Petroleo Brasileiro SA Petrobras (PBR) Given Consensus Recommendation of “Hold” by Brokerages

Petroleo Brasileiro SA Petrobras (NYSE:PBR) has earned an average rating of “Hold” from the thirteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $11.66.

Several equities research analysts have recently issued reports on the company. Zacks Investment Research downgraded Petroleo Brasileiro SA Petrobras from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Credit Suisse Group set a $15.00 price target on Petroleo Brasileiro SA Petrobras and gave the company a “hold” rating in a research report on Monday, January 29th. ValuEngine raised Petroleo Brasileiro SA Petrobras from a “hold” rating to a “buy” rating in a research report on Friday. Goldman Sachs Group raised Petroleo Brasileiro SA Petrobras from a “sell” rating to a “neutral” rating in a research report on Thursday, February 1st. Finally, HSBC downgraded Petroleo Brasileiro SA Petrobras from a “buy” rating to a “hold” rating in a research report on Tuesday, January 23rd.

Several large investors have recently modified their holdings of PBR. IHT Wealth Management LLC acquired a new stake in Petroleo Brasileiro SA Petrobras during the second quarter worth about $103,000. D.A. Davidson & CO. grew its position in Petroleo Brasileiro SA Petrobras by 276.6% during the second quarter. D.A. Davidson & CO. now owns 13,402 shares of the oil and gas exploration company’s stock worth $107,000 after buying an additional 9,843 shares in the last quarter. Private Advisor Group LLC grew its position in Petroleo Brasileiro SA Petrobras by 50.2% during the third quarter. Private Advisor Group LLC now owns 29,488 shares of the oil and gas exploration company’s stock worth $303,000 after buying an additional 9,862 shares in the last quarter. Quadrant Private Wealth Management LLC acquired a new stake in Petroleo Brasileiro SA Petrobras during the fourth quarter worth about $123,000. Finally, KCS Wealth Advisory acquired a new stake in Petroleo Brasileiro SA Petrobras during the fourth quarter worth about $136,000. 5.58% of the stock is currently owned by institutional investors.

Petroleo Brasileiro SA Petrobras (NYSE PBR) traded up $0.63 during trading on Tuesday, reaching $13.33. 30,021,881 shares of the company’s stock traded hands, compared to its average volume of 24,222,520. The firm has a market capitalization of $84,720.00, a P/E ratio of 38.09 and a beta of 2.69. Petroleo Brasileiro SA Petrobras has a 52-week low of $7.61 and a 52-week high of $13.99. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.02 and a quick ratio of 1.66.

Petroleo Brasileiro SA Petrobras (NYSE:PBR) last issued its quarterly earnings results on Tuesday, November 14th. The oil and gas exploration company reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.12). The business had revenue of $22.70 billion during the quarter, compared to analyst estimates of $23.14 billion. Petroleo Brasileiro SA Petrobras had a net margin of 2.71% and a return on equity of 4.17%. equities research analysts forecast that Petroleo Brasileiro SA Petrobras will post 0.71 EPS for the current year.

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About Petroleo Brasileiro SA Petrobras

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.

Analyst Recommendations for Petroleo Brasileiro SA Petrobras (NYSE:PBR)

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