Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) traded today at a new 52-week high of $13.61. This new high was reached on below average trading volume as 7.3 million shares traded hands, while the average 30-day volume is approximately 29 million shares.
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.
Petroleo Brasileiro S.A.- Petrobras share prices have moved between a 52-week high of $13.61 and a 52-week low of $7.06 and are now trading 92% above that low price at $13.55 per share.
Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) defies analysts with a current price ($13.55) 95.7% above its average consensus price target of $0.58.
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