Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Given Consensus Rating of “Buy” by Brokerages

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) has earned a consensus rating of “Buy” from the eight analysts that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $17.81.

Several research analysts have recently issued reports 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 upgraded Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Wednesday, March 5th. Finally, Hsbc Global Res upgraded Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

Shares of PBR opened at $14.41 on Friday. The firm has a market capitalization of $92.83 billion, a PE ratio of 5.63, a P/E/G ratio of 0.18 and a beta of 1.39. The company has a quick ratio of 0.71, a current ratio of 0.94 and a debt-to-equity ratio of 0.65. The firm has a 50-day moving average price of $13.84 and a 200 day moving average price of $13.94. Petróleo Brasileiro S.A. – Petrobras has a 52-week low of $12.45 and a 52-week high of $17.44.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The business also recently announced a — dividend, which will be paid on Friday, June 27th. Stockholders of record on Tuesday, April 22nd will be issued a dividend of $0.2403 per share. This represents a dividend yield of 19%. The ex-dividend date is Tuesday, April 22nd. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio is 137.93%.

Hedge Funds Weigh In On Petróleo Brasileiro S.A. – Petrobras

A number of institutional investors have recently bought and sold shares of PBR. Ethos Financial Group LLC acquired a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the fourth quarter worth about $25,000. Tandem Financial LLC purchased a new stake in shares of Petróleo Brasileiro S.A. – Petrobras in the 4th quarter valued at approximately $39,000. Whipplewood Advisors LLC acquired a new position in Petróleo Brasileiro S.A. – Petrobras in the 4th quarter worth approximately $40,000. Ameliora Wealth Management Ltd. purchased a new position in Petróleo Brasileiro S.A. – Petrobras during the 4th quarter worth approximately $51,000. Finally, Sunbelt Securities Inc. raised its stake in Petróleo Brasileiro S.A. – Petrobras by 497.5% during the 3rd quarter. Sunbelt Securities Inc. now owns 6,005 shares of the oil and gas exploration company’s stock valued at $87,000 after purchasing an additional 5,000 shares during the period.

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.