Petrobras Argentina S.A. (NYSE:PZE) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.
Separately, ValuEngine cut Petrobras Argentina from a “strong-buy” rating to a “buy” rating in a report on Tuesday, May 16th.
Petrobras Argentina (PZE) traded up 0.49% on Friday, reaching $12.35. The company had a trading volume of 35,020 shares. The company has a 50-day moving average of $11.41 and a 200 day moving average of $11.25. Petrobras Argentina has a one year low of $4.66 and a one year high of $13.47. The stock’s market cap is $2.50 billion.
Several institutional investors have recently modified their holdings of the company. Comerica Bank boosted its position in shares of Petrobras Argentina by 1.5% in the first quarter. Comerica Bank now owns 11,576 shares of the oil and gas company’s stock worth $132,000 after buying an additional 172 shares during the last quarter. World Asset Management Inc boosted its position in shares of Petrobras Argentina by 0.3% in the first quarter. World Asset Management Inc now owns 12,533 shares of the oil and gas company’s stock worth $138,000 after buying an additional 34 shares during the last quarter. Private Advisory Group LLC bought a new position in shares of Petrobras Argentina during the first quarter worth about $254,000. Eqis Capital Management Inc. acquired a new stake in Petrobras Argentina during the second quarter worth approximately $266,000. Finally, Cowen Group Inc. raised its stake in Petrobras Argentina by 198.1% in the first quarter. Cowen Group Inc. now owns 162,731 shares of the oil and gas company’s stock worth $1,798,000 after buying an additional 108,138 shares during the period. 3.14% of the stock is owned by institutional investors and hedge funds.
About Petrobras Argentina
Petrobras Argentina SA, formerly Petrobras Energia SA, is an Argentina-based company primarily engaged in the petroleum refining sector. The Company’s activities are structured in four business segments: Oil and Gas Exploration and Production, including the acquisition, exploration, exploitation and maintenance of oil and gas reserves; Refining and Distribution, processing and marketing of petroleum products; Petrochemicals, comprising the production of styrene, polystyrene, bi-oriented polystyrene (BOPS) and synthetic rubber; as well as Gas and Energy, providing gas distribution, as well as fossil fuel and hydroelectric power energy generation.
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