PETROLEO BRASIL/S (PBR.A) Trading Up 6.6%

PETROLEO BRASIL/S (NYSE:PBR.A) shares were up 6.6% during mid-day trading on Thursday . The stock traded as high as $10.69 and last traded at $10.69. Approximately 8,731,000 shares traded hands during trading, an increase of 5% from the average daily volume of 8,332,967 shares. The stock had previously closed at $10.03.

The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.28 and a current ratio of 1.70. The firm has a market capitalization of $63.98 billion, a PE ratio of 15.57 and a beta of 2.67.

PETROLEO BRASIL/S (NYSE:PBR.A) last released its quarterly earnings results on Friday, August 3rd. The oil and gas exploration company reported $0.43 earnings per share for the quarter. PETROLEO BRASIL/S had a net margin of 3.60% and a return on equity of 7.98%. The business had revenue of $23.41 billion for the quarter.

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 4th. Stockholders of record on Wednesday, August 15th were issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date was Tuesday, August 14th.

About PETROLEO BRASIL/S (NYSE:PBR.A)

Petroleo Brasileiro SA-Petrobras specializes in the oil, natural gas and energy industry. The Company is engaged in prospecting, drilling, refining, processing, trading and transporting crude oil from producing onshore and offshore oil fields and from shale or other rocks. Its segments include Exploration and Production, which covers the activities of exploration, development and production of crude oil, natural gas liquid and natural gas; Refining, Transportation and Marketing, which covers the refining, logistics, transport and trading of crude oil and oil products activities, exporting of ethanol, and extraction and processing of shale; Gas and Power, which is engaged in transportation and trading of natural gas produced in Brazil and imported natural gas; Biofuels, which covers the activities of production of biodiesel and its co-products, and ethanol-related activities; Distribution, which includes the activities of its subsidiary Petrobras Distribuidora SA, and Corporate.

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