Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Hits New 12-Month Low – Here’s What Happened

Shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) hit a new 52-week low during trading on Friday . The company traded as low as $12.60 and last traded at $12.60, with a volume of 253506 shares trading hands. The stock had previously closed at $13.09.

Wall Street Analysts Forecast Growth

PBR has been the subject of several analyst reports. Hsbc Global Res downgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st. JPMorgan Chase & Co. raised Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $16.50 to $19.00 in a report on Wednesday, September 25th. HSBC lowered Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research note on Monday, October 21st. Finally, The Goldman Sachs Group raised their target price on Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Petróleo Brasileiro S.A. – Petrobras currently has an average rating of “Moderate Buy” and an average target price of $18.24.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

The firm has a market capitalization of $82.24 billion, a PE ratio of 4.93, a PEG ratio of 0.22 and a beta of 1.41. The company has a quick ratio of 0.71, a current ratio of 0.94 and a debt-to-equity ratio of 0.65. The company has a 50-day moving average of $13.78 and a 200 day moving average of $14.33.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The business also recently disclosed a — dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be given a dividend of $0.5338 per share. This represents a dividend yield of 18.8%. The ex-dividend date is Friday, December 13th. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio (DPR) is currently 65.23%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ashton Thomas Private Wealth LLC purchased a new stake in Petróleo Brasileiro S.A. – Petrobras during the second quarter valued at about $30,000. ORG Partners LLC raised its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 396.0% during the 3rd quarter. ORG Partners LLC now owns 2,103 shares of the oil and gas exploration company’s stock valued at $30,000 after buying an additional 1,679 shares in the last quarter. Bogart Wealth LLC lifted its position in Petróleo Brasileiro S.A. – Petrobras by 571.4% in the 3rd quarter. Bogart Wealth LLC now owns 2,350 shares of the oil and gas exploration company’s stock worth $34,000 after buying an additional 2,000 shares during the last quarter. Rosenberg Matthew Hamilton boosted its stake in Petróleo Brasileiro S.A. – Petrobras by 65.4% in the third quarter. Rosenberg Matthew Hamilton now owns 2,391 shares of the oil and gas exploration company’s stock worth $34,000 after buying an additional 945 shares in the last quarter. Finally, ANTIPODES PARTNERS Ltd bought a new position in Petróleo Brasileiro S.A. – Petrobras during the second quarter valued at approximately $45,000.

About Petróleo Brasileiro S.A. – Petrobras

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.