Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Stock Rating Lowered by Hsbc Global Res

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) was downgraded by Hsbc Global Res from a “strong-buy” rating to a “hold” rating in a research report issued on Monday, Zacks.com reports.

A number of other equities analysts have also recently issued reports on the stock. Morgan Stanley upgraded shares of Petróleo Brasileiro S.A. – Petrobras from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $18.00 to $20.00 in a research note on Monday, August 26th. The Goldman Sachs Group decreased their price objective on shares of Petróleo Brasileiro S.A. – Petrobras from $19.30 to $16.70 and set a “buy” rating for the company in a report on Tuesday, August 13th. Bank of America raised Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to a “buy” rating and increased their target price for the company from $16.80 to $17.90 in a report on Thursday, June 27th. HSBC cut Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a report on Monday. Finally, JPMorgan Chase & Co. upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $16.50 to $19.00 in a research report on Wednesday, September 25th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $18.20.

Petróleo Brasileiro S.A. – Petrobras Stock Down 0.6 %

Petróleo Brasileiro S.A. – Petrobras stock opened at $13.88 on Monday. The company has a current ratio of 0.90, a quick ratio of 0.67 and a debt-to-equity ratio of 0.70. Petróleo Brasileiro S.A. – Petrobras has a 1-year low of $12.90 and a 1-year high of $17.91. The firm has a 50 day simple moving average of $14.80 and a 200 day simple moving average of $15.05.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) last posted its quarterly earnings data on Thursday, August 8th. The oil and gas exploration company reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. The firm had revenue of $23.47 billion for the quarter, compared to analysts’ expectations of $24.22 billion. Petróleo Brasileiro S.A. – Petrobras had a net margin of 16.17% and a return on equity of 28.42%. On average, sell-side analysts expect that Petróleo Brasileiro S.A. – Petrobras will post 2.4 EPS for the current fiscal year.

Institutional Investors Weigh In On Petróleo Brasileiro S.A. – Petrobras

A number of large investors have recently made changes to their positions in PBR. EverSource Wealth Advisors LLC grew its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 460.2% in the first quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the oil and gas exploration company’s stock worth $27,000 after acquiring an additional 1,468 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Petróleo Brasileiro S.A. – Petrobras during the second quarter worth $30,000. ORG Partners LLC increased its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 396.0% during the third quarter. ORG Partners LLC now owns 2,103 shares of the oil and gas exploration company’s stock worth $30,000 after acquiring an additional 1,679 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Petróleo Brasileiro S.A. – Petrobras in the second quarter valued at $32,000. Finally, Nisa Investment Advisors LLC purchased a new position in Petróleo Brasileiro S.A. – Petrobras in the 2nd quarter valued at approximately $35,000.

Petróleo Brasileiro S.A. – Petrobras Company Profile

Petróleo Brasileiro SA – Petrobras explores, produces, and sells oil and gas in Brazil and internationally. The company operates through three segments: Exploration and Production; Refining, Transportation and Marketing; and Gas and Power. The Exploration and Production segment explores, develops, and produces crude oil, natural gas liquids, and natural gas primarily for supplies to the domestic refineries.