Analysts Set Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) Price Target at $14.97

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBRGet Free Report) has received a consensus rating of “Hold” from the six research firms that are presently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $16.20.

A number of research analysts recently commented on the stock. Wall Street Zen lowered shares of Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating in a research note on Saturday. UBS Group upped their target price on 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. Jefferies Financial Group lowered Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating and decreased their price target for the company from $20.30 to $19.00 in a research note on Friday. The Goldman Sachs Group lifted their price target on Petroleo Brasileiro S.A.- Petrobras from $13.10 to $15.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research note on Monday, December 29th.

Get Our Latest Analysis on Petroleo Brasileiro S.A.- Petrobras

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

Institutional investors and hedge funds have recently bought and sold shares of the business. Capital International Investors grew its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 51.6% in the 4th quarter. Capital International Investors now owns 30,637,308 shares of the oil and gas exploration company’s stock worth $363,052,000 after purchasing an additional 10,425,563 shares during the last quarter. ARGA Investment Management LP lifted its stake in Petroleo Brasileiro S.A.- Petrobras by 0.9% during the fourth quarter. ARGA Investment Management LP now owns 18,975,177 shares of the oil and gas exploration company’s stock valued at $224,856,000 after purchasing an additional 166,472 shares during the last quarter. Mondrian Investment Partners LTD boosted its holdings in Petroleo Brasileiro S.A.- Petrobras by 14.1% during the fourth quarter. Mondrian Investment Partners LTD now owns 12,655,094 shares of the oil and gas exploration company’s stock worth $149,963,000 after buying an additional 1,562,473 shares in the last quarter. Earnest Partners LLC boosted its holdings in Petroleo Brasileiro S.A.- Petrobras by 9.5% during the fourth quarter. Earnest Partners LLC now owns 5,335,330 shares of the oil and gas exploration company’s stock worth $63,224,000 after buying an additional 462,889 shares in the last quarter. Finally, Perpetual Ltd grew its position in Petroleo Brasileiro S.A.- Petrobras by 0.5% in the fourth quarter. Perpetual Ltd now owns 3,313,257 shares of the oil and gas exploration company’s stock worth $39,262,000 after buying an additional 18,100 shares during the last quarter.

Petroleo Brasileiro S.A.- Petrobras Stock Performance

Shares of PBR opened at $18.57 on Friday. The firm has a market capitalization of $119.65 billion, a PE ratio of 6.11, a P/E/G ratio of 0.18 and a beta of 0.51. 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 50-day moving average price of $15.07 and a 200 day moving average price of $13.29. Petroleo Brasileiro S.A.- Petrobras has a 52-week low of $11.03 and a 52-week high of $19.29.

Petroleo Brasileiro S.A.- Petrobras Announces Dividend

The firm also recently declared a special dividend, which will be paid on Thursday, May 28th. Shareholders of record on Friday, April 24th will be given a $0.1191 dividend. The ex-dividend date is Friday, April 24th. Petroleo Brasileiro S.A.- Petrobras’s payout ratio is 13.16%.

Key Stories Impacting Petroleo Brasileiro S.A.- Petrobras

Here are the key news stories impacting Petroleo Brasileiro S.A.- Petrobras this week:

About Petroleo Brasileiro S.A.- Petrobras

(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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Analyst Recommendations for Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR)

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