Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) Stock Price Expected to Rise, UBS Group Analyst Says

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) had its target price lifted by research analysts at UBS Group from $14.40 to $14.60 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the oil and gas exploration company’s stock. UBS Group’s target price would indicate a potential upside of 14.11% from the stock’s current price.

A number of other analysts have also weighed in on PBR. Wall Street Zen lowered shares of Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating in a report on Saturday, January 3rd. Zacks Research lowered Petroleo Brasileiro S.A.- Petrobras from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 18th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Petroleo Brasileiro S.A.- Petrobras currently has a consensus rating of “Moderate Buy” and an average price target of $14.97.

Petroleo Brasileiro S.A.- Petrobras Stock Up 4.0%

Shares of PBR stock traded up $0.50 on Wednesday, reaching $12.80. 28,509,217 shares of the company were exchanged, compared to its average volume of 19,705,389. The company has a 50-day moving average of $12.29 and a 200-day moving average of $12.35. Petroleo Brasileiro S.A.- Petrobras has a one year low of $11.03 and a one year high of $14.98. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.82 and a quick ratio of 0.57. The company has a market cap of $82.46 billion, a price-to-earnings ratio of 5.93, a PEG ratio of 0.25 and a beta of 0.51.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last posted its quarterly earnings data on Friday, November 7th. 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. Petroleo Brasileiro S.A.- Petrobras had a net margin of 16.15% and a return on equity of 23.32%. Analysts anticipate 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

Several institutional investors have recently made changes to their positions in the business. Financial Gravity Companies Inc. bought a new stake in Petroleo Brasileiro S.A.- Petrobras in the 2nd quarter worth approximately $26,000. Geneos Wealth Management Inc. lifted its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 74.9% in 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 acquiring an additional 1,044 shares during the last quarter. Chung Wu Investment Group LLC purchased a new position in shares of Petroleo Brasileiro S.A.- Petrobras during the second quarter valued at approximately $31,000. Whipplewood Advisors LLC increased its stake in Petroleo Brasileiro S.A.- Petrobras by 45.7% in the second quarter. Whipplewood Advisors LLC now owns 2,875 shares of the oil and gas exploration company’s stock worth $36,000 after purchasing an additional 902 shares during the period. Finally, BNP Paribas boosted its position in Petroleo Brasileiro S.A.- Petrobras by 241.9% in the 3rd quarter. BNP Paribas now owns 4,240 shares of the oil and gas exploration company’s stock valued at $54,000 after buying an additional 3,000 shares during the period.

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.