Petróleo Brasileiro S.A. – Petrobras Plans Quarterly Dividend of $0.21 (NYSE:PBR)

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) announced a quarterly dividend on Tuesday, April 16th, NASDAQ reports. Stockholders of record on Monday, April 29th will be given a dividend of 0.2084 per share by the oil and gas exploration company on Thursday, June 27th. This represents a $0.83 annualized dividend and a dividend yield of 4.96%. The ex-dividend date is Friday, April 26th.

Petróleo Brasileiro S.A. – Petrobras has a dividend payout ratio of 26.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Petróleo Brasileiro S.A. – Petrobras to earn $3.11 per share next year, which means the company should continue to be able to cover its $0.83 annual dividend with an expected future payout ratio of 26.7%.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

PBR opened at $16.82 on Thursday. The business’s fifty day simple moving average is $15.96 and its 200 day simple moving average is $15.87. Petróleo Brasileiro S.A. – Petrobras has a 52 week low of $10.01 and a 52 week high of $17.91. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.96 and a quick ratio of 0.73.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) last announced its quarterly earnings data on Friday, March 8th. The oil and gas exploration company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.12 by $0.15. The firm had revenue of $27.11 billion for the quarter, compared to analyst estimates of $26.45 billion. Petróleo Brasileiro S.A. – Petrobras had a return on equity of 34.44% and a net margin of 24.30%. On average, analysts predict that Petróleo Brasileiro S.A. – Petrobras will post 3.51 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on PBR shares. UBS Group lifted their price target on shares of Petróleo Brasileiro S.A. – Petrobras from $17.20 to $17.40 and gave the stock a “buy” rating in a research note on Monday, March 25th. HSBC upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Monday, March 25th. Morgan Stanley lowered shares of Petróleo Brasileiro S.A. – Petrobras from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $20.00 to $18.00 in a research report on Monday, March 11th. Finally, Bank of America downgraded Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “neutral” rating and set a $16.00 price objective on the stock. in a report on Friday, March 8th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $16.76.

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 Exploration and Production; Refining, Transportation and Marketing; and Gas and Power. It also engages in prospecting, drilling, refining, processing, trading, and transporting crude oil from producing onshore and offshore oil fields, and shale or other rocks, as well as oil products, natural gas, and other liquid hydrocarbons.