Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) has earned an average rating of “Moderate Buy” from the eight analysts that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $18.24.

PBR has been the topic of a number of analyst reports. Hsbc Global Res downgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st. The Goldman Sachs Group increased their target price on Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Finally, HSBC downgraded Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research note on Monday, October 21st.

Institutional Trading of Petróleo Brasileiro S.A. – Petrobras

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Rosenberg Matthew Hamilton lifted its holdings in Petróleo Brasileiro S.A. – Petrobras by 65.4% during the third quarter. Rosenberg Matthew Hamilton now owns 2,391 shares of the oil and gas exploration company’s stock worth $34,000 after buying an additional 945 shares during the period. Sonora Investment Management Group LLC increased its position in shares of Petróleo Brasileiro S.A. – Petrobras by 6.2% in the 4th quarter. Sonora Investment Management Group LLC now owns 17,070 shares of the oil and gas exploration company’s stock valued at $220,000 after acquiring an additional 1,000 shares during the period. Ascent Group LLC increased its holdings in Petróleo Brasileiro S.A. – Petrobras by 8.2% in the 3rd quarter. Ascent Group LLC now owns 13,722 shares of the oil and gas exploration company’s stock worth $198,000 after buying an additional 1,044 shares during the period. Aprio Wealth Management LLC boosted its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 8.1% in the third quarter. Aprio Wealth Management LLC now owns 18,013 shares of the oil and gas exploration company’s stock worth $260,000 after buying an additional 1,345 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 3.3% during the 4th quarter. Principal Financial Group Inc. now owns 43,486 shares of the oil and gas exploration company’s stock worth $559,000 after purchasing an additional 1,381 shares during the period.

Petróleo Brasileiro S.A. – Petrobras Trading Up 0.7 %

Shares of PBR stock opened at $14.23 on Monday. The company has a market cap of $92.04 billion, a P/E ratio of 5.56, a PEG ratio of 0.17 and a beta of 1.41. Petróleo Brasileiro S.A. – Petrobras has a fifty-two week low of $12.55 and a fifty-two week high of $17.91. The stock has a 50 day simple moving average of $13.68 and a two-hundred day simple moving average of $14.18. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.94.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The business also recently disclosed a — dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were paid a $0.5338 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a dividend yield of 18.8%. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio (DPR) is 58.20%.

Petróleo Brasileiro S.A. – Petrobras Company Profile

Petróleo Brasileiro SA – Petrobras explores, produces, and sells oil and gas in Brazil and internationally. The company operates through three segments: Exploration and Production; Refining, Transportation and Marketing; and Gas and Power. The Exploration and Production segment explores, develops, and produces crude oil, natural gas liquids, and natural gas primarily for supplies to the domestic refineries.