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PBR

Petrobras

$16.27

-0.135 (-0.82%)

14:05
11/04/19
11/04
14:05
11/04/19
14:05

Petrobras call volume above normal and directionally bullish

Bullish option flow detected in Petrobras with 37,714 calls trading, 1.5x expected, and implied vol increasing over 3 points to 37.78%. 11/8 weekly 16 puts and Nov-19 16.5 calls are the most active options, with total volume in those strikes near 18,400 contracts. The Put/Call Ratio is 0.64. Earnings are expected on February 27th.

PBR Petrobras
$16.27

-0.135 (-0.82%)

07/08/19
SBSH
07/08/19
NO CHANGE
Target $23
SBSH
Buy
Petrobras price target raised to $23 from $20.20 at Citi
Citi analyst Pedro Medeiros raised his price target Friday afternoon on Petrobras shares to $23 from $20.20 and kept a Buy rating on the shares. The analyst believes Petrobras can expand domestic oil production by ~25% in the second half of 2019. He forecasts the stock offers ~17.5% free cash flow to equity yield by 2020.
07/11/19
GSCO
07/11/19
INITIATION
Target $19.7
GSCO
Buy
Petrobras initiated with a Buy at Goldman Sachs
Goldman Sachs started Petrobras with a Buy rating and $19.70 price target. The company's improving returns and free cash flow are not fully priced in at current share levels, Goldman says.
07/11/19
07/11/19
INITIATION
Target $21.6

Buy
Petrobras initiated with a Buy at Goldman Sachs
As previously reported, Goldman Sachs analyst Bruno Amorim started Petrobras with a Buy rating and a price target of $21.60, saying the company is in the process of transitioning from a "turnaround" story to one of growth and cash generation. The analyst adds that "after a decade" of disappointing on production growth forecasts, Petrobras is positioned to expand its production volume by about 9% per year in the 2018-2020 period. Amorim further believes that investors will respond well to the management's efforts in selling non-core assets to reduce leverage and invest the proceeds in the offshore Santos Basin.
07/11/19
07/11/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Microsoft (MSFT) initiated with an Outperform at Cowen. 2. Petrobras (PBR) initiated with a Buy at Goldman Sachs. 3. Navidea (NAVB) initiated with a Buy at Maxim. 4. Immunic (IMUX) initiated with a Buy at Chardan. 5. Target (TGT) was initiated with a Conviction Buy at Goldman Sachs, while Walmart (WMT), Home Depot (HD), Lowe's (LOW), and Costco (COST) were initiated with a Buy, and Bed Bath & Beyond (BBBY) was initiated with a Sell. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

PTLA

Portola Pharmaceuticals

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-0.74 (-2.53%)

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ARQL

ArQule

$19.72

10.045 (103.88%)

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TOL

Toll Brothers

$41.50

0.62 (1.52%)

15:19
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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

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$NYE

NYSE Market Internals

$0.00

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DISH

Dish

$33.53

-0.06 (-0.18%)

15:15
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Options
Dish put volume heavy and directionally bearish »

Bearish flow noted in…

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MGNX

MacroGenics

$9.87

0.19 (1.96%)

15:09
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  • 09

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MDB

MongoDB

$131.13

-0.09 (-0.07%)

15:04
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Options
MongoDB options imply 14.8% move in share price post-earnings »

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  • 09

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IMGN

ImmunoGen

$4.06

0.195 (5.05%)

15:03
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ImmunoGen presents updated findings from Phase 1 study of IMGN632 at ASH meeting »

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15:00
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General news
U.S.-China trade/tariff uncertainty is still present »

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NVS

Novartis

$92.68

0.6 (0.65%)

14:53
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  • 09

    Dec

GILD

Gilead

$67.11

0.02 (0.03%)

14:51
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GMDA

Gamida Cell

$5.10

0.01 (0.20%)

14:49
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SFIX

Stitch Fix

$25.05

0.92 (3.81%)

14:49
12/09/19
12/09
14:49
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14:49
Options
Stitch Fix options imply 24.0% move in share price post-earnings »

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  • 09

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GILD

Gilead

$67.08

-0.01 (-0.01%)

14:47
12/09/19
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14:47
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Gilead's Kite announces findings from ongoing post-marketing study of Yescarta »

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NUAN

Nuance

$17.55

-0.34 (-1.90%)

14:45
12/09/19
12/09
14:45
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Options
Nuance call volume above normal and directionally bullish »

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  • 10

    Dec

GS

Goldman Sachs

$222.17

-2.4 (-1.07%)

, SFTBF

SoftBank

$0.00

(0.00%)

14:41
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14:41
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Periodicals
SoftBank taps Goldman for $1.75B financing to help revive WeWork, Bloomberg says »

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GS

Goldman Sachs

$222.17

-2.4 (-1.07%)

SFTBF

SoftBank

$0.00

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WE

We Company

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CBL

CBL & Associates

$1.12

-0.025 (-2.18%)

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  • 07

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14:25
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Options
Berkshire Hathaway call volume above normal and directionally bullish »

Bullish option flow…

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

14:17
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NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

14:16
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Technical Analysis
NYSE market internals summary »

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14:15
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General news
Treasury Action: yields are little changed »

Treasury Action: yields…

VWAGY

Volkswagen

$0.00

(0.00%)

14:08
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MRK

Merck

$88.77

-0.07 (-0.08%)

, ARQL

ArQule

$19.70

10.03 (103.72%)

14:07
12/09/19
12/09
14:07
12/09/19
14:07
Downgrade
Merck, ArQule rating change  »

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MRK

Merck

$88.77

-0.07 (-0.08%)

ARQL

ArQule

$19.70

10.03 (103.72%)

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OGI

Organigram

$2.66

0.065 (2.50%)

14:06
12/09/19
12/09
14:06
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14:06
Conference/Events
Organigram management to meet with Cantor Fitzgerald »

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