Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) has been given a $12.00 target price by analysts at Credit Suisse Group in a report released on Friday. The firm presently has a “buy” rating on the oil and gas exploration company’s stock. Credit Suisse Group’s price objective would indicate a potential upside of 41.51% from the stock’s current price.

Other equities analysts have also recently issued reports about the stock. BidaskClub raised shares of Petroleo Brasileiro S.A.- Petrobras from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. TheStreet raised shares of Petroleo Brasileiro S.A.- Petrobras from a “d+” rating to a “c-” rating in a research report on Monday. Zacks Investment Research cut shares of Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Barclays PLC reissued an “underweight” rating and set a $8.00 price target (down from $11.00) on shares of Petroleo Brasileiro S.A.- Petrobras in a research report on Wednesday, July 12th. Finally, ValuEngine raised shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research report on Saturday, May 27th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $10.51.

Shares of Petroleo Brasileiro S.A.- Petrobras (NYSE PBR) traded down 1.62% during mid-day trading on Friday, reaching $8.48. 13,896,336 shares of the company’s stock traded hands. The firm’s market cap is $55.31 billion. The company’s 50 day moving average is $8.39 and its 200-day moving average is $9.23. Petroleo Brasileiro S.A.- Petrobras has a 52 week low of $7.61 and a 52 week high of $12.56.

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Large investors have recently bought and sold shares of the stock. Gould Asset Management LLC CA raised its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 1.3% in the first quarter. Gould Asset Management LLC CA now owns 17,668 shares of the oil and gas exploration company’s stock valued at $171,000 after buying an additional 235 shares during the last quarter. SOL Capital Management CO raised its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 1.0% in the second quarter. SOL Capital Management CO now owns 24,150 shares of the oil and gas exploration company’s stock valued at $193,000 after buying an additional 250 shares during the last quarter. Private Advisor Group LLC raised its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 1.0% in the first quarter. Private Advisor Group LLC now owns 33,507 shares of the oil and gas exploration company’s stock valued at $328,000 after buying an additional 328 shares during the last quarter. AGF Investments Inc. raised its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 1.4% in the second quarter. AGF Investments Inc. now owns 87,020 shares of the oil and gas exploration company’s stock valued at $695,000 after buying an additional 1,231 shares during the last quarter. Finally, Eqis Capital Management Inc. raised its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 8.5% in the second quarter. Eqis Capital Management Inc. now owns 16,082 shares of the oil and gas exploration company’s stock valued at $128,000 after buying an additional 1,262 shares during the last quarter. 6.25% of the stock is currently owned by institutional investors and hedge funds.

Petroleo Brasileiro S.A.- Petrobras Company Profile

Analyst Recommendations for Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR)

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