Investors purchased shares of Petrobras (NYSE:PBR) on weakness during trading on Thursday. $252.50 million flowed into the stock on the tick-up and $154.97 million flowed out of the stock on the tick-down, for a money net flow of $97.53 million into the stock. Of all companies tracked, Petrobras had the 9th highest net in-flow for the day. Petrobras traded down ($2.33) for the day and closed at $12.78
A number of analysts have weighed in on PBR shares. Societe Generale upgraded shares of Petrobras from a “hold” rating to a “buy” rating in a research report on Wednesday, May 9th. Credit Suisse Group set a $15.00 price target on shares of Petrobras and gave the stock a “hold” rating in a report on Monday, January 29th. Goldman Sachs Group upgraded shares of Petrobras from a “sell” rating to a “neutral” rating in a report on Thursday, February 1st. Zacks Investment Research lowered shares of Petrobras from a “buy” rating to a “hold” rating in a report on Monday, February 5th. Finally, ValuEngine upgraded shares of Petrobras from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $11.88.
The firm has a market cap of $102.40 billion, a PE ratio of 18.26 and a beta of 2.40. The company has a current ratio of 1.86, a quick ratio of 1.49 and a debt-to-equity ratio of 1.17.
Petrobras (NYSE:PBR) last released its earnings results on Thursday, March 15th. The oil and gas exploration company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.02. The business had revenue of $23.57 billion for the quarter, compared to analyst estimates of $26.32 billion. Petrobras had a net margin of 0.71% and a return on equity of 5.01%. equities research analysts forecast that Petrobras will post 1.27 earnings per share for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the stock. Flow Traders U.S. LLC acquired a new position in Petrobras in the fourth quarter valued at $109,000. Quadrant Private Wealth Management LLC acquired a new position in Petrobras in the fourth quarter valued at $123,000. BB&T Securities LLC acquired a new position in Petrobras in the first quarter valued at $159,000. Marathon Trading Investment Management LLC acquired a new position in Petrobras in the fourth quarter valued at $194,000. Finally, Stuart Chaussee & Associates Inc. acquired a new position in Petrobras in the fourth quarter valued at $208,000. Institutional investors and hedge funds own 6.82% of the company’s stock.
Petrobras Company Profile
Petróleo Brasileiro SA – Petrobras operates in the oil, natural gas, and energy industries. The company's Exploration and Production segment engages in the exploration, development, and production of crude oil, natural gas liquids, and natural gas; and sale of surplus crude oil and oil products produced in the natural gas processing plants to the domestic and international markets.
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