Petroleo Brasileiro SA Petrobras (NYSE:PBR) was the recipient of a significant decrease in short interest during the month of December. As of December 29th, there was short interest totalling 43,190,039 shares, a decrease of 15.9% from the December 15th total of 51,328,068 shares. Based on an average trading volume of 10,652,570 shares, the days-to-cover ratio is presently 4.1 days.

A number of hedge funds and other institutional investors have recently modified their holdings of PBR. IHT Wealth Management LLC bought a new position in Petroleo Brasileiro SA Petrobras in the 2nd quarter valued at approximately $103,000. D.A. Davidson & CO. raised its holdings in Petroleo Brasileiro SA Petrobras by 276.6% in the 2nd quarter. D.A. Davidson & CO. now owns 13,402 shares of the oil and gas exploration company’s stock valued at $107,000 after buying an additional 9,843 shares during the last quarter. KCS Wealth Advisory bought a new position in Petroleo Brasileiro SA Petrobras in the 4th quarter valued at approximately $136,000. Oppenheimer & Co. Inc. raised its holdings in Petroleo Brasileiro SA Petrobras by 54.5% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 17,577 shares of the oil and gas exploration company’s stock valued at $140,000 after buying an additional 6,200 shares during the last quarter. Finally, Van ECK Associates Corp raised its holdings in Petroleo Brasileiro SA Petrobras by 11.6% in the 2nd quarter. Van ECK Associates Corp now owns 18,684 shares of the oil and gas exploration company’s stock valued at $149,000 after buying an additional 1,947 shares during the last quarter. Institutional investors and hedge funds own 5.57% of the company’s stock.

A number of research analysts have recently commented on the stock. Barclays reissued an “underweight” rating and issued a $8.00 target price on shares of Petroleo Brasileiro SA Petrobras in a report on Wednesday, October 4th. Societe Generale cut shares of Petroleo Brasileiro SA 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 report on Wednesday, October 18th. Zacks Investment Research raised shares of Petroleo Brasileiro SA Petrobras from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 17th. Raymond James Financial reissued a “market perform” rating on shares of Petroleo Brasileiro SA Petrobras in a report on Wednesday, October 4th. Finally, Credit Suisse Group set a $12.00 target price on shares of Petroleo Brasileiro SA Petrobras and gave the stock a “buy” rating in a report on Monday, December 25th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $11.13.

Petroleo Brasileiro SA Petrobras (NYSE:PBR) opened at $11.47 on Tuesday. The stock has a market cap of $72,840.00, a P/E ratio of 31.86 and a beta of 2.36. Petroleo Brasileiro SA Petrobras has a fifty-two week low of $7.61 and a fifty-two week high of $11.50. The company has a quick ratio of 1.66, a current ratio of 2.02 and a debt-to-equity ratio of 1.27.

Petroleo Brasileiro SA Petrobras (NYSE:PBR) last issued its quarterly earnings data on Tuesday, November 14th. The oil and gas exploration company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). Petroleo Brasileiro SA Petrobras had a net margin of 2.71% and a return on equity of 4.17%. equities analysts expect that Petroleo Brasileiro SA Petrobras will post 0.72 earnings per share for the current year.

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