Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) Given New $14.60 Price Target at UBS Group

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) had its target price increased by UBS Group from $14.40 to $14.60 in a research note published on Wednesday morning,Benzinga reports. UBS Group currently has a buy rating on the oil and gas exploration company’s stock.

Several other research analysts also recently commented on PBR. Wall Street Zen downgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating in a research note on Saturday, January 3rd. Zacks Research cut shares of Petroleo Brasileiro S.A.- Petrobras from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 18th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $14.97.

Petroleo Brasileiro S.A.- Petrobras Trading Up 2.9%

NYSE PBR opened at $12.66 on Wednesday. The firm has a market cap of $81.58 billion, a PE ratio of 5.86, a price-to-earnings-growth ratio of 0.26 and a beta of 0.51. Petroleo Brasileiro S.A.- Petrobras has a 1-year low of $11.03 and a 1-year high of $14.98. The stock has a 50-day moving average of $12.30 and a 200-day moving average of $12.36. The company has a current ratio of 0.82, a quick ratio of 0.57 and a debt-to-equity ratio of 0.73.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last announced its quarterly earnings results on Friday, November 7th. The oil and gas exploration company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.03. Petroleo Brasileiro S.A.- Petrobras had a return on equity of 23.32% and a net margin of 16.15%. As a group, sell-side analysts forecast that Petroleo Brasileiro S.A.- Petrobras will post 2.14 EPS for the current year.

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

The business also recently declared a special dividend, which will be paid on Friday, March 27th. Investors of record on Friday, December 26th will be paid a $0.0658 dividend. The ex-dividend date of this dividend is Friday, December 26th. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio is presently 21.76%.

Institutional Trading of Petroleo Brasileiro S.A.- Petrobras

Several large investors have recently bought and sold shares of the company. Financial Gravity Companies Inc. bought a new position in shares of Petroleo Brasileiro S.A.- Petrobras in the 2nd quarter worth approximately $26,000. Geneos Wealth Management Inc. boosted its position in shares of 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 valued at $30,000 after purchasing an additional 1,044 shares in the last quarter. Chung Wu Investment Group LLC purchased a new stake in Petroleo Brasileiro S.A.- Petrobras in the second quarter worth $31,000. Whipplewood Advisors LLC raised its holdings in Petroleo Brasileiro S.A.- Petrobras by 45.7% in the second quarter. Whipplewood Advisors LLC now owns 2,875 shares of the oil and gas exploration company’s stock worth $36,000 after purchasing an additional 902 shares in the last quarter. Finally, BNP Paribas lifted its position in Petroleo Brasileiro S.A.- Petrobras by 241.9% during the third quarter. BNP Paribas now owns 4,240 shares of the oil and gas exploration company’s stock valued at $54,000 after buying an additional 3,000 shares during the period.

Petroleo Brasileiro S.A.- Petrobras Company Profile

Petróleo Brasileiro SA – Petrobras is a Brazilian, state-controlled integrated oil and gas company headquartered in Rio de Janeiro. Founded in 1953, Petrobras is principally engaged in the exploration and production of crude oil and natural gas, and operates across the full value chain from upstream activities through refining, transportation and downstream marketing of petroleum products. The company is a major player in Brazil’s energy sector and is a listed public company with global capital market presence.

Petrobras’s core activities include deepwater and ultra-deepwater exploration and production, where it has been a pioneer in developing pre-salt reserves off Brazil’s coast.