Petroleo Brasileiro SA (NYSE: PBR)‘s stock had its “hold” rating restated by equities researchers at TheStreet in a report issued on Friday.
The analysts wrote, “Petroleo Brasileiro SA Petrobras (PBR) has been reiterated by TheStreet Ratings as a hold with a ratings score of C . The company’s strengths can be seen in multiple areas, such as its increase in net income, attractive valuation levels and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and poor profit margins.”
Petroleo Brasileiro SA traded down 1.06% on Friday, hitting $14.514. Petroleo Brasileiro SA has a 52-week low of $14.59 and a 52-week high of $30.65. The stock’s 50-day moving average is currently $17.55. The company has a market cap of $94.664 billion and a price-to-earnings ratio of 9.20.
PBR has been the subject of a number of other recent research reports. Analysts at Jefferies Group downgraded shares of Petroleo Brasileiro SA from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, February 6th. Separately, analysts at Macquarie downgraded shares of Petroleo Brasileiro SA from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, January 10th. Finally, analysts at Zacks reiterated an “underperform” rating on shares of Petroleo Brasileiro SA in a research note to investors on Wednesday, January 9th. They now have a $18.00 price target on the stock.
Petroleo Brasileiro S.A. (Petrobras) is an integrated oil and gas company. The Company operates in five segments: exploration and production; refining, transportation and marketing; distribution; gas and power, and international.
To view TheStreet’s full report, visit www.thestreetratings.com
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