Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Upgraded at Hsbc Global Res

Hsbc Global Res upgraded shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) from a hold rating to a strong-buy rating in a report issued on Wednesday,Zacks.com reports.

PBR has been the topic of several other reports. The Goldman Sachs Group boosted their price target on Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. StockNews.com lowered Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd. Finally, HSBC raised Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $17.81.

Petróleo Brasileiro S.A. – Petrobras Stock Up 0.9 %

Shares of NYSE:PBR opened at $12.97 on Wednesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.94. Petróleo Brasileiro S.A. – Petrobras has a 1 year low of $12.55 and a 1 year high of $17.44. The stock has a market capitalization of $83.55 billion, a P/E ratio of 5.06, a PEG ratio of 0.18 and a beta of 1.39. The stock has a 50-day simple moving average of $13.74 and a 200-day simple moving average of $14.08.

Hedge Funds Weigh In On Petróleo Brasileiro S.A. – Petrobras

A number of institutional investors have recently made changes to their positions in the business. Comprehensive Money Management Services LLC acquired a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the 4th quarter valued at approximately $256,000. University of Texas Texas AM Investment Management Co. increased its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 51.3% in the 4th quarter. University of Texas Texas AM Investment Management Co. now owns 191,051 shares of the oil and gas exploration company’s stock valued at $2,457,000 after acquiring an additional 64,759 shares during the last quarter. Sunbelt Securities Inc. increased its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 67.0% in the 4th quarter. Sunbelt Securities Inc. now owns 10,031 shares of the oil and gas exploration company’s stock valued at $128,000 after acquiring an additional 4,026 shares during the last quarter. GTS Securities LLC bought a new stake in shares of Petróleo Brasileiro S.A. – Petrobras in the 4th quarter valued at approximately $281,000. Finally, Vise Technologies Inc. increased its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 5.1% in the 4th quarter. Vise Technologies Inc. now owns 33,916 shares of the oil and gas exploration company’s stock valued at $436,000 after acquiring an additional 1,633 shares during the last quarter.

About Petróleo Brasileiro S.A. – Petrobras

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.