Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) has been given a consensus rating of “Hold” by the sixteen research firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $10.81.

PBR has been the subject of several recent research reports. Zacks Investment Research upgraded Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating and set a $8.75 price objective for the company in a research report on Tuesday, July 11th. Deutsche Bank AG upgraded Petroleo Brasileiro S.A.- Petrobras from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Credit Suisse Group reiterated a “buy” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research report on Friday, September 15th. ValuEngine upgraded Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, BidaskClub upgraded Petroleo Brasileiro S.A.- Petrobras from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th.

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Petroleo Brasileiro S.A.- Petrobras (PBR) traded down 1.14% during mid-day trading on Wednesday, reaching $10.40. 15,851,017 shares of the company’s stock were exchanged. The stock’s market cap is $67.83 billion. Petroleo Brasileiro S.A.- Petrobras has a one year low of $7.61 and a one year high of $12.56. The stock has a 50-day moving average of $9.62 and a 200-day moving average of $9.03.

Institutional investors and hedge funds have recently bought and sold shares of the company. Nationwide Fund Advisors grew its stake in Petroleo Brasileiro S.A.- Petrobras by 62.5% in the first quarter. Nationwide Fund Advisors now owns 130,000 shares of the oil and gas exploration company’s stock worth $1,260,000 after purchasing an additional 50,000 shares during the period. First Trust Advisors LP purchased a new stake in Petroleo Brasileiro S.A.- Petrobras in the first quarter worth $157,000. M&T Bank Corp purchased a new stake in Petroleo Brasileiro S.A.- Petrobras in the first quarter worth $159,000. TCW Group Inc. grew its stake in Petroleo Brasileiro S.A.- Petrobras by 12.7% in the first quarter. TCW Group Inc. now owns 432,700 shares of the oil and gas exploration company’s stock worth $4,193,000 after purchasing an additional 48,800 shares during the period. Finally, Wexford Capital LP purchased a new stake in Petroleo Brasileiro S.A.- Petrobras in the first quarter worth $181,000. 5.70% of the stock is currently owned by hedge funds and other institutional investors.

Petroleo Brasileiro S.A.- Petrobras Company Profile

Analyst Recommendations for Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR)

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