Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Receives Average Recommendation of “Moderate Buy” from Analysts

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) has been given an average rating of “Moderate Buy” by the nine analysts that are covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $16.76.

A number of research analysts have weighed in on the company. Bank of America lowered Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “neutral” rating and set a $16.00 target price for the company. in a report on Friday, March 8th. HSBC raised Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Monday, March 25th. UBS Group lifted their price target on shares of Petróleo Brasileiro S.A. – Petrobras from $17.20 to $17.40 and gave the company a “buy” rating in a report on Monday, March 25th. Finally, Morgan Stanley cut shares of Petróleo Brasileiro S.A. – Petrobras from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $20.00 to $18.00 in a report on Monday, March 11th.

Petróleo Brasileiro S.A. – Petrobras Stock Down 5.1 %

Shares of Petróleo Brasileiro S.A. – Petrobras stock opened at $16.45 on Friday. The business has a 50 day moving average price of $15.90 and a 200-day moving average price of $15.95. 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 has a 52 week low of $10.03 and a 52 week high of $17.91.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) last posted its quarterly earnings data on Friday, March 8th. The oil and gas exploration company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.15. The business had revenue of $27.11 billion during the quarter, compared to the consensus estimate of $26.45 billion. Petróleo Brasileiro S.A. – Petrobras had a net margin of 24.30% and a return on equity of 34.44%. Equities research analysts predict that Petróleo Brasileiro S.A. – Petrobras will post 3.61 earnings per share for the current year.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The firm also recently disclosed a Variable dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Monday, May 6th will be paid a $0.3406 dividend. This represents a dividend yield of 16.25%. The ex-dividend date is Friday, May 3rd. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio (DPR) is 21.99%.

Institutional Trading of Petróleo Brasileiro S.A. – Petrobras

Large investors have recently added to or reduced their stakes in the company. Artisan Partners Limited Partnership bought a new stake in Petróleo Brasileiro S.A. – Petrobras during the 4th quarter valued at about $218,758,000. Qube Research & Technologies Ltd acquired a new stake in Petróleo Brasileiro S.A. – Petrobras during the 3rd quarter valued at approximately $62,049,000. Perpetual Ltd purchased a new stake in Petróleo Brasileiro S.A. – Petrobras in the first quarter valued at $56,337,000. RWC Asset Advisors US LLC boosted its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 117.2% in the third quarter. RWC Asset Advisors US LLC now owns 5,666,762 shares of the oil and gas exploration company’s stock worth $84,945,000 after buying an additional 3,057,798 shares during the last quarter. Finally, Norden Group LLC boosted its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 3,457.9% in the first quarter. Norden Group LLC now owns 2,919,298 shares of the oil and gas exploration company’s stock worth $44,403,000 after buying an additional 2,837,247 shares during the last quarter.

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.