Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) Stock Price Up 5.9% – Here’s What Happened

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBRGet Free Report) shares rose 5.9% during trading on Friday . The company traded as high as $17.83 and last traded at $17.72. Approximately 22,630,253 shares traded hands during trading, a decline of 13% from the average daily volume of 25,882,436 shares. The stock had previously closed at $16.73.

Petroleo Brasileiro S.A.- Petrobras News Summary

Here are the key news stories impacting Petroleo Brasileiro S.A.- Petrobras this week:

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on PBR. The Goldman Sachs Group lifted their price objective on Petroleo Brasileiro S.A.- Petrobras from $13.10 to $15.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Weiss Ratings reissued a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research note on Monday, December 29th. Wall Street Zen raised shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research note on Saturday, January 17th. Finally, UBS Group raised their price target on Petroleo Brasileiro S.A.- Petrobras from $14.40 to $14.60 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $14.97.

Read Our Latest Report on PBR

Petroleo Brasileiro S.A.- Petrobras Stock Performance

The stock’s fifty day moving average price is $14.27 and its two-hundred day moving average price is $13.01. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.57 and a current ratio of 0.82. The company has a market cap of $113.29 billion, a P/E ratio of 8.14, a P/E/G ratio of 0.29 and a beta of 0.51.

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

The business also recently announced a special dividend, which will be paid on Friday, March 27th. Investors of record on Friday, December 26th will be given a dividend of $0.0658 per share. The ex-dividend date of this dividend is Friday, December 26th. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio (DPR) is currently 18.52%.

Institutional Trading of Petroleo Brasileiro S.A.- Petrobras

Institutional investors have recently bought and sold shares of the company. Financial Gravity Companies Inc. acquired a new stake in Petroleo Brasileiro S.A.- Petrobras in the second quarter valued at approximately $26,000. GHP Investment Advisors Inc. purchased a new position in Petroleo Brasileiro S.A.- Petrobras in the fourth quarter valued at approximately $26,000. Clearstead Advisors LLC grew its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 273.4% during the 4th quarter. Clearstead Advisors LLC now owns 2,330 shares of the oil and gas exploration company’s stock worth $28,000 after acquiring an additional 1,706 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of 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 in the last quarter. Finally, Bayforest Capital Ltd bought a new stake in Petroleo Brasileiro S.A.- Petrobras during the 4th quarter valued at $39,000.

Petroleo Brasileiro S.A.- Petrobras Company Profile

(Get Free Report)

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.

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