Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) Stock Rating Upgraded by Wall Street Zen

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

Several other brokerages have also commented on PBR. Weiss Ratings restated a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research note on Monday, December 29th. UBS Group boosted their price objective on shares of Petroleo Brasileiro S.A.- Petrobras from $14.40 to $14.60 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.97.

Petroleo Brasileiro S.A.- Petrobras Trading Up 0.6%

Shares of PBR stock opened at $12.69 on Friday. The firm’s 50-day simple moving average is $12.31 and its 200-day simple moving average is $12.35. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.82 and a quick ratio of 0.57. Petroleo Brasileiro S.A.- Petrobras has a 1-year low of $11.03 and a 1-year high of $14.98. The firm has a market cap of $81.78 billion, a P/E ratio of 5.88, a PEG ratio of 0.26 and a beta of 0.51.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last issued its quarterly earnings results on Friday, November 7th. The oil and gas exploration company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.79 by $0.03. Petroleo Brasileiro S.A.- Petrobras had a net margin of 16.15% and a return on equity of 23.32%. As a group, equities analysts forecast that Petroleo Brasileiro S.A.- Petrobras will post 2.14 EPS for the current year.

Institutional Trading of Petroleo Brasileiro S.A.- Petrobras

Institutional investors have recently added to or reduced their stakes in the business. Financial Gravity Companies Inc. bought a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the 2nd quarter worth about $26,000. Geneos Wealth Management Inc. lifted its position in Petroleo Brasileiro S.A.- Petrobras by 74.9% in the second quarter. Geneos Wealth Management Inc. now owns 2,438 shares of the oil and gas exploration company’s stock worth $30,000 after purchasing an additional 1,044 shares during the period. Chung Wu Investment Group LLC acquired a new stake in Petroleo Brasileiro S.A.- Petrobras in the second quarter worth approximately $31,000. Whipplewood Advisors LLC boosted its holdings in Petroleo Brasileiro S.A.- Petrobras by 45.7% during the second quarter. Whipplewood Advisors LLC now owns 2,875 shares of the oil and gas exploration company’s stock worth $36,000 after buying an additional 902 shares in the last quarter. Finally, BNP Paribas lifted its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 241.9% during the third quarter. BNP Paribas now owns 4,240 shares of the oil and gas exploration company’s stock valued at $54,000 after purchasing an additional 3,000 shares during the last quarter.

About Petroleo Brasileiro S.A.- Petrobras

Petróleo Brasileiro SA – Petrobras is a Brazilian, state-controlled integrated oil and gas company headquartered in Rio de Janeiro. Founded in 1953, Petrobras is principally engaged in the exploration and production of crude oil and natural gas, and operates across the full value chain from upstream activities through refining, transportation and downstream marketing of petroleum products. The company is a major player in Brazil’s energy sector and is a listed public company with global capital market presence.

Petrobras’s core activities include deepwater and ultra-deepwater exploration and production, where it has been a pioneer in developing pre-salt reserves off Brazil’s coast.