Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Receives $18.24 Consensus Target Price from Analysts

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) has received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $18.24.

PBR has been the topic of several recent research reports. The Goldman Sachs Group lifted their target price on shares of 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. Hsbc Global Res cut shares of Petróleo Brasileiro S.A. – Petrobras from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 21st. Finally, HSBC downgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a report on Monday, October 21st.

Petróleo Brasileiro S.A. – Petrobras Price Performance

Shares of PBR opened at $13.87 on Monday. The business’s 50-day moving average is $13.69 and its two-hundred day moving average is $14.19. The company has a market capitalization of $89.71 billion, a P/E ratio of 5.42, a P/E/G ratio of 0.17 and a beta of 1.41. Petróleo Brasileiro S.A. – Petrobras has a fifty-two week low of $12.55 and a fifty-two week high of $17.91. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.94.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The firm also recently announced a — dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were paid a dividend of $0.5338 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a yield of 18.8%. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio (DPR) is 58.20%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Rakuten Securities Inc. grew its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 58.2% in the third quarter. Rakuten Securities Inc. now owns 112,624 shares of the oil and gas exploration company’s stock valued at $1,623,000 after buying an additional 41,447 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its position in Petróleo Brasileiro S.A. – Petrobras by 18.6% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 1,696,360 shares of the oil and gas exploration company’s stock valued at $24,445,000 after acquiring an additional 265,560 shares in the last quarter. Mackenzie Financial Corp increased its stake in Petróleo Brasileiro S.A. – Petrobras by 2.8% during the second quarter. Mackenzie Financial Corp now owns 1,436,098 shares of the oil and gas exploration company’s stock worth $20,809,000 after purchasing an additional 39,682 shares during the period. Creative Planning lifted its position in shares of Petróleo Brasileiro S.A. – Petrobras by 31.6% during the third quarter. Creative Planning now owns 155,013 shares of the oil and gas exploration company’s stock worth $2,234,000 after purchasing an additional 37,181 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the third quarter valued at approximately $141,372,000.

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.