HSBC upgraded shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR – Free Report) from a hold rating to a buy rating in a research report sent to investors on Monday morning, Marketbeat reports. The firm currently has $18.00 target price on the oil and gas exploration company’s stock.
A number of other equities analysts also recently commented on PBR. Bank of America downgraded shares of Petróleo Brasileiro S.A. – Petrobras from a buy rating to a neutral rating and set a $16.00 price objective for the company. in a research note on Friday, March 8th. Morgan Stanley downgraded shares of Petróleo Brasileiro S.A. – Petrobras from an overweight rating to an equal weight rating and reduced their price objective for the stock from $20.00 to $18.00 in a research note on Monday, March 11th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of $16.76.
Get Our Latest Stock Analysis on PBR
Petróleo Brasileiro S.A. – Petrobras Stock Performance
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 83.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,577 shares of the oil and gas exploration company’s stock worth $30,000 after purchasing an additional 1,169 shares during the period. Householder Group Estate & Retirement Specialist LLC bought a new position in shares of Petróleo Brasileiro S.A. – Petrobras during the third quarter worth approximately $41,000. Janiczek Wealth Management LLC increased its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 49.9% during the third quarter. Janiczek Wealth Management LLC now owns 2,756 shares of the oil and gas exploration company’s stock worth $41,000 after purchasing an additional 918 shares during the period. Harbour Investments Inc. bought a new position in shares of Petróleo Brasileiro S.A. – Petrobras during the first quarter worth approximately $29,000. Finally, Sound Income Strategies LLC bought a new position in Petróleo Brasileiro S.A. – Petrobras in the fourth quarter valued at approximately $45,000.
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 Exploration and Production; Refining, Transportation and Marketing; and Gas and Power. It also engages in prospecting, drilling, refining, processing, trading, and transporting crude oil from producing onshore and offshore oil fields, and shale or other rocks, as well as oil products, natural gas, and other liquid hydrocarbons.
Read More
- Five stocks we like better than Petróleo Brasileiro S.A. – Petrobras
- How to Use the MarketBeat Stock Screener
- 3 Value Stocks Too Small For Buffett’s Portfolio
- What is Short Interest? How to Use It
- Foot Locker Builds Up Another Head of Steam; Gains Imminent
- What is a Death Cross in Stocks?
- Disney Stock Catches 3 Upgrades In a Single Week
Receive News & Ratings for Petróleo Brasileiro S.A. - Petrobras Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Petróleo Brasileiro S.A. - Petrobras and related companies with MarketBeat.com's FREE daily email newsletter.