Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) Given Average Rating of “Moderate Buy” by Brokerages

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) has earned an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $19.28.

A number of research analysts recently weighed in on PBR shares. Weiss Ratings upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, May 12th. Jefferies Financial Group downgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating and decreased their price target for the stock from $20.30 to $19.00 in a research note on Friday, March 13th. Zacks Research downgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 28th. Bank of America upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $18.70 to $24.80 in a research note on Friday, April 17th. Finally, Wall Street Zen upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research note on Sunday, March 22nd.

Petroleo Brasileiro S.A.- Petrobras Trading Up 0.2%

Shares of PBR stock opened at $16.48 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.49 and a current ratio of 0.74. The stock has a market capitalization of $106.17 billion, a P/E ratio of 5.35, a price-to-earnings-growth ratio of 0.66 and a beta of 0.32. The company has a 50 day moving average price of $19.36 and a 200 day moving average price of $16.94. Petroleo Brasileiro S.A.- Petrobras has a fifty-two week low of $11.43 and a fifty-two week high of $22.24.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last announced its quarterly earnings data on Tuesday, March 31st. The oil and gas exploration company reported $0.96 earnings per share for the quarter. The firm had revenue of $23.54 billion during the quarter. Petroleo Brasileiro S.A.- Petrobras had a net margin of 21.67% and a return on equity of 23.65%. Equities research analysts predict that Petroleo Brasileiro S.A.- Petrobras will post 4.72 EPS for the current fiscal year.

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

The company also recently declared a special dividend, which will be paid on Thursday, August 27th. Investors of record on Wednesday, June 3rd will be paid a $0.1426 dividend. The ex-dividend date is Wednesday, June 3rd. Petroleo Brasileiro S.A.- Petrobras’s payout ratio is currently 11.04%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. purchased a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the 4th quarter worth approximately $26,000. Clearstead Advisors LLC lifted its position in shares of Petroleo Brasileiro S.A.- Petrobras by 273.4% during the 4th quarter. Clearstead Advisors LLC now owns 2,330 shares of the oil and gas exploration company’s stock worth $28,000 after buying an additional 1,706 shares during the last quarter. 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 worth $30,000 after buying an additional 1,044 shares during the last quarter. Bayforest Capital Ltd purchased a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the 4th quarter worth approximately $39,000. Finally, Ascentis Independent Advisors purchased a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the 1st quarter worth approximately $51,000.

Petroleo Brasileiro S.A.- Petrobras Company Profile

Petro?leo Brasileiro SA – Petrobras is a Brazilian, state-controlled integrated oil and gas company headquartered in Rio de Janeiro. Founded in 1953, Petrobras is principally engaged in the exploration and production of crude oil and natural gas, and operates across the full value chain from upstream activities through refining, transportation and downstream marketing of petroleum products. The company is a major player in Brazil’s energy sector and is a listed public company with global capital market presence.

Petrobras’s core activities include deepwater and ultra-deepwater exploration and production, where it has been a pioneer in developing pre-salt reserves off Brazil’s coast.