Analysts Set Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) PT at $19.28

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) has been assigned a consensus rating of “Moderate Buy” from the seven research firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $19.28.

A number of research firms have recently issued reports on PBR. Bank of America upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “neutral” rating to a “buy” rating and lifted their target price for the company from $18.70 to $24.80 in a research note on Friday, April 17th. Wall Street Zen upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research report on Sunday, March 22nd. Weiss Ratings raised shares of Petroleo Brasileiro S.A.- Petrobras from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, May 12th. Zacks Research downgraded Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 7th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Petroleo Brasileiro S.A.- Petrobras from $24.00 to $23.00 and set an “overweight” rating for the company in a research report on Wednesday, June 3rd.

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

NYSE PBR opened at $17.98 on Thursday. The stock has a market cap of $115.85 billion, a price-to-earnings ratio of 5.84, a PEG ratio of 0.79 and a beta of 0.33. Petroleo Brasileiro S.A.- Petrobras has a twelve month low of $11.43 and a twelve month high of $22.24. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.49 and a current ratio of 0.74. The firm’s 50 day moving average price is $18.03 and its two-hundred day moving average price is $17.46.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last released its quarterly earnings data on Tuesday, March 31st. The oil and gas exploration company reported $0.96 EPS for the quarter. Petroleo Brasileiro S.A.- Petrobras had a return on equity of 23.65% and a net margin of 21.67%.The firm had revenue of $23.54 billion for the quarter. Equities analysts anticipate that Petroleo Brasileiro S.A.- Petrobras will post 4.28 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 Thursday, August 27th. Investors of record on Wednesday, June 3rd will be paid a $0.1426 dividend. The ex-dividend date is Wednesday, June 3rd. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio is 11.04%.

Institutional Investors Weigh In On Petroleo Brasileiro S.A.- Petrobras

Several institutional investors and hedge funds have recently bought and sold shares of PBR. GHP Investment Advisors Inc. acquired a new stake in Petroleo Brasileiro S.A.- Petrobras during the fourth quarter worth approximately $26,000. Clearstead Advisors LLC boosted its holdings in Petroleo Brasileiro S.A.- Petrobras by 273.4% during the 4th quarter. Clearstead Advisors LLC now owns 2,330 shares of the oil and gas exploration company’s stock worth $28,000 after acquiring an additional 1,706 shares during the last quarter. Geneos Wealth Management Inc. grew its position in Petroleo Brasileiro S.A.- Petrobras by 74.9% in the 2nd quarter. Geneos Wealth Management Inc. now owns 2,438 shares of the oil and gas exploration company’s stock worth $30,000 after purchasing an additional 1,044 shares in the last quarter. Ascentis Independent Advisors bought a new position in shares of Petroleo Brasileiro S.A.- Petrobras in the first quarter valued at approximately $51,000. Finally, Harbor Investment Advisory LLC purchased a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the 1st quarter valued at $54,000.

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.