Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR – Get 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%
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.
More Petroleo Brasileiro S.A.- Petrobras News
Here are the key news stories impacting Petroleo Brasileiro S.A.- Petrobras this week:
- Positive Sentiment: Petrobras will raise diesel prices to distributors by 0.38 reais per liter starting March 14, which should help near‑term revenue and margins after the recent oil shock. Brazil’s Petrobras to raise diesel prices after oil shock
- Positive Sentiment: Petrobras signed a $736 million deal with Oceanica for six offshore support vessels to expand subsea inspection, maintenance and intervention capacity across Brazil’s offshore fields — a capex push that supports sustained production and field uptime. Petrobras Inks $736 Million Offshore Vessel Contracts With Oceanica
- Positive Sentiment: P‑78 FPSO achieved first gas injection just 61 days after first oil, which should lift output at the Buzios pre‑salt field and support production guidance. This operational milestone reduces execution risk on growth projects. Petrobras Achieves Key Milestone With P-78 FPSO’s First Gas Injection
- Positive Sentiment: Goldman Sachs reaffirmed a buy on Petrobras, adding institutional support to the thesis that the company can deliver on upstream growth and cash generation. Goldman Sachs Remains a Buy on Petroleo Brasileiro SA- Petrobras (PBR)
- Neutral Sentiment: Long‑term performance write‑ups highlight how a decade‑long investment in Petrobras would have performed — useful context for long‑term investors but not an immediate price driver. Here’s How Much a $1000 Investment in Petrobras Made 10 Years Ago Would Be Worth Today
- Neutral Sentiment: Macro commentary on Brazil ETF (EWZ) and oil prices underscores that Petrobras remains highly correlated to oil — positive for upside if oil stays elevated, but also increases volatility risk. If Oil Holds Above $90, EWZ Investors Are Going To Be In For A Wild Ride
- Negative Sentiment: Petrobras’ board approved joining Brazil’s newly announced diesel commercialization subsidy program (pending regulator details). Investors often view government subsidy programs as a potential source of political interference or margin constraints unless compensation terms fully protect the company. Petrobras Joins Brazil’s Diesel Subsidy Program to Stabilize Prices
- Negative Sentiment: Jefferies downgraded Petrobras from buy to hold and trimmed its price target to $19 (from $20.30), signaling more cautious near‑term expectations and reducing some analyst momentum. Jefferies downgrades Petrobras
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.
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