Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) Receives $19.28 Average PT from Analysts

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) has earned an average rating of “Moderate Buy” from the seven research firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $19.28.

PBR has been the subject of a number of analyst reports. Bank of America upgraded Petroleo Brasileiro S.A.- Petrobras from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $18.70 to $24.80 in a research report on Friday, April 17th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research report on Friday, August 7th. JPMorgan Chase & Co. dropped their price objective on shares of Petroleo Brasileiro S.A.- Petrobras from $24.00 to $23.00 and set an “overweight” rating for the company in a report on Wednesday, June 3rd. Finally, Zacks Research cut shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 7th.

Petroleo Brasileiro S.A.- Petrobras Trading Down 0.0%

NYSE PBR opened at $17.89 on Monday. Petroleo Brasileiro S.A.- Petrobras has a one year low of $11.43 and a one year high of $22.24. The firm has a market cap of $115.26 billion, a PE ratio of 4.52, a P/E/G ratio of 0.73 and a beta of 0.33. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.49 and a current ratio of 0.85. The firm’s fifty day moving average is $17.63 and its two-hundred day moving average is $18.32.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last announced its quarterly earnings results on Tuesday, March 31st. The oil and gas exploration company reported $0.96 earnings per share (EPS) for the quarter. The company had revenue of $23.54 billion for the quarter. Petroleo Brasileiro S.A.- Petrobras had a net margin of 24.52% and a return on equity of 30.61%. Analysts expect that Petroleo Brasileiro S.A.- Petrobras will post 4.63 earnings per share for the current year.

Petroleo Brasileiro S.A.- Petrobras Announces Dividend

The firm also recently declared a special dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Tuesday, August 25th will be given a dividend of $0.2649 per share. The ex-dividend date of this dividend is Tuesday, August 25th. Petroleo Brasileiro S.A.- Petrobras’s payout ratio is 8.59%.

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

Large investors have recently added to or reduced their stakes in the stock. Capital International Investors grew its position in shares of 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 last quarter. ARGA Investment Management LP grew its stake in Petroleo Brasileiro S.A.- Petrobras by 0.9% in the 4th quarter. ARGA Investment Management LP now owns 18,975,177 shares of the oil and gas exploration company’s stock valued at $224,856,000 after purchasing an additional 166,472 shares during the period. Mondrian Investment Partners LTD increased its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 14.1% in the fourth 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 purchasing an additional 1,562,473 shares in the last quarter. Oaktree Capital Management LP purchased a new stake in shares of Petroleo Brasileiro S.A.- Petrobras in the first quarter worth about $126,355,000. Finally, Earnest Partners LLC raised its position in shares of Petroleo Brasileiro S.A.- Petrobras by 9.5% during the 4th 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 buying an additional 462,889 shares in the last quarter.

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.