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

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) has received a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $14.9750.

A number of analysts have issued reports on PBR shares. The Goldman Sachs Group raised their price target on Petroleo Brasileiro S.A.- Petrobras from $13.10 to $15.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. UBS Group upped their price target on shares of Petroleo Brasileiro S.A.- Petrobras from $14.40 to $14.60 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a report on Monday, December 29th. Finally, Wall Street Zen upgraded Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a report on Saturday, January 17th.

Institutional Trading of Petroleo Brasileiro S.A.- Petrobras

Several institutional investors have recently added to or reduced their stakes in PBR. Financial Gravity Companies Inc. bought a new stake in Petroleo Brasileiro S.A.- Petrobras in the 2nd quarter valued at about $26,000. GHP Investment Advisors Inc. acquired a new stake in shares of Petroleo Brasileiro S.A.- Petrobras in the fourth quarter valued at approximately $26,000. Clearstead Advisors LLC raised its holdings 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 buying an additional 1,706 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings 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 buying an additional 1,044 shares during the last quarter. Finally, Whipplewood Advisors LLC boosted its position in shares of Petroleo Brasileiro S.A.- Petrobras by 45.7% during the second quarter. Whipplewood Advisors LLC now owns 2,875 shares of the oil and gas exploration company’s stock worth $36,000 after buying an additional 902 shares during the period.

Petroleo Brasileiro S.A.- Petrobras Stock Performance

NYSE PBR opened at $15.19 on Monday. The stock has a market capitalization of $97.86 billion, a price-to-earnings ratio of 7.03, a PEG ratio of 0.30 and a beta of 0.49. The business’s 50 day moving average is $13.07 and its two-hundred day moving average is $12.65. Petroleo Brasileiro S.A.- Petrobras has a 12-month low of $11.03 and a 12-month high of $16.02. 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 Dividend Announcement

The firm also recently announced a special dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, December 26th will be paid a dividend of $0.0658 per share. The ex-dividend date is Friday, December 26th. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio is 21.76%.

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.