Brokerages Set Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) PT at $14.90

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) has earned an average recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $14.90.

PBR has been the subject of several research reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a report on Wednesday, October 8th. Zacks Research lowered Petroleo Brasileiro S.A.- Petrobras from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 18th. UBS Group decreased their price objective on Petroleo Brasileiro S.A.- Petrobras from $15.80 to $14.40 and set a “buy” rating for the company in a report on Friday, August 22nd. Finally, Wall Street Zen upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research report on Monday, November 17th.

Petroleo Brasileiro S.A.- Petrobras Trading Down 5.9%

Shares of Petroleo Brasileiro S.A.- Petrobras stock opened at $12.12 on Wednesday. The company has a current ratio of 0.82, a quick ratio of 0.57 and a debt-to-equity ratio of 0.73. The company has a fifty day simple moving average of $12.33 and a 200-day simple moving average of $12.39. The stock has a market cap of $78.11 billion, a price-to-earnings ratio of 5.61 and a beta of 0.53. Petroleo Brasileiro S.A.- Petrobras has a 12-month low of $11.03 and a 12-month high of $14.98.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last announced its quarterly earnings results on Thursday, November 6th. The oil and gas exploration company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.03. The firm had revenue of $23.48 billion during the quarter, compared to analysts’ expectations of $125.50 billion. Petroleo Brasileiro S.A.- Petrobras had a net margin of 16.15% and a return on equity of 23.32%. On average, equities analysts forecast that Petroleo Brasileiro S.A.- Petrobras will post 2.14 EPS for the current fiscal year.

Petroleo Brasileiro S.A.- Petrobras Announces Dividend

The firm also recently disclosed a special dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, December 26th will be given a dividend of $0.1773 per share. The ex-dividend date of this dividend is Friday, December 26th. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio (DPR) is presently 47.69%.

Institutional Investors Weigh In On Petroleo Brasileiro S.A.- Petrobras

Several hedge funds have recently made changes to their positions in PBR. Insigneo Advisory Services LLC increased its stake in Petroleo Brasileiro S.A.- Petrobras by 0.4% in the 3rd quarter. Insigneo Advisory Services LLC now owns 210,974 shares of the oil and gas exploration company’s stock valued at $2,671,000 after purchasing an additional 780 shares in the last quarter. Drum Hill Capital LLC boosted its position in Petroleo Brasileiro S.A.- Petrobras by 0.7% during the third quarter. Drum Hill Capital LLC now owns 132,914 shares of the oil and gas exploration company’s stock worth $1,683,000 after purchasing an additional 866 shares in the last quarter. Whipplewood Advisors LLC grew its holdings in Petroleo Brasileiro S.A.- Petrobras by 45.7% in the second quarter. Whipplewood Advisors LLC now owns 2,875 shares of the oil and gas exploration company’s stock valued at $36,000 after purchasing an additional 902 shares during the last quarter. World Investment Advisors increased its position in shares of Petroleo Brasileiro S.A.- Petrobras by 6.7% in the third quarter. World Investment Advisors now owns 15,322 shares of the oil and gas exploration company’s stock valued at $194,000 after buying an additional 961 shares in the last quarter. Finally, Intrua Financial LLC increased its position in shares of Petroleo Brasileiro S.A.- Petrobras by 6.3% in the first quarter. Intrua Financial LLC now owns 16,950 shares of the oil and gas exploration company’s stock valued at $243,000 after buying an additional 1,000 shares in the last quarter.

Petroleo 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.