Analysts Set Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Price Target at $17.47

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) has been assigned an average rating of “Buy” from the eight analysts that are covering the company, Marketbeat.com reports. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $17.47.

A number of research analysts have weighed in on the stock. Jefferies Financial Group upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.30 price objective for the company in a research report on Thursday, May 15th. Hsbc Global Res upgraded Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. HSBC upgraded Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Wednesday, March 5th. Finally, StockNews.com raised Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating in a research note on Wednesday, May 14th.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

PBR opened at $12.04 on Friday. The firm has a fifty day moving average price of $12.43 and a 200 day moving average price of $13.28. Petróleo Brasileiro S.A. – Petrobras has a 1 year low of $11.03 and a 1 year high of $15.73. The stock has a market cap of $77.59 billion, a P/E ratio of 4.70, a P/E/G ratio of 0.18 and a beta of 0.87. 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 Increases Dividend

The business also recently announced a — dividend, which will be paid on Wednesday, August 27th. Stockholders of record on Wednesday, June 4th will be issued a dividend of $0.2806 per share. This is a boost from Petróleo Brasileiro S.A. – Petrobras’s previous — dividend of $0.24. This represents a dividend yield of 17.6%. The ex-dividend date is Wednesday, June 4th. Petróleo Brasileiro S.A. – Petrobras’s payout ratio is currently 82.09%.

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

A number of institutional investors have recently added to or reduced their stakes in the stock. Retireful LLC acquired a new stake in shares of Petróleo Brasileiro S.A. – Petrobras in the 4th quarter worth $167,000. Annex Advisory Services LLC grew its position in Petróleo Brasileiro S.A. – Petrobras by 56.1% in the fourth quarter. Annex Advisory Services LLC now owns 1,508,806 shares of the oil and gas exploration company’s stock worth $19,403,000 after acquiring an additional 542,118 shares during the period. Perpetual Ltd increased its stake in Petróleo Brasileiro S.A. – Petrobras by 5.2% during the fourth quarter. Perpetual Ltd now owns 3,315,957 shares of the oil and gas exploration company’s stock worth $42,643,000 after acquiring an additional 163,668 shares during the last quarter. Viking Fund Management LLC purchased a new stake in Petróleo Brasileiro S.A. – Petrobras in the fourth quarter valued at $257,000. Finally, SG Americas Securities LLC lifted its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 114.4% in the 4th quarter. SG Americas Securities LLC now owns 579,270 shares of the oil and gas exploration company’s stock valued at $7,449,000 after purchasing an additional 309,112 shares during the last quarter.

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.