Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) have received a consensus rating of “Moderate Buy” from the seven ratings firms that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $19.48.

A number of research firms recently weighed in on PBR. Zacks Research raised Petroleo Brasileiro S.A.- Petrobras from a “strong sell” rating to a “hold” rating in a research report on Monday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a report on Friday, August 7th. Finally, JPMorgan Chase & Co. raised their price objective on Petroleo Brasileiro S.A.- Petrobras from $23.00 to $24.00 and gave the stock an “overweight” rating in a research report on Tuesday.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. Clearstead Advisors LLC lifted its holdings 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 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 acquiring an additional 1,044 shares during the period. Ameritas Advisory Services LLC acquired a new position in Petroleo Brasileiro S.A.- Petrobras in the second quarter worth about $31,000. Ascentis Independent Advisors acquired a new stake in Petroleo Brasileiro S.A.- Petrobras during the first quarter valued at approximately $51,000. Finally, Harbor Investment Advisory LLC acquired a new stake in Petroleo Brasileiro S.A.- Petrobras during the first quarter valued at approximately $54,000.

Petroleo Brasileiro S.A.- Petrobras Trading Down 1.5%

Shares of NYSE:PBR opened at $20.54 on Friday. Petroleo Brasileiro S.A.- Petrobras has a 52-week low of $11.43 and a 52-week high of $22.24. 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 company has a market cap of $132.37 billion, a P/E ratio of 5.19, a P/E/G ratio of 0.82 and a beta of 0.32. The stock’s 50-day moving average is $18.09 and its 200-day moving average is $18.71.

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

The company also recently announced a special dividend, which will be paid on Tuesday, December 1st. Investors of record on Tuesday, August 25th will be given a $0.2649 dividend. The ex-dividend date of this dividend is Tuesday, August 25th. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio (DPR) is 10.86%.

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.