Brokerages Set Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) PT at $18.35

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) has earned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $18.35.

Several research analysts have recently commented on PBR shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a report on Friday, April 10th. UBS Group increased their price target on Petroleo Brasileiro S.A.- Petrobras from $14.40 to $14.60 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. Bank of America upgraded Petroleo Brasileiro S.A.- Petrobras from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $18.70 to $24.80 in a research note on Friday, April 17th. Jefferies Financial Group cut Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating and dropped their price objective for the company from $20.30 to $19.00 in a report on Friday, March 13th. Finally, Wall Street Zen upgraded Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research report on Sunday, March 22nd.

Institutional Investors Weigh In On Petroleo Brasileiro S.A.- Petrobras

A number of large investors have recently bought and sold shares of the company. Capital International Investors increased its holdings in Petroleo Brasileiro S.A.- Petrobras by 51.6% in the 4th quarter. Capital International Investors now owns 30,637,308 shares of the oil and gas exploration company’s stock valued at $363,052,000 after buying an additional 10,425,563 shares during the period. ARGA Investment Management LP lifted its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 0.9% during the 4th quarter. ARGA Investment Management LP now owns 18,975,177 shares of the oil and gas exploration company’s stock worth $224,856,000 after acquiring an additional 166,472 shares during the period. Mondrian Investment Partners LTD boosted its position in shares of Petroleo Brasileiro S.A.- Petrobras by 14.1% during the 4th quarter. Mondrian Investment Partners LTD now owns 12,655,094 shares of the oil and gas exploration company’s stock worth $149,963,000 after acquiring an additional 1,562,473 shares in the last quarter. Earnest Partners LLC increased its stake in Petroleo Brasileiro S.A.- Petrobras by 9.5% in the fourth quarter. Earnest Partners LLC now owns 5,335,330 shares of the oil and gas exploration company’s stock valued at $63,224,000 after acquiring an additional 462,889 shares during the last quarter. Finally, Perpetual Ltd increased its stake in Petroleo Brasileiro S.A.- Petrobras by 0.5% in the fourth quarter. Perpetual Ltd now owns 3,313,257 shares of the oil and gas exploration company’s stock valued at $39,262,000 after acquiring an additional 18,100 shares during the last quarter.

Petroleo Brasileiro S.A.- Petrobras Trading Down 4.0%

Shares of Petroleo Brasileiro S.A.- Petrobras stock opened at $20.89 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.48 and a current ratio of 0.71. The firm has a 50-day moving average of $19.74 and a 200-day moving average of $15.36. Petroleo Brasileiro S.A.- Petrobras has a 52-week low of $11.03 and a 52-week high of $22.24. The stock has a market cap of $134.64 billion, a PE ratio of 6.87, a PEG ratio of 0.81 and a beta of 0.38.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last issued its quarterly earnings data on Sunday, February 15th. The oil and gas exploration company reported $0.45 earnings per share for the quarter. The business had revenue of $23.61 billion during the quarter. Petroleo Brasileiro S.A.- Petrobras had a net margin of 22.01% and a return on equity of 24.26%. As a group, sell-side analysts forecast that Petroleo Brasileiro S.A.- Petrobras will post 4.66 EPS for the current year.

Petroleo Brasileiro S.A.- Petrobras Announces Dividend

The business also recently declared a special dividend, which will be paid on Thursday, May 28th. Investors of record on Friday, April 24th will be paid a $0.1191 dividend. The ex-dividend date of this dividend is Friday, April 24th. Petroleo Brasileiro S.A.- Petrobras’s payout ratio is 10.86%.

About Petroleo Brasileiro S.A.- Petrobras

Petróleo Brasileiro SA – Petrobras is a Brazilian, state-controlled integrated oil and gas company headquartered in Rio de Janeiro. Founded in 1953, Petrobras is principally engaged in the exploration and production of crude oil and natural gas, and operates across the full value chain from upstream activities through refining, transportation and downstream marketing of petroleum products. The company is a major player in Brazil’s energy sector and is a listed public company with global capital market presence.

Petrobras’s core activities include deepwater and ultra-deepwater exploration and production, where it has been a pioneer in developing pre-salt reserves off Brazil’s coast.