Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Raised to Strong-Buy at Hsbc Global Res

Hsbc Global Res upgraded shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) from a hold rating to a strong-buy rating in a report issued on Wednesday morning,Zacks.com reports.

PBR has been the subject of a number of other research reports. StockNews.com downgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a report on Monday. The Goldman Sachs Group raised their target price on shares of Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Finally, HSBC upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Wednesday. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $17.81.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

Shares of PBR opened at $12.95 on Wednesday. The company has a 50-day simple moving average of $13.74 and a 200-day simple moving average of $14.11. The company has a quick ratio of 0.71, a current ratio of 0.94 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $83.42 billion, a PE ratio of 5.06, a P/E/G ratio of 0.18 and a beta of 1.39. Petróleo Brasileiro S.A. – Petrobras has a 52-week low of $12.55 and a 52-week high of $17.44.

Institutional Investors Weigh In On Petróleo Brasileiro S.A. – Petrobras

Hedge funds have recently modified their holdings of the stock. Ethos Financial Group LLC acquired a new stake in shares of Petróleo Brasileiro S.A. – Petrobras in the fourth quarter worth approximately $25,000. Tandem Financial LLC acquired a new stake in shares of Petróleo Brasileiro S.A. – Petrobras in the fourth quarter worth approximately $39,000. Whipplewood Advisors LLC acquired a new stake in shares of Petróleo Brasileiro S.A. – Petrobras in the fourth quarter worth approximately $40,000. Ameliora Wealth Management Ltd. acquired a new position in Petróleo Brasileiro S.A. – Petrobras during the fourth quarter valued at approximately $51,000. Finally, Kapitalo Investimentos Ltda lifted its position in Petróleo Brasileiro S.A. – Petrobras by 104.4% during the fourth quarter. Kapitalo Investimentos Ltda now owns 6,663 shares of the oil and gas exploration company’s stock valued at $86,000 after buying an additional 156,663 shares in the last quarter.

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.