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

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) has been assigned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $18.24.

Several equities research analysts recently commented on the stock. HSBC lowered shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research report on Monday, October 21st. JPMorgan Chase & Co. upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to an “overweight” rating and increased their price target for the company from $16.50 to $19.00 in a research report on Wednesday, September 25th. Hsbc Global Res downgraded Petróleo Brasileiro S.A. – Petrobras from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 21st. Finally, The Goldman Sachs Group increased their target price on Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the company a “buy” rating in a report on Tuesday, November 12th.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

Shares of PBR stock opened at $12.86 on Thursday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.94. The stock has a market cap of $83.87 billion, a PE ratio of 5.02, a P/E/G ratio of 0.22 and a beta of 1.41. Petróleo Brasileiro S.A. – Petrobras has a 1 year low of $12.55 and a 1 year high of $17.91. The stock has a fifty day moving average price of $13.72 and a 200 day moving average price of $14.31.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The firm also recently declared a — dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be issued a $0.5338 dividend. The ex-dividend date is Friday, December 13th. This represents a yield of 18.8%. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio (DPR) is presently 57.81%.

Institutional Investors Weigh In On Petróleo Brasileiro S.A. – Petrobras

Several hedge funds have recently made changes to their positions in the business. MAS Advisors LLC lifted its position in Petróleo Brasileiro S.A. – Petrobras by 5.0% during the second quarter. MAS Advisors LLC now owns 15,108 shares of the oil and gas exploration company’s stock worth $219,000 after buying an additional 720 shares during the period. Rosenberg Matthew Hamilton lifted its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 65.4% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 2,391 shares of the oil and gas exploration company’s stock worth $34,000 after acquiring an additional 945 shares during the period. Ascent Group LLC boosted its position in shares of Petróleo Brasileiro S.A. – Petrobras by 8.2% in the third quarter. Ascent Group LLC now owns 13,722 shares of the oil and gas exploration company’s stock worth $198,000 after acquiring an additional 1,044 shares during the last quarter. Aprio Wealth Management LLC grew its holdings in Petróleo Brasileiro S.A. – Petrobras by 8.1% in the third quarter. Aprio Wealth Management LLC now owns 18,013 shares of the oil and gas exploration company’s stock valued at $260,000 after purchasing an additional 1,345 shares during the period. Finally, D Orazio & Associates Inc. increased its position in Petróleo Brasileiro S.A. – Petrobras by 9.7% during the second quarter. D Orazio & Associates Inc. now owns 15,803 shares of the oil and gas exploration company’s stock worth $229,000 after purchasing an additional 1,396 shares during the last quarter.

Petróleo Brasileiro S.A. – Petrobras Company Profile

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.