Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) Stock Rating Lowered by Jefferies Financial Group

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBRGet Free Report) was downgraded by research analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a note issued to investors on Friday, Marketbeat reports. They presently have a $19.00 price objective on the oil and gas exploration company’s stock, down from their previous price objective of $20.30. Jefferies Financial Group’s price objective would indicate a potential upside of 2.34% from the company’s previous close.

A number of other equities research analysts also recently commented on the stock. UBS Group increased their price objective on shares of Petroleo Brasileiro S.A.- Petrobras from $14.40 to $14.60 and gave the company a “buy” rating in a research report on Wednesday, January 14th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research report on Monday, December 29th. Wall Street Zen upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research note on Saturday, January 17th. Finally, The Goldman Sachs Group increased their target price on Petroleo Brasileiro S.A.- Petrobras from $13.10 to $15.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Petroleo Brasileiro S.A.- Petrobras currently has an average rating of “Hold” and an average target price of $16.20.

Check Out Our Latest Report on Petroleo Brasileiro S.A.- Petrobras

Petroleo Brasileiro S.A.- Petrobras Stock Down 2.1%

Shares of NYSE:PBR opened at $18.57 on Friday. The firm’s 50 day moving average price is $15.07 and its 200 day moving average price is $13.28. The stock has a market cap of $119.65 billion, a price-to-earnings ratio of 6.11, a price-to-earnings-growth ratio of 0.18 and a beta of 0.51. Petroleo Brasileiro S.A.- Petrobras has a fifty-two week low of $11.03 and a fifty-two week high of $19.29. The company has a quick ratio of 0.57, a current ratio of 0.71 and a debt-to-equity ratio of 0.76.

Institutional Trading of Petroleo Brasileiro S.A.- Petrobras

Several institutional investors have recently modified their holdings of the stock. World Investment Advisors boosted its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 26.4% in the 4th quarter. World Investment Advisors now owns 19,365 shares of the oil and gas exploration company’s stock valued at $229,000 after buying an additional 4,043 shares in the last quarter. Fearnley Asset Management AS acquired a new stake in Petroleo Brasileiro S.A.- Petrobras during the 4th quarter worth $17,590,000. Larch Capital Partners LLC purchased a new stake in Petroleo Brasileiro S.A.- Petrobras in the fourth quarter valued at $7,714,000. Empowered Funds LLC lifted its position in Petroleo Brasileiro S.A.- Petrobras by 39.5% in the fourth quarter. Empowered Funds LLC now owns 17,079 shares of the oil and gas exploration company’s stock valued at $202,000 after acquiring an additional 4,839 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in Petroleo Brasileiro S.A.- Petrobras by 40.1% in the fourth quarter. Wellington Management Group LLP now owns 935,559 shares of the oil and gas exploration company’s stock valued at $11,086,000 after acquiring an additional 267,859 shares in the last quarter.

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Petroleo Brasileiro S.A.- Petrobras Company Profile

(Get Free Report)

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.

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