Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) Stock Price Expected to Rise, UBS Group Analyst Says

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) had its target price hoisted by analysts at UBS Group from $22.00 to $23.00 in a report issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the oil and gas exploration company’s stock. UBS Group’s price objective would indicate a potential upside of 10.92% from the company’s previous close.

A number of other research analysts have also recently issued reports on PBR. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a report on Friday, August 7th. Zacks Research upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “strong sell” rating to a “hold” rating in a research report on Monday, August 31st. Finally, JPMorgan Chase & Co. boosted their target price on shares of Petroleo Brasileiro S.A.- Petrobras from $23.00 to $24.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 1st. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Petroleo Brasileiro S.A.- Petrobras has a consensus rating of “Moderate Buy” and a consensus target price of $21.16.

Petroleo Brasileiro S.A.- Petrobras Price Performance

Petroleo Brasileiro S.A.- Petrobras stock opened at $20.73 on Wednesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.85. The firm has a market cap of $133.62 billion, a P/E ratio of 5.24, a P/E/G ratio of 0.81 and a beta of 0.32. The business’s fifty day moving average is $19.18 and its two-hundred day moving average is $19.14. Petroleo Brasileiro S.A.- Petrobras has a 52 week low of $11.43 and a 52 week high of $22.24.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PBR. Inspire Investing LLC increased its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 8.8% in the 1st quarter. Inspire Investing LLC now owns 7,062 shares of the oil and gas exploration company’s stock valued at $147,000 after purchasing an additional 574 shares during the last quarter. Checchi Capital Advisers LLC raised its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 3.0% during the 1st quarter. Checchi Capital Advisers LLC now owns 24,130 shares of the oil and gas exploration company’s stock worth $501,000 after buying an additional 696 shares in the last quarter. Drum Hill Capital LLC lifted its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 0.5% in the first quarter. Drum Hill Capital LLC now owns 132,360 shares of the oil and gas exploration company’s stock worth $2,746,000 after acquiring an additional 714 shares during the last quarter. Ascent Group LLC boosted its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 5.9% in the 2nd quarter. Ascent Group LLC now owns 15,689 shares of the oil and gas exploration company’s stock valued at $254,000 after purchasing an additional 868 shares in the last quarter. Finally, McIlrath & Eck LLC grew its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 8.7% during the 1st quarter. McIlrath & Eck LLC now owns 12,267 shares of the oil and gas exploration company’s stock valued at $255,000 after purchasing an additional 980 shares during the last quarter.

About Petroleo Brasileiro S.A.- Petrobras

Petroleo Brasileiro SA, commonly known as Petrobras, is a Brazilian state-controlled, integrated energy company engaged in the exploration, development, production, refining, transportation and marketing of oil and natural gas. The company also produces and sells fuels, lubricants, petrochemical products and other petroleum-derived products.

Petrobras is particularly known for its deepwater and ultra-deepwater operations, including large-scale development of Brazil’s offshore pre-salt oil fields.