Petroleo Brasileiro S.A.- Petrobras Sees Unusually High Options Volume (NYSE:PBR)

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) saw unusually large options trading on Tuesday. Stock traders bought 136,877 put options on the company. This is an increase of approximately 122% compared to the typical daily volume of 61,650 put options.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of 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. Wall Street Zen upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 31st. UBS Group raised their target price on shares of Petroleo Brasileiro S.A.- Petrobras from $22.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, September 23rd. Zacks Research raised Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “strong-buy” rating in a report on Friday, October 30th. Finally, Weiss Ratings upgraded Petroleo Brasileiro S.A.- Petrobras from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $20.97.

Petroleo Brasileiro S.A.- Petrobras Price Performance

Shares of NYSE PBR traded down $0.12 during midday trading on Tuesday, reaching $18.23. The company’s stock had a trading volume of 16,305,191 shares, compared to its average volume of 23,269,711. The company has a market cap of $117.51 billion, a price-to-earnings ratio of 4.61, a price-to-earnings-growth ratio of 0.39 and a beta of 0.33. Petroleo Brasileiro S.A.- Petrobras has a one year low of $11.43 and a one year high of $26.39. The company has a 50 day moving average price of $22.13 and a 200 day moving average price of $19.25. The company has a current ratio of 0.85, a quick ratio of 0.58 and a debt-to-equity ratio of 0.64.

Institutional Investors Weigh In On Petroleo Brasileiro S.A.- Petrobras

Large investors have recently made changes to their positions in the company. Ameritas Advisory Services LLC bought a new position in Petroleo Brasileiro S.A.- Petrobras during the second quarter worth about $31,000. Jacobi Capital Management LLC acquired a new stake in shares of Petroleo Brasileiro S.A.- Petrobras in the 3rd quarter valued at about $45,000. Ascentis Independent Advisors acquired a new position in shares of Petroleo Brasileiro S.A.- Petrobras during the first quarter worth about $51,000. NFSG Corp lifted its stake in Petroleo Brasileiro S.A.- Petrobras by 153.8% in the 3rd quarter. NFSG Corp now owns 4,125 shares of the oil and gas exploration company’s stock valued at $86,000 after acquiring an additional 2,500 shares in the last quarter. Finally, GK Wealth Management LLC acquired a new position in Petroleo Brasileiro S.A.- Petrobras during the 3rd quarter worth approximately $97,000.

Petroleo Brasileiro S.A.- Petrobras Company Profile

Petróleo Brasileiro S.A., known as Petrobras, is an integrated energy company headquartered in Rio de Janeiro, Brazil. Founded in 1953, it is controlled by the Brazilian government and has publicly traded shares, including American depositary shares listed in the United States. Petrobras’s core business is exploring for and producing oil and natural gas, with a significant focus on offshore and deepwater fields, including Brazil’s pre-salt basins. The company also operates in refining, transportation, and the sale of oil, fuels, natural gas, and related energy products.