Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) Rating Increased to Buy at Wall Street Zen

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Sunday.

PBR has been the topic of several other reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a report on Monday, December 29th. Jefferies Financial Group downgraded Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating and cut their price objective for the company from $20.30 to $19.00 in a research report on Friday, March 13th. UBS Group boosted their price objective on Petroleo Brasileiro S.A.- Petrobras from $14.40 to $14.60 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. Finally, The Goldman Sachs Group increased their target price on Petroleo Brasileiro S.A.- Petrobras from $13.10 to $15.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $16.20.

Petroleo Brasileiro S.A.- Petrobras Price Performance

NYSE:PBR opened at $18.78 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.71 and a debt-to-equity ratio of 0.76. The firm has a market cap of $121.00 billion, a PE ratio of 6.18, a price-to-earnings-growth ratio of 0.19 and a beta of 0.51. Petroleo Brasileiro S.A.- Petrobras has a 12 month low of $11.03 and a 12 month high of $20.28. The company’s 50-day moving average price is $15.84 and its two-hundred day moving average price is $13.53.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PBR. GHP Investment Advisors Inc. acquired a new stake in shares of Petroleo Brasileiro S.A.- Petrobras in the 4th quarter valued at $26,000. Clearstead Advisors LLC lifted its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 273.4% during the fourth quarter. Clearstead Advisors LLC now owns 2,330 shares of the oil and gas exploration company’s stock valued at $28,000 after acquiring an additional 1,706 shares during the period. Geneos Wealth Management Inc. boosted its holdings in Petroleo Brasileiro S.A.- Petrobras by 74.9% in 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 acquiring an additional 1,044 shares during the last quarter. Bayforest Capital Ltd acquired a new stake in Petroleo Brasileiro S.A.- Petrobras in the fourth quarter worth about $39,000. Finally, BNP Paribas raised its holdings in Petroleo Brasileiro S.A.- Petrobras by 241.9% during the 3rd quarter. BNP Paribas now owns 4,240 shares of the oil and gas exploration company’s stock worth $54,000 after purchasing an additional 3,000 shares during the last quarter.

About Petroleo Brasileiro S.A.- Petrobras

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.