Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) have been assigned a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $19.28.

A number of analysts have commented on the stock. JPMorgan Chase & Co. cut their price target on shares of Petroleo Brasileiro S.A.- Petrobras from $24.00 to $23.00 and set an “overweight” rating for the company in a research note on Wednesday, June 3rd. Bank of America upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $18.70 to $24.80 in a research note on Friday, April 17th. Zacks Research cut shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 7th. Finally, Weiss Ratings upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, May 12th.

Petroleo Brasileiro S.A.- Petrobras Trading Up 2.0%

Shares of Petroleo Brasileiro S.A.- Petrobras stock opened at $18.91 on Thursday. Petroleo Brasileiro S.A.- Petrobras has a 12-month low of $11.43 and a 12-month high of $22.24. The stock has a market cap of $121.83 billion, a P/E ratio of 6.14, a P/E/G ratio of 0.82 and a beta of 0.33. The company has a quick ratio of 0.49, a current ratio of 0.74 and a debt-to-equity ratio of 0.68. The business’s 50 day moving average is $17.92 and its 200-day moving average is $17.64.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last released its earnings results on Tuesday, March 31st. The oil and gas exploration company reported $0.96 earnings per share for the quarter. The business had revenue of $23.54 billion during the quarter. Petroleo Brasileiro S.A.- Petrobras had a net margin of 21.67% and a return on equity of 23.65%. Equities research analysts predict that Petroleo Brasileiro S.A.- Petrobras will post 4.28 earnings per share for the current fiscal year.

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Thursday, August 27th. Shareholders of record on Wednesday, June 3rd will be paid a $0.1426 dividend. The ex-dividend date is Wednesday, June 3rd. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio is currently 11.04%.

Institutional Trading of Petroleo Brasileiro S.A.- Petrobras

A number of hedge funds have recently made changes to their positions in PBR. GHP Investment Advisors Inc. bought a new stake in Petroleo Brasileiro S.A.- Petrobras in the 4th quarter valued at $26,000. Clearstead Advisors LLC boosted its position in Petroleo Brasileiro S.A.- Petrobras by 273.4% during the fourth quarter. Clearstead Advisors LLC now owns 2,330 shares of the oil and gas exploration company’s stock worth $28,000 after purchasing an additional 1,706 shares during the period. Geneos Wealth Management Inc. increased its holdings 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 valued at $30,000 after purchasing an additional 1,044 shares during the last quarter. Ascentis Independent Advisors acquired a new position in shares of Petroleo Brasileiro S.A.- Petrobras in the first quarter valued at $51,000. Finally, Harbor Investment Advisory LLC bought a new position in shares of Petroleo Brasileiro S.A.- Petrobras in the first quarter valued at about $54,000.

Petroleo Brasileiro S.A.- Petrobras Company Profile

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.