Brokerages Set Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Target Price at $17.81

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) has been given an average rating of “Buy” by the eight analysts that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $17.81.

A number of research analysts recently issued reports on the stock. StockNews.com lowered shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. Hsbc Global Res raised Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Finally, HSBC raised Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Wednesday, March 5th.

Institutional Trading of Petróleo Brasileiro S.A. – Petrobras

A number of institutional investors and hedge funds have recently modified their holdings of PBR. Fairtree Asset Management Pty Ltd acquired a new stake in Petróleo Brasileiro S.A. – Petrobras during the fourth quarter worth $660,000. Comprehensive Money Management Services LLC acquired a new position in Petróleo Brasileiro S.A. – Petrobras in the fourth quarter worth about $256,000. University of Texas Texas AM Investment Management Co. raised its position in Petróleo Brasileiro S.A. – Petrobras by 51.3% in the fourth quarter. University of Texas Texas AM Investment Management Co. now owns 191,051 shares of the oil and gas exploration company’s stock worth $2,457,000 after purchasing an additional 64,759 shares in the last quarter. Sunbelt Securities Inc. boosted its holdings in Petróleo Brasileiro S.A. – Petrobras by 67.0% during the fourth quarter. Sunbelt Securities Inc. now owns 10,031 shares of the oil and gas exploration company’s stock valued at $128,000 after purchasing an additional 4,026 shares in the last quarter. Finally, GTS Securities LLC acquired a new stake in Petróleo Brasileiro S.A. – Petrobras during the fourth quarter valued at approximately $281,000.

Petróleo Brasileiro S.A. – Petrobras Trading Down 0.0 %

Shares of NYSE:PBR opened at $14.39 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.71 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $92.70 billion, a PE ratio of 5.62, a P/E/G ratio of 0.18 and a beta of 1.39. Petróleo Brasileiro S.A. – Petrobras has a 1 year low of $12.45 and a 1 year high of $17.44. The firm has a fifty day moving average price of $13.85 and a 200 day moving average price of $13.93.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The company also recently disclosed a — dividend, which will be paid on Friday, June 27th. Shareholders of record on Tuesday, April 22nd will be given a $0.2403 dividend. The ex-dividend date is Tuesday, April 22nd. This represents a dividend yield of 19%. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio is currently 138.79%.

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.