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Shares of Petroleo Brasileiro Petrobras SA (NYSE:PBR) were the target of unusually large options trading activity on Wednesday. Stock investors purchased 45,232 put options on the stock, AmericanBankingNews.com reports. This is an increase of approximately 251% compared to the typical daily volume of 12,902 put options.

A number of analysts have recently weighed in on PBR shares. Analysts at Zacks downgraded shares of Petroleo Brasileiro Petrobras SA from an “outperform” rating to a “neutral” rating in a research note on Wednesday, August 13th. They now have a $20.30 price target on the stock. Separately, analysts at Barclays raised their price target on shares of Petroleo Brasileiro Petrobras SA from $21.00 to $23.00 in a research note on Monday, July 28th. Finally, analysts at Barclays upgraded shares of Petroleo Brasileiro Petrobras SA from an “equal weight” rating to an “overweight” rating in a research note on Friday, July 25th. They now have a $22.00 price target on the stock, up previously from $20.00. Five analysts have rated the stock with a hold rating, Petroleo Brasileiro Petrobras SA has a consensus rating of “Hold” and an average price target of $17.46.

Petroleo Brasileiro Petrobras SA (NYSE:PBR) traded down 1.74% during mid-day trading on Wednesday, hitting $20.29. The stock had a trading volume of 38,635,800 shares. Petroleo Brasileiro Petrobras SA has a 1-year low of $10.20 and a 1-year high of $20.87. The stock has a 50-day moving average of $17.03 and a 200-day moving average of $14.50. The company has a market cap of $132.3 billion and a price-to-earnings ratio of 15.07.

Petroleo Brasileiro Petrobras SA (NYSE:PBR) last released its earnings data on Tuesday, August 12th. The company reported $0.36 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.48 by $0.12. Analysts expect that Petroleo Brasileiro Petrobras SA will post $1.92 EPS for the current fiscal year.

Petroleo Brasileiro SA Petrobras (NYSE:PBR) is a Brazil-based integrated oil and gas company.

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