bracketed by a low of $7.06 and a high of $13.99 and is now at $13.81, 96% above that low price.
Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) is currently priced 95.8% above its average consensus analyst price target of $0.58.
Petrobras is a Brazil-based integrated energy company controlled by the Brazilian government. The company focuses on exploration and production for oil and gas in Brazilian offshore fields. Production in 2020 was 2.8 million barrels of oil equivalent a day (83% oil production), and reserves stood at 8.8 billion boe (86% oil). Petrobras operates 13 refineries in Brazil with capacity of 2.2 million barrels a day and distributes refined products and natural gas throughout Brazil.
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