Thursday's ETF with Unusual Volume: CCNR
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 26 2024
0mins
Source: NASDAQ.COM
ETF Performance Highlights: The ALPS CoreCommodity Natural Resources ETF saw significant trading volume on Thursday, with Occidental Petroleum and Petroleo Brasileiro showing slight gains, while Beyond Meat experienced a notable increase of 6.6%.
Market Trends: Nabors Industries underperformed compared to other components of the ETF, declining by about 2.7% during the session.
Analyst Views on PBR
Wall Street analysts forecast PBR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PBR is 15.15 USD with a low forecast of 13.30 USD and a high forecast of 17.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 13.510
Low
13.30
Averages
15.15
High
17.00
Current: 13.510
Low
13.30
Averages
15.15
High
17.00
About PBR
Petroleo Brasileiro SA Petrobras is a Brazil-based company. The Company 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 (exploration, development, and production of crude oil, natural gas liquids, and natural gas); Refining, Transportation, and Marketing (refining, logistics, transport, trading of oil products, ethanol export, shale processing); Gas and Power (transportation and trading of natural and imported gas); Biofuels (production of biodiesel and ethanol); Distribution (fuel distribution); and Corporate (administrative and support functions).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
