Stock Update (NYSE:PBR): Petroleo Brasileiro Petrobras SA (ADR) Transporte S.A. – Transpetro new CEO

Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) informs that the Board of Directors of its wholly-owned subsidiary Petrobras Transporte S.A. – Transpetro, in a meeting held today, designated Mr. Antônio Rubens Silva Silvino, current Executive Manager of Corporate Downstream in Petrobras, as new CEO of Transpetro.

This position was being excised by Mr. Cláudio Ribeiro Teixeira Campos, director, on an interim basis. (Original Source)

Shares of Petroleo Brasileiro closed yesterday at $9.5 . PBR has a 1-year high of $20.94 and a 1-year low of $4.90. The stock’s 50-day moving average is $9.26 and its 200-day moving average is $7.57.

On the ratings front, Petroleo Brasileiro has been the subject of a number of recent research reports. In a report issued on April 26, Morgan Stanley analyst Bruno Montanari downgraded PBR to Sell, with a price target of $8.50, which implies a downside of 10.5% from current levels. Separately, on April 24, Cowen’s Asit Sen maintained a Hold rating on the stock and has a price target of $11.50.

According to, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Bruno Montanari and Asit Sen have a total average return of 3.3% and -10.9% respectively. Montanari has a success rate of 71.4% and is ranked #2191 out of 3632 analysts, while Sen has a success rate of 0.0% and is ranked #3245.

Petroleo Brasileiro SA Petrobras operates as an integrated oil & gas company in Brazil. Its business is structured into segments such as Exploration & Production; Refining, Transportation & Marketing; Distribution; Gas & energi; Biofuel; & International.

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