Petróleo Brasileiro S.A. – Petrobras to Issue — Dividend of $0.24 (NYSE:PBR)

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) declared a — dividend on Wednesday, March 19th, Wall Street Journal reports. Stockholders of record on Tuesday, April 22nd will be given a dividend of 0.2403 per share by the oil and gas exploration company on Wednesday, May 28th. This represents a dividend yield of 19%. The ex-dividend date of this dividend is Tuesday, April 22nd.

Petróleo Brasileiro S.A. – Petrobras has raised its dividend payment by an average of 10.8% per year over the last three years.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

PBR stock opened at $14.03 on Friday. The company has a 50 day moving average price of $13.78 and a 200 day moving average price of $13.97. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.94 and a quick ratio of 0.71. Petróleo Brasileiro S.A. – Petrobras has a fifty-two week low of $12.45 and a fifty-two week high of $17.44. The stock has a market capitalization of $90.38 billion, a PE ratio of 5.48, a price-to-earnings-growth ratio of 0.18 and a beta of 1.39.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on PBR shares. StockNews.com lowered shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. HSBC raised shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Wednesday, March 5th. Finally, Hsbc Global Res raised shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Petróleo Brasileiro S.A. – Petrobras has an average rating of “Moderate Buy” and an average target price of $17.81.

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.