Equities research analysts forecast that Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) will announce $25.17 billion in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Petroleo Brasileiro S.A.- Petrobras’ earnings, with the lowest sales estimate coming in at $22.06 billion and the highest estimate coming in at $28.27 billion. Petroleo Brasileiro S.A.- Petrobras posted sales of $21.40 billion during the same quarter last year, which would indicate a positive year over year growth rate of 17.6%. The firm is expected to report its next earnings results on Tuesday, March 20th.

On average, analysts expect that Petroleo Brasileiro S.A.- Petrobras will report full year sales of $25.17 billion for the current fiscal year, with estimates ranging from $86.74 billion to $93.53 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $96.87 billion per share, with estimates ranging from $77.82 billion to $123.26 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Petroleo Brasileiro S.A.- Petrobras.

Several brokerages have commented on PBR. ValuEngine raised Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Barclays reaffirmed an “underweight” rating and issued a $8.00 price objective on shares of Petroleo Brasileiro S.A.- Petrobras in a research report on Wednesday, October 4th. Societe Generale downgraded Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating and upped their price objective for the company from $10.51 to $11.00 in a research report on Wednesday, October 18th. Zacks Investment Research raised Petroleo Brasileiro S.A.- Petrobras from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 17th. Finally, BidaskClub raised Petroleo Brasileiro S.A.- Petrobras from a “sell” rating to a “hold” rating in a research report on Thursday, August 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $10.48.

In related news, Director Christopher Geoffrey Hampson sold 250,000 shares of the company’s stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $0.18, for a total transaction of $45,000.00.

Several hedge funds and other institutional investors have recently modified their holdings of PBR. Axiom International Investors LLC DE raised its stake in Petroleo Brasileiro S.A.- Petrobras by 1.1% in the third quarter. Axiom International Investors LLC DE now owns 7,915,970 shares of the oil and gas exploration company’s stock valued at $79,476,000 after buying an additional 89,940 shares during the last quarter. Janus Henderson Group PLC raised its stake in Petroleo Brasileiro S.A.- Petrobras by 0.3% in the third quarter. Janus Henderson Group PLC now owns 5,598,345 shares of the oil and gas exploration company’s stock valued at $56,207,000 after buying an additional 17,898 shares during the last quarter. State of Wisconsin Investment Board raised its stake in Petroleo Brasileiro S.A.- Petrobras by 11,224.8% in the third quarter. State of Wisconsin Investment Board now owns 5,425,589 shares of the oil and gas exploration company’s stock valued at $54,473,000 after buying an additional 5,377,680 shares during the last quarter. Capital International Investors raised its stake in Petroleo Brasileiro S.A.- Petrobras by 0.4% in the second quarter. Capital International Investors now owns 4,208,705 shares of the oil and gas exploration company’s stock valued at $33,628,000 after buying an additional 15,258 shares during the last quarter. Finally, Horseman Capital Management Ltd purchased a new stake in Petroleo Brasileiro S.A.- Petrobras in the third quarter valued at about $25,000,000. Hedge funds and other institutional investors own 5.59% of the company’s stock.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) traded down $0.05 during trading hours on Friday, reaching $9.43. The company had a trading volume of 17,771,701 shares, compared to its average volume of 14,132,758. Petroleo Brasileiro S.A.- Petrobras has a one year low of $7.61 and a one year high of $11.71. The stock has a market cap of $61,504.80, a price-to-earnings ratio of 17.46 and a beta of 2.36. The company has a quick ratio of 1.66, a current ratio of 2.02 and a debt-to-equity ratio of 1.27.

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