Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) Stock Rating Upgraded by Wall Street Zen

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

A number of other research firms also recently issued reports on PBR. Weiss Ratings reiterated a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a report on Wednesday, October 8th. UBS Group lowered their target price on shares of Petroleo Brasileiro S.A.- Petrobras from $15.80 to $14.40 and set a “buy” rating on the stock in a report on Friday, August 22nd. Finally, Zacks Research downgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $15.43.

Petroleo Brasileiro S.A.- Petrobras Price Performance

NYSE PBR opened at $11.61 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.72 and a debt-to-equity ratio of 0.76. Petroleo Brasileiro S.A.- Petrobras has a 12-month low of $11.03 and a 12-month high of $15.10. The company has a market capitalization of $74.79 billion, a PE ratio of 5.42 and a beta of 0.86. The firm’s 50 day moving average is $12.47 and its 200-day moving average is $12.30.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last posted its quarterly earnings data on Friday, August 8th. The oil and gas exploration company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.06). Petroleo Brasileiro S.A.- Petrobras had a net margin of 15.99% and a return on equity of 34.11%. The business had revenue of $21.04 billion during the quarter, compared to analyst estimates of $20.78 billion. Equities research analysts anticipate that Petroleo Brasileiro S.A.- Petrobras will post 2.14 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Petroleo Brasileiro S.A.- Petrobras

Institutional investors and hedge funds have recently modified their holdings of the stock. TrueMark Investments LLC acquired a new position in shares of Petroleo Brasileiro S.A.- Petrobras in the first quarter valued at $2,678,000. Salem Investment Counselors Inc. increased its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 8.4% in the second quarter. Salem Investment Counselors Inc. now owns 564,661 shares of the oil and gas exploration company’s stock valued at $7,065,000 after purchasing an additional 43,750 shares during the last quarter. New York State Common Retirement Fund acquired a new position in shares of Petroleo Brasileiro S.A.- Petrobras in the first quarter valued at $29,984,000. Banco Santander S.A. increased its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 15.2% in the first quarter. Banco Santander S.A. now owns 155,244 shares of the oil and gas exploration company’s stock valued at $2,226,000 after purchasing an additional 20,462 shares during the last quarter. Finally, Kingstone Capital Partners Texas LLC acquired a new position in shares of Petroleo Brasileiro S.A.- Petrobras in the second quarter valued at $148,086,000.

About Petroleo 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.