Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) Raised to “Strong-Buy” at Zacks Research

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

A number of other research firms have also recently commented on PBR. UBS Group lifted their price objective on Petroleo Brasileiro S.A.- Petrobras from $14.40 to $14.60 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. The Goldman Sachs Group raised their price target on shares of Petroleo Brasileiro S.A.- Petrobras from $13.10 to $15.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a report on Monday, December 29th. Jefferies Financial Group downgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating and reduced their price objective for the company from $20.30 to $19.00 in a research note on Friday, March 13th. Finally, Wall Street Zen upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research report on Sunday, March 22nd. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $16.20.

Petroleo Brasileiro S.A.- Petrobras Trading Down 3.1%

Shares of Petroleo Brasileiro S.A.- Petrobras stock opened at $20.10 on Tuesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.71 and a quick ratio of 0.48. Petroleo Brasileiro S.A.- Petrobras has a 1 year low of $11.03 and a 1 year high of $21.40. The company has a market capitalization of $129.53 billion, a P/E ratio of 6.61, a P/E/G ratio of 0.18 and a beta of 0.37. The business has a 50 day moving average price of $17.04 and a 200 day moving average price of $13.96.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last announced its earnings results on Sunday, February 15th. The oil and gas exploration company reported $0.45 EPS for the quarter. The firm had revenue of $23.61 billion for the quarter. Petroleo Brasileiro S.A.- Petrobras had a return on equity of 24.26% and a net margin of 22.01%. Sell-side analysts anticipate that Petroleo Brasileiro S.A.- Petrobras will post 2.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of PBR. GHP Investment Advisors Inc. acquired a new stake in shares of Petroleo Brasileiro S.A.- Petrobras in the fourth quarter worth approximately $26,000. Clearstead Advisors LLC grew its holdings in Petroleo Brasileiro S.A.- Petrobras by 273.4% in the fourth quarter. Clearstead Advisors LLC now owns 2,330 shares of the oil and gas exploration company’s stock valued at $28,000 after purchasing an additional 1,706 shares during the period. Geneos Wealth Management Inc. increased its position in Petroleo Brasileiro S.A.- Petrobras by 74.9% during the second quarter. Geneos Wealth Management Inc. now owns 2,438 shares of the oil and gas exploration company’s stock worth $30,000 after purchasing an additional 1,044 shares during the last quarter. Bayforest Capital Ltd purchased a new position in Petroleo Brasileiro S.A.- Petrobras during the fourth quarter worth approximately $39,000. Finally, BNP Paribas raised its stake in Petroleo Brasileiro S.A.- Petrobras by 241.9% during the third quarter. BNP Paribas now owns 4,240 shares of the oil and gas exploration company’s stock worth $54,000 after purchasing an additional 3,000 shares during the period.

Petroleo Brasileiro S.A.- Petrobras News Roundup

Here are the key news stories impacting Petroleo Brasileiro S.A.- Petrobras this week:

• Positive Sentiment: Large jet-fuel price increase — Petrobras raised jet fuel prices by roughly 55%, aligning domestic prices with higher global oil levels. That lift to product margins and near?term revenue likely supports earnings. Brazil’s Petrobras raises jet fuel prices by around 55%
• Positive Sentiment: Zacks upgrade to Strong Buy — an analyst upgrade to a Zacks Rank #1 signals improving earnings expectations and may support further inflows from momentum/value investors. Petrobras (PBR) Upgraded to Strong Buy: Here’s Why
• Positive Sentiment: New offshore oil discovery — company reports a high?quality oil find offshore Brazil, which supports reserve replacement and production growth prospects. Petrobras (PBR) discovers high quality oil offshore Brazil
• Neutral Sentiment: Renewables push — Petrobras partnered with Fugro for geotechnical work on Brazil’s first licensed offshore wind pilot (18 MW). Positive for long-term diversification but limited near-term earnings impact. Petrobras Teams With Fugro for Geotechnical Work on Wind Project
• Neutral Sentiment: Short?term momentum and quant recognition — coverage notes the stock is up ~10.5% over the past week and is highly rated by quant models; this draws attention but can increase volatility. Petrobras (PBR) Is Up 10.48% in One Week: What You Should Know
• Negative Sentiment: Today’s price reaction — despite the positive operational and analyst developments, the stock slid while broader markets rose, suggesting profit?taking after the recent run and sensitivity to oil?price/geopolitical moves. Petrobras (PBR) Stock Slides as Market Rises: Facts to Know Before You Trade

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.