Skip to main content

Market Overview

2 Stories Moving Petrobras Stock

2 Stories Moving Petrobras Stock

Petroleo Brasileiro Petrobras SA (ADR) (NYSE: PBR) shares were up more than 2 percent on Tuesday after two stories are trending.

The first, in the analyst ratings world, concerns an upgrade from Bank of America, to Buy from Neutral. Others on Wall Street, like UBS, Cowen and GBM have all downgraded the stock over the past year.

Shares of the energy giant are down 40 percent since last April.

Related Link: Damodaran: How Low Can You Go? Doing The Petrobras Limbo!

The second story comes from ValueWalk, which reported on a recent strategy note from Bridgewater Associates published late last month.

“The company is vulnerable to a squeeze that puts it at a high risk of insolvency,” the firm noted, adding that “something needs to give soon."

According to ValueWalk, Bridgewater thinks a loosening commodity boom could harm borrowers in Brazil, force them to be reliant on foreign capital, and eventually put pressure on Petrobras derivatives.

There's one graphic, though, that tells the story. From the report:



Related Articles (PBR)

View Comments and Join the Discussion!

Posted-In: PetrobrasNews Events Movers Best of Benzinga

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at