Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) Receives $14.90 Consensus PT from Brokerages

Shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) have received a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $14.90.

A number of analysts have recently issued reports on PBR shares. Zacks Research lowered Petroleo Brasileiro S.A.- Petrobras from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 18th. Wall Street Zen upgraded Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research note on Monday, November 17th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a report on Monday.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Insigneo Advisory Services LLC grew its stake in Petroleo Brasileiro S.A.- Petrobras by 0.4% in the third quarter. Insigneo Advisory Services LLC now owns 210,974 shares of the oil and gas exploration company’s stock worth $2,671,000 after purchasing an additional 780 shares in the last quarter. Drum Hill Capital LLC lifted its holdings in Petroleo Brasileiro S.A.- Petrobras by 0.7% during the 3rd quarter. Drum Hill Capital LLC now owns 132,914 shares of the oil and gas exploration company’s stock worth $1,683,000 after buying an additional 866 shares during the last quarter. Whipplewood Advisors LLC grew its position in shares of Petroleo Brasileiro S.A.- Petrobras by 45.7% in the 2nd quarter. Whipplewood Advisors LLC now owns 2,875 shares of the oil and gas exploration company’s stock worth $36,000 after acquiring an additional 902 shares in the last quarter. World Investment Advisors increased its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 6.7% in the 3rd quarter. World Investment Advisors now owns 15,322 shares of the oil and gas exploration company’s stock valued at $194,000 after acquiring an additional 961 shares during the last quarter. Finally, Intrua Financial LLC increased its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 6.3% in the 1st quarter. Intrua Financial LLC now owns 16,950 shares of the oil and gas exploration company’s stock valued at $243,000 after acquiring an additional 1,000 shares during the last quarter.

Petroleo Brasileiro S.A.- Petrobras Trading Up 2.3%

NYSE PBR opened at $11.86 on Friday. The stock has a market cap of $76.40 billion, a P/E ratio of 5.49, a PEG ratio of 0.16 and a beta of 0.53. The company’s fifty day simple moving average is $12.29 and its 200-day simple moving average is $12.42. The company has a current ratio of 0.82, a quick ratio of 0.57 and a debt-to-equity ratio of 0.73. Petroleo Brasileiro S.A.- Petrobras has a 52 week low of $11.03 and a 52 week high of $14.98.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last released its quarterly earnings results on Friday, November 7th. The oil and gas exploration company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.03. Petroleo Brasileiro S.A.- Petrobras had a net margin of 16.15% and a return on equity of 23.32%. Equities research analysts predict that Petroleo Brasileiro S.A.- Petrobras will post 2.14 EPS for the current fiscal year.

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

The business also recently declared a special dividend, which will be paid on Friday, March 27th. Investors of record on Friday, December 26th will be paid a $0.0658 dividend. The ex-dividend date is Friday, December 26th. Petroleo Brasileiro S.A.- Petrobras’s payout ratio is 21.76%.

About Petroleo Brasileiro S.A.- Petrobras

Petróleo Brasileiro SA – Petrobras is a Brazilian, state-controlled integrated oil and gas company headquartered in Rio de Janeiro. Founded in 1953, Petrobras is principally engaged in the exploration and production of crude oil and natural gas, and operates across the full value chain from upstream activities through refining, transportation and downstream marketing of petroleum products. The company is a major player in Brazil’s energy sector and is a listed public company with global capital market presence.

Petrobras’s core activities include deepwater and ultra-deepwater exploration and production, where it has been a pioneer in developing pre-salt reserves off Brazil’s coast.