Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) has received a consensus rating of “Moderate Buy” from the seven ratings firms that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $14.90.

Several brokerages have recently commented on PBR. Weiss Ratings restated a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research note on Wednesday, October 8th. UBS Group cut their price target on Petroleo Brasileiro S.A.- Petrobras from $15.80 to $14.40 and set a “buy” rating on the stock in a report on Friday, August 22nd. Zacks Research cut Petroleo Brasileiro S.A.- Petrobras from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 18th. Finally, Wall Street Zen raised Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research report on Monday, November 17th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Financial Gravity Companies Inc. purchased a new position in shares of Petroleo Brasileiro S.A.- Petrobras in the 2nd quarter worth approximately $26,000. Geneos Wealth Management Inc. lifted its holdings in Petroleo Brasileiro S.A.- Petrobras by 74.9% during the second quarter. Geneos Wealth Management Inc. now owns 2,438 shares of the oil and gas exploration company’s stock worth $30,000 after acquiring an additional 1,044 shares during the period. Chung Wu Investment Group LLC purchased a new position in Petroleo Brasileiro S.A.- Petrobras in the second quarter worth $31,000. Wealth Preservation Advisors LLC purchased a new position in Petroleo Brasileiro S.A.- Petrobras in the first quarter worth $34,000. Finally, Whipplewood Advisors LLC grew its stake in Petroleo Brasileiro S.A.- Petrobras by 45.7% in the 2nd quarter. Whipplewood Advisors LLC now owns 2,875 shares of the oil and gas exploration company’s stock valued at $36,000 after purchasing an additional 902 shares during the period.

Petroleo Brasileiro S.A.- Petrobras Trading Up 0.5%

Shares of PBR stock opened at $12.62 on Wednesday. The company has a market cap of $81.30 billion, a P/E ratio of 5.89 and a beta of 0.83. The stock has a 50 day simple moving average of $12.37 and a two-hundred day simple moving average of $12.38. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.47 and a current ratio of 0.72. Petroleo Brasileiro S.A.- Petrobras has a fifty-two week low of $11.03 and a fifty-two week high of $14.98.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last issued its earnings results on Thursday, November 6th. The oil and gas exploration company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.03. 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 $23.48 billion for the quarter, compared to analyst estimates of $125.50 billion. Research analysts forecast that Petroleo Brasileiro S.A.- Petrobras will post 2.14 earnings per share for the current year.

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, December 26th will be issued a dividend of $0.1773 per share. The ex-dividend date is Friday, December 26th. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio is presently 32.41%.

Petroleo 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.