Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Plans $0.24 — Dividend

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) announced a — dividend on Wednesday, March 19th, Wall Street Journal reports. Shareholders of record on Tuesday, April 22nd will be paid a dividend of 0.2403 per share by the oil and gas exploration company on Wednesday, May 28th. This represents a yield of 19%. The ex-dividend date is Tuesday, April 22nd.

Petróleo Brasileiro S.A. – Petrobras has raised its dividend by an average of 10.8% per year over the last three years.

Petróleo Brasileiro S.A. – Petrobras Trading Up 1.2 %

Petróleo Brasileiro S.A. – Petrobras stock traded up $0.17 during trading hours on Wednesday, reaching $14.05. The stock had a trading volume of 14,283,953 shares, compared to its average volume of 16,479,549. The company has a fifty day simple moving average of $13.75 and a 200-day simple moving average of $13.97. The stock has a market cap of $90.51 billion, a PE ratio of 5.49, a PEG ratio of 0.18 and a beta of 1.39. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.94 and a quick ratio of 0.71. Petróleo Brasileiro S.A. – Petrobras has a 52 week low of $12.45 and a 52 week high of $17.44.

Analysts Set New Price Targets

A number of brokerages recently issued reports on PBR. Hsbc Global Res raised shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. StockNews.com cut shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a report on Monday, March 3rd. Finally, HSBC upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Wednesday, March 5th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $17.81.

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 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.