Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) Receives Consensus Recommendation of “Buy” from Analysts

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) has received a consensus rating of “Buy” from the nine brokerages that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $16.7833.

A number of brokerages recently issued reports on PBR. UBS Group dropped their target price on Petroleo Brasileiro S.A.- Petrobras from $15.80 to $14.40 and set a “buy” rating on the stock in a research report on Friday. 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. 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. Jefferies Financial Group raised Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating and set a $15.30 price target on the stock in a research report on Thursday, May 15th. Finally, Zacks Research raised Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 20th.

Petroleo Brasileiro S.A.- Petrobras Price Performance

Shares of PBR opened at $12.3250 on Monday. Petroleo Brasileiro S.A.- Petrobras has a 1 year low of $11.03 and a 1 year high of $15.73. The company has a current ratio of 0.72, a quick ratio of 0.47 and a debt-to-equity ratio of 0.76. The stock has a market cap of $79.43 billion, a P/E ratio of 5.76 and a beta of 0.85. The stock’s 50-day moving average price is $12.57 and its two-hundred day moving average price is $12.61.

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. On average, equities analysts predict that Petroleo Brasileiro S.A.- Petrobras will post 2.14 earnings per share for the current year.

Petroleo Brasileiro S.A.- Petrobras Cuts Dividend

The firm also recently announced a — dividend, which will be paid on Monday, December 1st. Investors of record on Monday, August 25th will be issued a dividend of $0.2471 per share. The ex-dividend date of this dividend is Monday, August 25th. This represents a dividend yield of 1,750.0%. Petroleo Brasileiro S.A.- Petrobras’s payout ratio is presently 46.26%.

Institutional Trading of Petroleo Brasileiro S.A.- Petrobras

Several institutional investors have recently added to or reduced their stakes in PBR. TrueMark Investments LLC bought a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the 1st quarter worth $2,678,000. Salem Investment Counselors Inc. lifted its position in shares of Petroleo Brasileiro S.A.- Petrobras by 22.1% during the 1st quarter. Salem Investment Counselors Inc. now owns 520,911 shares of the oil and gas exploration company’s stock worth $7,470,000 after buying an additional 94,165 shares during the last quarter. New York State Common Retirement Fund bought a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the 1st quarter worth $29,984,000. Banco Santander S.A. lifted its position in shares of Petroleo Brasileiro S.A.- Petrobras by 15.2% during the 1st quarter. Banco Santander S.A. now owns 155,244 shares of the oil and gas exploration company’s stock worth $2,226,000 after buying an additional 20,462 shares during the last quarter. Finally, Artemis Investment Management LLP lifted its position in shares of Petroleo Brasileiro S.A.- Petrobras by 30.2% during the 1st quarter. Artemis Investment Management LLP now owns 3,908,771 shares of the oil and gas exploration company’s stock worth $56,052,000 after buying an additional 905,800 shares during the last quarter.

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.