Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) Downgraded to Hold Rating by Wall Street Zen

Wall Street Zen downgraded shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) from a buy rating to a hold rating in a research report sent to investors on Sunday morning.

Several other equities research analysts have also issued reports on PBR. Zacks Research lowered shares of Petroleo Brasileiro S.A.- Petrobras from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 18th. UBS Group decreased their target price on Petroleo Brasileiro S.A.- Petrobras from $15.80 to $14.40 and set a “buy” rating for the company in a research report on Friday, August 22nd. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Petroleo Brasileiro S.A.- Petrobras currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.43.

Petroleo Brasileiro S.A.- Petrobras Stock Performance

Shares of NYSE:PBR traded up $0.15 during midday trading on Friday, reaching $13.01. The company had a trading volume of 24,164,639 shares, compared to its average volume of 21,812,051. The stock has a market cap of $83.84 billion, a P/E ratio of 6.08 and a beta of 0.83. The company’s 50 day moving average price is $12.28 and its 200 day moving average price is $12.23. The company has a current ratio of 0.72, a quick ratio of 0.47 and a debt-to-equity ratio of 0.76. Petroleo Brasileiro S.A.- Petrobras has a 52-week low of $11.03 and a 52-week high of $15.10.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last posted its quarterly earnings data on Thursday, November 6th. The oil and gas exploration company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.03. The business had revenue of $23.48 billion during the quarter, compared to the consensus estimate of $125.50 billion. Petroleo Brasileiro S.A.- Petrobras had a net margin of 15.99% and a return on equity of 34.11%. As a group, sell-side analysts anticipate that Petroleo Brasileiro S.A.- Petrobras will post 2.14 EPS for the current fiscal year.

Institutional Trading of Petroleo Brasileiro S.A.- Petrobras

Institutional investors and hedge funds have recently bought and sold shares of the company. Salem Investment Counselors Inc. boosted its stake in Petroleo Brasileiro S.A.- Petrobras by 8.4% during the second quarter. Salem Investment Counselors Inc. now owns 564,661 shares of the oil and gas exploration company’s stock valued at $7,065,000 after buying an additional 43,750 shares during the period. New York State Common Retirement Fund bought a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the 1st quarter valued at about $29,984,000. Banco Santander S.A. boosted its position in shares of Petroleo Brasileiro S.A.- Petrobras by 15.2% during the 1st quarter. Banco Santander S.A. now owns 155,244 shares of the oil and gas exploration company’s stock valued at $2,226,000 after acquiring an additional 20,462 shares during the last quarter. Morningstar Investment Management LLC grew its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 23.8% during the second quarter. Morningstar Investment Management LLC now owns 298,508 shares of the oil and gas exploration company’s stock worth $3,734,000 after purchasing an additional 57,437 shares in the last quarter. Finally, Kingstone Capital Partners Texas LLC bought a new position in shares of Petroleo Brasileiro S.A.- Petrobras in the second quarter worth approximately $148,086,000.

Petroleo 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.