UBS Group Issues Pessimistic Forecast for Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) Stock Price

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) had its price target decreased by investment analysts at UBS Group from $15.80 to $14.40 in a report released on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the oil and gas exploration company’s stock. UBS Group’s price objective would indicate a potential upside of 16.84% from the stock’s previous close.

A number of other brokerages have also issued reports on PBR. Jefferies Financial Group raised Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating and set a $15.30 target price on the stock in a research report on Thursday, May 15th. Bank of America lowered Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “neutral” rating in a research report on Monday, June 9th. Zacks Research raised Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Finally, Wall Street Zen raised Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research report on Wednesday, May 14th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $16.78.

Petroleo Brasileiro S.A.- Petrobras Trading Up 3.1%

NYSE:PBR opened at $12.3250 on Friday. Petroleo Brasileiro S.A.- Petrobras has a fifty-two week low of $11.03 and a fifty-two week high of $15.73. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.72 and a quick ratio of 0.47. The stock has a market capitalization of $79.43 billion, a PE ratio of 5.76 and a beta of 0.85. The business’s 50-day simple moving average is $12.57 and its 200-day simple moving average is $12.62.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last released its quarterly earnings data on Friday, August 8th. The oil and gas exploration company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.06). Petroleo Brasileiro S.A.- Petrobras had a net margin of 15.99% and a return on equity of 34.11%. The business had revenue of $21.04 billion for the quarter, compared to the consensus estimate of $20.78 billion. Sell-side analysts expect that Petroleo Brasileiro S.A.- Petrobras will post 2.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in PBR. MGO One Seven LLC increased its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 55.8% during the 4th quarter. MGO One Seven LLC now owns 31,331 shares of the oil and gas exploration company’s stock worth $403,000 after acquiring an additional 11,219 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. increased its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 192.3% during the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 301,400 shares of the oil and gas exploration company’s stock worth $3,891,000 after acquiring an additional 198,303 shares during the last quarter. Kapitalo Investimentos Ltda increased its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 104.4% during the 4th quarter. Kapitalo Investimentos Ltda now owns 6,663 shares of the oil and gas exploration company’s stock worth $86,000 after acquiring an additional 156,663 shares during the last quarter. Parvin Asset Management LLC acquired a new position in shares of Petroleo Brasileiro S.A.- Petrobras during the 4th quarter worth approximately $93,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in shares of Petroleo Brasileiro S.A.- Petrobras during the 4th quarter worth approximately $527,000.

About Petroleo Brasileiro S.A.- Petrobras

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.