Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) from a hold rating to a buy rating in a research note released on Wednesday.

A number of other research analysts also recently issued reports on PBR. Hsbc Global Res upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. HSBC upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Wednesday, March 5th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $17.81.

Petróleo Brasileiro S.A. – Petrobras Stock Down 0.6%

Shares of NYSE PBR opened at $12.12 on Wednesday. The firm’s 50-day simple moving average is $12.47 and its 200 day simple moving average is $13.31. The company has a market cap of $78.11 billion, a price-to-earnings ratio of 4.73, a price-to-earnings-growth ratio of 0.18 and a beta of 0.87. The company has a quick ratio of 0.71, a current ratio of 0.94 and a debt-to-equity ratio of 0.65. Petróleo Brasileiro S.A. – Petrobras has a 12-month low of $11.03 and a 12-month high of $15.73.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The firm also recently declared a — dividend, which will be paid on Friday, June 27th. Stockholders of record on Tuesday, April 22nd will be paid a dividend of $0.2403 per share. The ex-dividend date is Tuesday, April 22nd. This represents a dividend yield of 19%. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio is currently 78.36%.

Hedge Funds Weigh In On Petróleo Brasileiro S.A. – Petrobras

Hedge funds have recently made changes to their positions in the business. Ethos Financial Group LLC bought a new position in shares of Petróleo Brasileiro S.A. – Petrobras during the 4th quarter worth approximately $25,000. Financial Gravity Asset Management Inc. bought a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the first quarter valued at $29,000. Wayfinding Financial LLC bought a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the first quarter valued at $32,000. Wealth Preservation Advisors LLC bought a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the first quarter valued at $34,000. Finally, Tandem Financial LLC bought a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the fourth quarter valued at $39,000.

About Petróleo Brasileiro S.A. – Petrobras

Petróleo Brasileiro SA – Petrobras explores, produces, and sells oil and gas in Brazil and internationally. The company operates through three segments: Exploration and Production; Refining, Transportation and Marketing; and Gas and Power. The Exploration and Production segment explores, develops, and produces crude oil, natural gas liquids, and natural gas primarily for supplies to the domestic refineries.