Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Receives $17.47 Average Target Price from Brokerages

Shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) have received a consensus rating of “Buy” from the eight analysts that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $17.47.

PBR has been the topic of several research analyst reports. Bank of America lowered Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “neutral” rating in a research note on Monday, June 9th. Jefferies Financial Group upgraded Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.30 target price on the stock in a report on Thursday, May 15th. Hsbc Global Res upgraded Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. HSBC upgraded 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 report on Wednesday, March 5th. Finally, Wall Street Zen upgraded Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating in a report on Wednesday, May 14th.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

NYSE PBR opened at $12.72 on Wednesday. The firm has a market capitalization of $81.94 billion, a P/E ratio of 4.97, a P/E/G ratio of 0.18 and a beta of 0.84. Petróleo Brasileiro S.A. – Petrobras has a 1-year low of $11.03 and a 1-year high of $15.73. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.94 and a quick ratio of 0.71. The business’s 50-day simple moving average is $11.67 and its 200-day simple moving average is $12.98.

Petróleo Brasileiro S.A. – Petrobras Increases Dividend

The firm also recently disclosed a — dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Wednesday, June 4th will be issued a dividend of $0.2806 per share. The ex-dividend date of this dividend is Wednesday, June 4th. This is an increase from Petróleo Brasileiro S.A. – Petrobras’s previous — dividend of $0.24. This represents a yield of 17.6%. Petróleo Brasileiro S.A. – Petrobras’s payout ratio is currently 86.57%.

Institutional Investors Weigh In On Petróleo Brasileiro S.A. – Petrobras

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Ethos Financial Group LLC acquired a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the 4th quarter worth approximately $25,000. Financial Gravity Asset Management Inc. acquired a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the 1st quarter worth approximately $29,000. Wayfinding Financial LLC acquired a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the 1st quarter worth approximately $32,000. Wealth Preservation Advisors LLC acquired a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the 1st quarter worth approximately $34,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the 4th quarter worth approximately $40,000.

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.