Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Given Average Recommendation of “Moderate Buy” by Brokerages

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) has earned a consensus rating of “Moderate Buy” from the nine research firms that are currently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $14.69.

A number of research firms recently commented on PBR. UBS Group upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to a “buy” rating and upped their price objective for the company from $13.10 to $17.50 in a research report on Thursday, August 24th. StockNews.com began coverage on shares of Petróleo Brasileiro S.A. – Petrobras in a research report on Thursday, August 17th. They issued a “buy” rating for the company. Bank of America upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to a “buy” rating in a research report on Wednesday, August 23rd. The Goldman Sachs Group upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to a “buy” rating in a research report on Tuesday, June 20th. Finally, Morgan Stanley upgraded shares of Petróleo Brasileiro S.A. – Petrobras from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $12.50 to $16.50 in a research report on Wednesday, June 7th.

Institutional Investors Weigh In On Petróleo Brasileiro S.A. – Petrobras

Several hedge funds have recently bought and sold shares of PBR. GQG Partners LLC lifted its position in Petróleo Brasileiro S.A. – Petrobras by 0.7% during the first quarter. GQG Partners LLC now owns 211,351,114 shares of the oil and gas exploration company’s stock worth $2,204,392,000 after acquiring an additional 1,489,361 shares during the last quarter. Lazard Asset Management LLC lifted its position in Petróleo Brasileiro S.A. – Petrobras by 2.8% during the first quarter. Lazard Asset Management LLC now owns 30,293,524 shares of the oil and gas exploration company’s stock worth $448,343,000 after acquiring an additional 826,668 shares during the last quarter. ARGA Investment Management LP lifted its position in Petróleo Brasileiro S.A. – Petrobras by 3.9% during the first quarter. ARGA Investment Management LP now owns 18,631,553 shares of the oil and gas exploration company’s stock worth $194,787,000 after acquiring an additional 698,049 shares during the last quarter. Mondrian Investment Partners LTD raised its position in shares of Petróleo Brasileiro S.A. – Petrobras by 4.2% in the first quarter. Mondrian Investment Partners LTD now owns 13,319,003 shares of the oil and gas exploration company’s stock valued at $138,917,000 after buying an additional 541,982 shares in the last quarter. Finally, Thornburg Investment Management Inc. raised its position in shares of Petróleo Brasileiro S.A. – Petrobras by 15.6% in the second quarter. Thornburg Investment Management Inc. now owns 7,990,088 shares of the oil and gas exploration company’s stock valued at $110,503,000 after buying an additional 1,078,067 shares in the last quarter. 11.57% of the stock is currently owned by institutional investors and hedge funds.

Petróleo Brasileiro S.A. – Petrobras Stock Up 0.9 %

NYSE:PBR opened at $14.69 on Friday. The stock’s fifty day moving average price is $13.98 and its two-hundred day moving average price is $12.49. Petróleo Brasileiro S.A. – Petrobras has a 52-week low of $8.88 and a 52-week high of $16.32. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.64 and a current ratio of 0.90. The company has a market cap of $95.78 billion, a price-to-earnings ratio of 3.18 and a beta of 1.42.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) last posted its quarterly earnings data on Thursday, August 3rd. The oil and gas exploration company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.07). The firm had revenue of $22.98 billion for the quarter, compared to analyst estimates of $24.71 billion. Petróleo Brasileiro S.A. – Petrobras had a return on equity of 40.65% and a net margin of 26.86%. During the same period in the prior year, the company posted $1.39 EPS. On average, analysts anticipate that Petróleo Brasileiro S.A. – Petrobras will post 3.51 EPS for the current year.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The company also recently announced a — dividend, which will be paid on Thursday, November 30th. Investors of record on Wednesday, August 23rd will be paid a $0.2353 dividend. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a yield of 26.3%. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio (DPR) is currently 6.93%.

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 Exploration and Production; Refining, Transportation and Marketing; and Gas and Power. It also 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.