Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR – Get Free Report) was the recipient of some unusual options trading activity on Tuesday. Investors bought 136,877 put options on the company. This is an increase of 122% compared to the average volume of 61,650 put options.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on PBR shares. 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. JPMorgan Chase & Co. lifted 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 note on Tuesday, September 1st. UBS Group boosted their price target on shares of Petroleo Brasileiro S.A.- Petrobras from $22.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, September 23rd. Zacks Research raised shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 30th. Finally, Wall Street Zen raised shares of Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 31st. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Petroleo Brasileiro S.A.- Petrobras currently has a consensus rating of “Buy” and an average target price of $20.97.
Check Out Our Latest Stock Analysis on Petroleo Brasileiro S.A.- Petrobras
Institutional Trading of Petroleo Brasileiro S.A.- Petrobras
A number of institutional investors have recently added to or reduced their stakes in PBR. Advisors Asset Management Inc. acquired a new stake in shares of Petroleo Brasileiro S.A.- Petrobras in the 3rd quarter valued at $2,499,000. Composition Wealth LLC raised its holdings in Petroleo Brasileiro S.A.- Petrobras by 45.1% during the third quarter. Composition Wealth LLC now owns 19,049 shares of the oil and gas exploration company’s stock valued at $398,000 after buying an additional 5,921 shares in the last quarter. Edgestream Partners L.P. bought a new position in Petroleo Brasileiro S.A.- Petrobras during the third quarter valued at about $393,000. Teachers Retirement System of The State of Kentucky raised its holdings in Petroleo Brasileiro S.A.- Petrobras by 10.0% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 1,779,030 shares of the oil and gas exploration company’s stock valued at $37,129,000 after buying an additional 161,000 shares in the last quarter. Finally, Western Wealth Management LLC acquired a new stake in shares of Petroleo Brasileiro S.A.- Petrobras in the third quarter worth about $205,000.
Petroleo Brasileiro S.A.- Petrobras Trading Down 2.6%
NYSE:PBR opened at $17.80 on Thursday. The stock’s 50 day moving average price is $22.06 and its 200 day moving average price is $19.29. Petroleo Brasileiro S.A.- Petrobras has a 52 week low of $11.43 and a 52 week high of $26.39. The company has a market capitalization of $114.74 billion, a P/E ratio of 4.22, a P/E/G ratio of 0.37 and a beta of 0.33. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.85.
About Petroleo Brasileiro S.A.- Petrobras
Petróleo Brasileiro S.A., known as Petrobras, is an integrated energy company headquartered in Rio de Janeiro, Brazil. Founded in 1953, it is controlled by the Brazilian government and has publicly traded shares, including American depositary shares listed in the United States. Petrobras’s core business is exploring for and producing oil and natural gas, with a significant focus on offshore and deepwater fields, including Brazil’s pre-salt basins. The company also operates in refining, transportation, and the sale of oil, fuels, natural gas, and related energy products.
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