Wall Street Zen Upgrades Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) to “Buy”

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Monday.

Several other research analysts have also recently issued reports on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a report on Wednesday, October 8th. UBS Group cut their price target on Petroleo Brasileiro S.A.- Petrobras from $15.80 to $14.40 and set a “buy” rating on the stock in a research report on Friday, August 22nd. Finally, Zacks Research cut Petroleo Brasileiro S.A.- Petrobras from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Petroleo Brasileiro S.A.- Petrobras has an average rating of “Moderate Buy” and a consensus price target of $14.90.

Petroleo Brasileiro S.A.- Petrobras Price Performance

Shares of NYSE PBR opened at $13.11 on Monday. Petroleo Brasileiro S.A.- Petrobras has a 52 week low of $11.03 and a 52 week high of $15.10. The business’s 50 day moving average price is $12.39 and its 200 day moving average price is $12.31. The company has a quick ratio of 0.47, a current ratio of 0.72 and a debt-to-equity ratio of 0.76. The firm has a market cap of $84.50 billion, a P/E ratio of 6.13 and a beta of 0.83.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last posted its quarterly earnings results 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 company had revenue of $23.48 billion during the quarter, compared to analyst estimates of $125.50 billion. Petroleo Brasileiro S.A.- Petrobras had a net margin of 15.99% and a return on equity of 34.11%. On average, sell-side analysts expect that Petroleo Brasileiro S.A.- Petrobras will post 2.14 earnings per share for the current year.

Hedge Funds Weigh In On Petroleo Brasileiro S.A.- Petrobras

Hedge funds have recently bought and sold shares of the business. Financial Gravity Companies Inc. acquired a new stake in Petroleo Brasileiro S.A.- Petrobras in the second quarter valued at approximately $26,000. Geneos Wealth Management Inc. lifted its position in shares of Petroleo Brasileiro S.A.- Petrobras by 74.9% during the 2nd quarter. Geneos Wealth Management Inc. now owns 2,438 shares of the oil and gas exploration company’s stock valued at $30,000 after buying an additional 1,044 shares in the last quarter. Chung Wu Investment Group LLC acquired a new stake in Petroleo Brasileiro S.A.- Petrobras in the 2nd quarter valued at $31,000. Wealth Preservation Advisors LLC purchased a new stake in Petroleo Brasileiro S.A.- Petrobras in the 1st quarter worth $34,000. Finally, Whipplewood Advisors LLC raised its position in Petroleo Brasileiro S.A.- Petrobras by 45.7% during the second quarter. Whipplewood Advisors LLC now owns 2,875 shares of the oil and gas exploration company’s stock worth $36,000 after acquiring an additional 902 shares during the period.

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.