Petroleo Brasileiro S.A.- Petrobras (PBR) – What Are Investment Firms Thinking About This Stock?

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) has been given a consensus rating of “Moderate Buy” by the eight analysts that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $20.97.

A number of equities analysts recently issued reports on PBR shares. UBS Group increased their price target on shares of Petroleo Brasileiro S.A.- Petrobras from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, September 23rd. Wall Street Zen cut Petroleo Brasileiro S.A.- Petrobras from a “strong-buy” rating to a “buy” rating in a research report on Sunday, October 11th. Zacks Research upgraded Petroleo Brasileiro S.A.- Petrobras from a “strong sell” rating to a “hold” rating in a report on Monday, August 31st. JPMorgan Chase & Co. increased their target price on Petroleo Brasileiro S.A.- Petrobras from $23.00 to $24.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 1st. Finally, Weiss Ratings raised Petroleo Brasileiro S.A.- Petrobras from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 9th.

Institutional Trading of Petroleo Brasileiro S.A.- Petrobras

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Oaktree Capital Management LP bought a new position in shares of Petroleo Brasileiro S.A.- Petrobras in the 1st quarter worth approximately $126,355,000. Carrhae Capital LLP bought a new stake in Petroleo Brasileiro S.A.- Petrobras during the second quarter valued at approximately $87,456,000. DJE Kapital AG bought a new stake in Petroleo Brasileiro S.A.- Petrobras during the first quarter valued at approximately $65,428,000. Public Employees Retirement System of Ohio purchased a new stake in Petroleo Brasileiro S.A.- Petrobras during the second quarter valued at approximately $42,858,000. Finally, Franchise GP Ltd purchased a new stake in Petroleo Brasileiro S.A.- Petrobras during the third quarter valued at approximately $17,660,000.

Petroleo Brasileiro S.A.- Petrobras Price Performance

PBR opened at $26.18 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.85. The stock has a market capitalization of $168.70 billion, a PE ratio of 6.61, a price-to-earnings-growth ratio of 2.29 and a beta of 0.29. The stock’s 50 day moving average price is $21.65 and its 200-day moving average price is $19.84. Petroleo Brasileiro S.A.- Petrobras has a 52-week low of $11.43 and a 52-week high of $26.39.

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Tuesday, August 25th will be issued a $0.2649 dividend. The ex-dividend date is Tuesday, August 25th. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio is 10.86%.

Petroleo Brasileiro S.A.- Petrobras Company Profile

Petróleo Brasileiro SA — Petrobras is a Brazilian state-controlled, integrated energy company engaged in the exploration, development, production, refining, transportation and marketing of oil and natural gas. Founded in 1953, the company plays a central role in Brazil’s energy sector and is headquartered in Rio de Janeiro.

Petrobras produces crude oil and natural gas, with a major focus on Brazil’s deepwater and pre-salt offshore fields. Its operations also include refining and selling petroleum products such as gasoline, diesel, aviation fuel, liquefied petroleum gas and other petrochemicals.