Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) has been assigned a $12.00 price objective by equities researchers at Credit Suisse Group in a note issued to investors on Monday. The brokerage currently has a “buy” rating on the oil and gas exploration company’s stock. Credit Suisse Group’s price objective points to a potential upside of 16.62% from the stock’s previous close.
A number of other research firms also recently issued reports on PBR. Societe Generale downgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating and increased their target price for the stock from $10.51 to $11.00 in a research report on Wednesday, October 18th. Raymond James Financial restated a “market perform” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a report on Wednesday, October 4th. ValuEngine upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Barclays set a $10.00 target price on shares of Petroleo Brasileiro S.A.- Petrobras and gave the stock a “sell” rating in a report on Tuesday, October 10th. Finally, Zacks Investment Research upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 17th. One 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’s stock. The company has a consensus rating of “Hold” and a consensus target price of $10.48.
Petroleo Brasileiro S.A.- Petrobras (NYSE PBR) traded up $0.07 during mid-day trading on Monday, reaching $10.29. 9,125,004 shares of the company’s stock were exchanged, compared to its average volume of 18,230,273. Petroleo Brasileiro S.A.- Petrobras has a 12 month low of $7.61 and a 12 month high of $11.71. The company has a current ratio of 2.02, a quick ratio of 1.66 and a debt-to-equity ratio of 1.27. The stock has a market cap of $65,874.71, a P/E ratio of 27.81 and a beta of 2.36.
Institutional investors have recently added to or reduced their stakes in the company. Airain ltd acquired a new position in shares of Petroleo Brasileiro S.A.- Petrobras in the second quarter valued at approximately $4,094,000. Quantbot Technologies LP raised its position in Petroleo Brasileiro S.A.- Petrobras by 402.2% during the third quarter. Quantbot Technologies LP now owns 143,884 shares of the oil and gas exploration company’s stock worth $1,444,000 after acquiring an additional 115,234 shares in the last quarter. First Trust Advisors LP raised its position in Petroleo Brasileiro S.A.- Petrobras by 15.5% during the third quarter. First Trust Advisors LP now owns 226,815 shares of the oil and gas exploration company’s stock worth $2,277,000 after acquiring an additional 30,375 shares in the last quarter. Thornburg Investment Management Inc. raised its position in shares of Petroleo Brasileiro S.A.- Petrobras by 24.5% in the third quarter. Thornburg Investment Management Inc. now owns 2,020,443 shares of the oil and gas exploration company’s stock valued at $20,285,000 after purchasing an additional 397,390 shares during the period. Finally, Axiom International Investors LLC DE raised its position in shares of 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 purchasing an additional 89,940 shares during the period. Institutional investors own 5.54% of the company’s stock.
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Petroleo Brasileiro S.A.- Petrobras Company Profile
