Brokerages Set Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Price Target at $18.24

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) has earned an average recommendation of “Moderate Buy” from the eight research firms that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $18.24.

A number of equities analysts recently issued reports on the stock. HSBC downgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a report on Monday, October 21st. Hsbc Global Res downgraded Petróleo Brasileiro S.A. – Petrobras from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 21st. The Goldman Sachs Group lifted their price objective 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. Finally, JPMorgan Chase & Co. raised shares of Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $16.50 to $19.00 in a research report on Wednesday, September 25th.

Petróleo Brasileiro S.A. – Petrobras Price Performance

Shares of NYSE:PBR opened at $13.02 on Thursday. The business has a 50-day simple moving average of $13.69 and a two-hundred day simple moving average of $14.30. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.94. The firm has a market cap of $84.92 billion, a price-to-earnings ratio of 5.09, a price-to-earnings-growth ratio of 0.22 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.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The business also recently declared a — dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were issued a $0.5338 dividend. The ex-dividend date was Friday, December 13th. This represents a dividend yield of 18.8%. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio is presently 57.81%.

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

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

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.