Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) Receives Consensus Rating of “Moderate Buy” from Analysts

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBRGet Free Report) has been assigned a consensus rating of “Moderate Buy” from the six research firms that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $18.35.

Several equities analysts have recently issued reports on the company. Zacks Research cut Petroleo Brasileiro S.A.- Petrobras from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 28th. Jefferies Financial Group cut Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating and decreased their target price for the stock from $20.30 to $19.00 in a research note on Friday, March 13th. Wall Street Zen raised Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a report on Sunday, March 22nd. Bank of America raised Petroleo Brasileiro S.A.- Petrobras from a “neutral” rating to a “buy” rating and upped their price target for the company from $18.70 to $24.80 in a report on Friday, April 17th. Finally, The Goldman Sachs Group upped their price target on Petroleo Brasileiro S.A.- Petrobras from $13.10 to $15.00 and gave the company a “buy” rating in a report on Wednesday, February 11th.

Check Out Our Latest Report on Petroleo Brasileiro S.A.- Petrobras

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. New York State Common Retirement Fund boosted its holdings in Petroleo Brasileiro S.A.- Petrobras by 20.9% in the third quarter. New York State Common Retirement Fund now owns 2,702,467 shares of the oil and gas exploration company’s stock valued at $34,213,000 after purchasing an additional 467,737 shares in the last quarter. J. Safra Sarasin Holding AG purchased a new stake in Petroleo Brasileiro S.A.- Petrobras in the third quarter valued at approximately $1,342,000. Moran Wealth Management LLC lifted its stake in Petroleo Brasileiro S.A.- Petrobras by 18.0% in the fourth quarter. Moran Wealth Management LLC now owns 535,044 shares of the oil and gas exploration company’s stock valued at $6,340,000 after buying an additional 81,567 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its stake in Petroleo Brasileiro S.A.- Petrobras by 8.3% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 1,969,030 shares of the oil and gas exploration company’s stock valued at $24,928,000 after buying an additional 151,300 shares during the last quarter. Finally, ORG Partners LLC lifted its stake in Petroleo Brasileiro S.A.- Petrobras by 2,273.3% in the fourth quarter. ORG Partners LLC now owns 52,283 shares of the oil and gas exploration company’s stock valued at $619,000 after buying an additional 50,080 shares during the last quarter.

Petroleo Brasileiro S.A.- Petrobras Stock Performance

Shares of PBR opened at $18.73 on Wednesday. The stock has a 50-day simple moving average of $20.43 and a 200-day simple moving average of $16.35. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.49 and a current ratio of 0.74. The stock has a market capitalization of $120.67 billion, a PE ratio of 6.08, a PEG ratio of 0.75 and a beta of 0.32. Petroleo Brasileiro S.A.- Petrobras has a 1 year low of $11.03 and a 1 year high of $22.24.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBRGet Free Report) last announced its quarterly earnings data on Tuesday, March 31st. The oil and gas exploration company reported $0.96 earnings per share (EPS) for the quarter. The business had revenue of $23.54 billion during the quarter. Petroleo Brasileiro S.A.- Petrobras had a return on equity of 23.65% and a net margin of 21.67%. On average, analysts predict that Petroleo Brasileiro S.A.- Petrobras will post 4.72 earnings per share for the current fiscal year.

Petroleo Brasileiro S.A.- Petrobras Announces Dividend

The firm also recently declared a special dividend, which will be paid on Thursday, August 27th. Investors of record on Wednesday, June 3rd will be issued a $0.1426 dividend. The ex-dividend date of this dividend is Wednesday, June 3rd. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio is 10.71%.

Petroleo Brasileiro S.A.- Petrobras Company Profile

(Get Free Report)

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.

Recommended Stories

Analyst Recommendations for Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR)

Receive News & Ratings for Petroleo Brasileiro S.A.- Petrobras Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Petroleo Brasileiro S.A.- Petrobras and related companies with MarketBeat.com's FREE daily email newsletter.