Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Cut to Buy at StockNews.com

StockNews.com cut shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBRGet Rating) from a strong-buy rating to a buy rating in a research note published on Friday morning.

A number of other equities research analysts have also recently commented on PBR. Bank of America cut shares of Petróleo Brasileiro S.A. – Petrobras from a buy rating to a neutral rating in a research note on Tuesday, March 8th. Zacks Investment Research upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a hold rating to a strong-buy rating and set a $16.00 target price on the stock in a research note on Thursday, March 10th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of Buy and an average price target of $13.78.

Shares of NYSE:PBR traded up $0.39 during trading on Friday, hitting $14.51. The company’s stock had a trading volume of 38,489,002 shares, compared to its average volume of 30,398,662. The company has a 50-day moving average of $14.19 and a 200-day moving average of $12.64. Petróleo Brasileiro S.A. – Petrobras has a 12 month low of $9.20 and a 12 month high of $16.09. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.53 and a quick ratio of 0.95. The firm has a market cap of $94.64 billion, a price-to-earnings ratio of 3.34, a P/E/G ratio of 1.30 and a beta of 1.44.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBRGet Rating) last issued its quarterly earnings data on Thursday, May 5th. The oil and gas exploration company reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.21. Petróleo Brasileiro S.A. – Petrobras had a net margin of 29.65% and a return on equity of 31.27%. The firm had revenue of $27.19 billion for the quarter, compared to analysts’ expectations of $27.95 billion. As a group, research analysts anticipate that Petróleo Brasileiro S.A. – Petrobras will post 4.45 earnings per share for the current year.

The business also recently disclosed a — dividend, which will be paid on Monday, May 23rd. Stockholders of record on Monday, April 18th will be given a dividend of $1.2191 per share. The ex-dividend date is Thursday, April 14th. This represents a dividend yield of 19.5%. This is a boost from Petróleo Brasileiro S.A. – Petrobras’s previous — dividend of $0.38. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio (DPR) is presently 59.68%.

Institutional investors have recently added to or reduced their stakes in the company. AdvisorNet Financial Inc grew its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 125.3% in the first quarter. AdvisorNet Financial Inc now owns 2,519 shares of the oil and gas exploration company’s stock valued at $37,000 after purchasing an additional 1,401 shares in the last quarter. D Orazio & Associates Inc. purchased a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the third quarter valued at $27,000. Optimum Investment Advisors grew its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 200.0% in the first quarter. Optimum Investment Advisors now owns 3,000 shares of the oil and gas exploration company’s stock valued at $44,000 after purchasing an additional 2,000 shares in the last quarter. Federated Hermes Inc. grew its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 34.3% in the first quarter. Federated Hermes Inc. now owns 3,368 shares of the oil and gas exploration company’s stock valued at $50,000 after purchasing an additional 861 shares in the last quarter. Finally, McIlrath & Eck LLC purchased a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the third quarter valued at $35,000. Hedge funds and other institutional investors own 11.89% of the company’s stock.

About Petróleo Brasileiro S.A. – Petrobras (Get Rating)

Petróleo Brasileiro SA – Petrobras explores for, produces, and sells oil and gas in Brazil and internationally. The company operates through Exploration and Production; Refining, Transportation and Marketing; Gas and Power; and Corporate and Other Businesses segments. It engages in prospecting, drilling, refining, processing, trading, and transporting crude oil from producing onshore and offshore oil fields, and shale or other rocks, as well as oil products, natural gas, and other liquid hydrocarbons.

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Analyst Recommendations for Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR)

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