Petróleo Brasileiro S.A. – Petrobras (PBR) To Go Ex-Dividend on December 27th

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) declared a Variable dividend on Friday, November 8th,Zacks Dividends reports. Shareholders of record on Friday, December 27th will be given a dividend of 0.227 per share by the oil and gas exploration company on Thursday, March 27th. This represents a yield of 16.3%. The ex-dividend date is Friday, December 27th. This is a boost from Petróleo Brasileiro S.A. – Petrobras’s previous Variable dividend of $0.17.

Petróleo Brasileiro S.A. – Petrobras has increased its dividend payment by an average of 46.8% annually over the last three years.

Petróleo Brasileiro S.A. – Petrobras Trading Up 0.8 %

Shares of PBR stock traded up $0.10 on Wednesday, hitting $13.03. The stock had a trading volume of 5,292,318 shares, compared to its average volume of 17,477,982. The company has a current ratio of 0.94, a quick ratio of 0.71 and a debt-to-equity ratio of 0.65. Petróleo Brasileiro S.A. – Petrobras has a twelve month low of $12.77 and a twelve month high of $17.91. The company has a fifty day moving average price of $13.86 and a two-hundred day moving average price of $14.36. The firm has a market cap of $84.98 billion, a P/E ratio of 5.09, a PEG ratio of 0.22 and a beta of 1.41.

Analyst Ratings Changes

A number of research firms have recently commented on PBR. JPMorgan Chase & Co. raised Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $16.50 to $19.00 in a research report on Wednesday, September 25th. Hsbc Global Res cut Petróleo Brasileiro S.A. – Petrobras from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 21st. The Goldman Sachs Group lifted their target price on Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Finally, HSBC downgraded Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research report on Monday, October 21st. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.24.

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.