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

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

Other analysts also recently issued reports about the company. 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 note on Wednesday. StockNews.com downgraded Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research note on Monday. Finally, The Goldman Sachs Group lifted their price target on Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $17.81.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

Shares of Petróleo Brasileiro S.A. – Petrobras stock opened at $12.85 on Wednesday. The company has a market cap of $82.78 billion, a PE ratio of 5.02, a price-to-earnings-growth ratio of 0.18 and a beta of 1.39. Petróleo Brasileiro S.A. – Petrobras has a 52 week low of $12.55 and a 52 week high of $17.44. The business has a 50 day moving average price of $13.73 and a 200-day moving average price of $14.10. The company has a quick ratio of 0.71, a current ratio of 0.94 and a debt-to-equity ratio of 0.65.

Hedge Funds Weigh In On Petróleo Brasileiro S.A. – Petrobras

Institutional investors have recently added to or reduced their stakes in the stock. Ethos Financial Group LLC bought a new position in Petróleo Brasileiro S.A. – Petrobras during the fourth quarter valued at about $25,000. Tandem Financial LLC bought a new position in Petróleo Brasileiro S.A. – Petrobras during the fourth quarter valued at about $39,000. Whipplewood Advisors LLC bought a new position in Petróleo Brasileiro S.A. – Petrobras during the fourth quarter valued at about $40,000. Ameliora Wealth Management Ltd. bought a new position in Petróleo Brasileiro S.A. – Petrobras during the fourth quarter worth about $51,000. Finally, Kapitalo Investimentos Ltda boosted its position in Petróleo Brasileiro S.A. – Petrobras by 104.4% during the fourth quarter. Kapitalo Investimentos Ltda now owns 6,663 shares of the oil and gas exploration company’s stock worth $86,000 after purchasing an additional 156,663 shares during the period.

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.