Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) has been given an average recommendation of “Moderate Buy” by the nine research firms that are covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $16.76.

A number of brokerages have commented on PBR. Bank of America cut Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “neutral” rating and set a $16.00 price target for the company. in a research report on Friday, March 8th. Morgan Stanley cut shares of Petróleo Brasileiro S.A. – Petrobras from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $20.00 to $18.00 in a report on Monday, March 11th. HSBC raised shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Monday, March 25th. Finally, UBS Group lifted their price target on Petróleo Brasileiro S.A. – Petrobras from $17.20 to $17.40 and gave the company a “buy” rating in a research note on Monday, March 25th.

Hedge Funds Weigh In On Petróleo Brasileiro S.A. – Petrobras

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Checchi Capital Advisers LLC increased its position in shares of Petróleo Brasileiro S.A. – Petrobras by 2.4% during the first quarter. Checchi Capital Advisers LLC now owns 26,509 shares of the oil and gas exploration company’s stock worth $403,000 after purchasing an additional 615 shares in the last quarter. M&T Bank Corp grew its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 2.6% during the fourth quarter. M&T Bank Corp now owns 26,091 shares of the oil and gas exploration company’s stock worth $417,000 after buying an additional 661 shares in the last quarter. Founders Capital Management raised its position in shares of Petróleo Brasileiro S.A. – Petrobras by 17.5% in the first quarter. Founders Capital Management now owns 4,700 shares of the oil and gas exploration company’s stock valued at $71,000 after buying an additional 700 shares during the last quarter. Cerity Partners LLC lifted its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 7.4% in the fourth quarter. Cerity Partners LLC now owns 12,280 shares of the oil and gas exploration company’s stock worth $196,000 after buying an additional 848 shares in the last quarter. Finally, Grey Street Capital LLC boosted its position in Petróleo Brasileiro S.A. – Petrobras by 3.4% during the fourth quarter. Grey Street Capital LLC now owns 26,227 shares of the oil and gas exploration company’s stock worth $439,000 after acquiring an additional 858 shares during the last quarter.

Petróleo Brasileiro S.A. – Petrobras Price Performance

Shares of NYSE PBR opened at $17.06 on Friday. Petróleo Brasileiro S.A. – Petrobras has a 52-week low of $10.01 and a 52-week high of $17.91. The stock has a 50 day moving average price of $15.94 and a 200 day moving average price of $15.90. The firm has a market capitalization of $111.23 billion, a price-to-earnings ratio of 4.46 and a beta of 1.46. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.73 and a current ratio of 0.96.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) last announced its earnings results on Friday, March 8th. The oil and gas exploration company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.15. The business had revenue of $27.11 billion during the quarter, compared to the consensus estimate of $26.45 billion. Petróleo Brasileiro S.A. – Petrobras had a net margin of 24.30% and a return on equity of 34.44%. Sell-side analysts expect that Petróleo Brasileiro S.A. – Petrobras will post 3.51 earnings per share for the current year.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Monday, April 29th will be paid a dividend of $0.2084 per share. The ex-dividend date of this dividend is Friday, April 26th. This represents a $0.83 annualized dividend and a yield of 4.89%. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio (DPR) is currently 21.20%.

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 Exploration and Production; Refining, Transportation and Marketing; and Gas and Power. It also engages in prospecting, drilling, refining, processing, trading, and transporting crude oil from producing onshore and offshore oil fields, and shale or other rocks, as well as oil products, natural gas, and other liquid hydrocarbons.