Petroleo Brasileiro SA Petrobras (NYSE:PBR) has been assigned a $15.00 price objective by investment analysts at Credit Suisse Group in a research report issued on Monday. The brokerage presently has a “hold” rating on the oil and gas exploration company’s stock. Credit Suisse Group’s price target would indicate a potential upside of 12.78% from the stock’s current price.
Other equities analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of Petroleo Brasileiro SA Petrobras from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research report on Tuesday, January 2nd. ValuEngine cut shares of Petroleo Brasileiro SA Petrobras from a “buy” rating to a “hold” rating in a research report on Tuesday, November 21st. Societe Generale cut shares of Petroleo Brasileiro SA Petrobras from a “buy” rating to a “hold” rating and boosted their target price for the company from $10.51 to $11.00 in a research report on Wednesday, October 18th. HSBC cut shares of Petroleo Brasileiro SA Petrobras from a “buy” rating to a “hold” rating in a research report on Tuesday, January 23rd. Finally, Raymond James Financial reiterated a “market perform” rating on shares of Petroleo Brasileiro SA Petrobras in a research report on Wednesday, October 4th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $11.73.
Shares of Petroleo Brasileiro SA Petrobras (NYSE PBR) traded down $0.33 during trading hours on Monday, hitting $13.30. 30,150,598 shares of the stock traded hands, compared to its average volume of 19,580,000. The firm has a market cap of $84,470.00, a PE ratio of 35.95 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. Petroleo Brasileiro SA Petrobras has a one year low of $7.61 and a one year high of $13.89.
A number of hedge funds have recently added to or reduced their stakes in the stock. IHT Wealth Management LLC acquired a new position in Petroleo Brasileiro SA Petrobras during the 2nd quarter worth approximately $103,000. D.A. Davidson & CO. increased its position in Petroleo Brasileiro SA Petrobras by 276.6% during the 2nd quarter. D.A. Davidson & CO. now owns 13,402 shares of the oil and gas exploration company’s stock worth $107,000 after purchasing an additional 9,843 shares in the last quarter. Private Advisor Group LLC increased its position in Petroleo Brasileiro SA Petrobras by 50.2% during the 3rd quarter. Private Advisor Group LLC now owns 29,488 shares of the oil and gas exploration company’s stock worth $303,000 after purchasing an additional 9,862 shares in the last quarter. KCS Wealth Advisory acquired a new position in Petroleo Brasileiro SA Petrobras during the 4th quarter worth approximately $136,000. Finally, FDx Advisors Inc. increased its position in Petroleo Brasileiro SA Petrobras by 29.2% during the 3rd quarter. FDx Advisors Inc. now owns 58,401 shares of the oil and gas exploration company’s stock worth $586,000 after purchasing an additional 13,213 shares in the last quarter. Institutional investors and hedge funds own 5.57% of the company’s stock.
Petroleo Brasileiro SA Petrobras Company Profile
Petroleo Brasileiro SA-Petrobras specializes in the oil, natural gas and energy industry. The Company is engaged in prospecting, drilling, refining, processing, trading and transporting crude oil from producing onshore and offshore oil fields and from shale or other rocks. Its segments include Exploration and Production, which covers the activities of exploration, development and production of crude oil, natural gas liquid and natural gas; Refining, Transportation and Marketing, which covers the refining, logistics, transport and trading of crude oil and oil products activities, exporting of ethanol, and extraction and processing of shale; Gas and Power, which is engaged in transportation and trading of natural gas produced in Brazil and imported natural gas; Biofuels, which covers the activities of production of biodiesel and its co-products, and ethanol-related activities; Distribution, which includes the activities of its subsidiary Petrobras Distribuidora SA, and Corporate.
