Wall Street Zen upgraded shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR – Free Report) from a buy rating to a strong-buy rating in a report released on Saturday,Wall Street Zen reports.
Other equities research analysts also recently issued reports about the company. UBS Group boosted their price target on Petroleo Brasileiro S.A.- Petrobras from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, September 23rd. Zacks Research upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “strong sell” rating to a “hold” rating in a research note on Monday, August 31st. Weiss Ratings upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 9th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Petroleo Brasileiro S.A.- Petrobras from $23.00 to $24.00 and gave the company an “overweight” rating in a research report on Tuesday, September 1st. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $20.97.
View Our Latest Analysis on PBR
Petroleo Brasileiro S.A.- Petrobras Trading Up 0.7%
Petroleo Brasileiro S.A.- Petrobras stock opened at $22.06 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.85 and a quick ratio of 0.58. Petroleo Brasileiro S.A.- Petrobras has a one year low of $11.43 and a one year high of $26.39. The stock has a market capitalization of $142.16 billion, a PE ratio of 5.57, a price-to-earnings-growth ratio of 1.97 and a beta of 0.29. The business’s fifty day moving average is $21.98 and its 200 day moving average is $19.04.
Petroleo Brasileiro S.A.- Petrobras Dividend Announcement
The firm also recently declared a special dividend, which will be paid on Tuesday, December 1st. Investors of record on Tuesday, August 25th will be given a $0.2649 dividend. The ex-dividend date is Tuesday, August 25th. Petroleo Brasileiro S.A.- Petrobras’s payout ratio is currently 10.86%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ameritas Advisory Services LLC acquired a new position in shares of Petroleo Brasileiro S.A.- Petrobras during the 2nd quarter worth about $31,000. Ascentis Independent Advisors purchased a new position in Petroleo Brasileiro S.A.- Petrobras in the 1st quarter valued at about $51,000. Harbor Investment Advisory LLC purchased a new position in Petroleo Brasileiro S.A.- Petrobras in the 1st quarter valued at about $54,000. NFSG Corp boosted its holdings in Petroleo Brasileiro S.A.- Petrobras by 153.8% in the 3rd quarter. NFSG Corp now owns 4,125 shares of the oil and gas exploration company’s stock worth $86,000 after buying an additional 2,500 shares during the last quarter. Finally, GK Wealth Management LLC acquired a new stake in Petroleo Brasileiro S.A.- Petrobras in the 3rd quarter worth about $97,000.
Petroleo Brasileiro S.A.- Petrobras Company Profile
Petróleo Brasileiro SA — Petrobras is a Brazilian state-controlled, integrated energy company engaged in the exploration, development, production, refining, transportation and marketing of oil and natural gas. Founded in 1953, the company plays a central role in Brazil’s energy sector and is headquartered in Rio de Janeiro.
Petrobras produces crude oil and natural gas, with a major focus on Brazil’s deepwater and pre-salt offshore fields. Its operations also include refining and selling petroleum products such as gasoline, diesel, aviation fuel, liquefied petroleum gas and other petrochemicals.
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