Research Analysts’ Recent Ratings Updates for Petroleo Brasileiro SA Petrobras (PBR)

Petroleo Brasileiro SA Petrobras (NYSE: PBR) recently received a number of ratings updates from brokerages and research firms:

  • 2/5/2018 – Petroleo Brasileiro SA Petrobras was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “ADRs of Petrobras have gained 49% over the last six months. This is also backed by encouraging earnings estimate revisions for 2018. The company's impressive portfolio of investments, particularly in Brazil’s pre-salt reservoirs will help it to maintain an impressive production growth profile for years to come. Reflecting that bullishness, the company recently unvieled its five year business plan which has also boosted our optimism on the stock. The company which is undertaking several successful measures to reduce its debts, targets to reduce its debt/EBITDA ratio to 2.5 in 2018. Petrobras’ cost improvement measures and divestment of non-core assets will likely help financials, thereby supporting earnings growth. We like Petrobras robust free cash flow performance which reflects its operational improvement. All these factors form the basis of our bullish stance on  the stock.”
  • 2/2/2018 – Petroleo Brasileiro SA Petrobras was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 2/1/2018 – Petroleo Brasileiro SA Petrobras was upgraded by analysts at Goldman Sachs Group Inc from a “sell” rating to a “neutral” rating.
  • 1/29/2018 – Petroleo Brasileiro SA Petrobras was given a new $15.00 price target on by analysts at Credit Suisse Group AG. They now have a “hold” rating on the stock.
  • 1/23/2018 – Petroleo Brasileiro SA Petrobras was downgraded by analysts at HSBC Holdings plc from a “buy” rating to a “hold” rating.
  • 1/18/2018 – Petroleo Brasileiro SA Petrobras was downgraded by analysts at Credit Suisse Group AG to a “hold” rating. They now have a $12.00 price target on the stock.
  • 1/2/2018 – Petroleo Brasileiro SA Petrobras was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $12.00 price target on the stock. According to Zacks, “ADRs of Petrobras have gained 28% over the last six months, outperforming the 18% rally of its broader industry. This is also backed by encouraging earnings estimate revisions for 2018. The company's impressive portfolio of investments, particularly in Brazil’s pre-salt reservoirs will help it to maintain an impressive production growth profile for years to come. Reflecting that bullishness, the company recently unvieled its five year business plan which has also boosted our optimism on the stock. The company which is undertaking several successful measures to reduce its debts, targets to reduce its debt/EBITDA ratio to 2.5 in 2018. Petrobras’ cost improvement measures and divestment of non-core assets will likely help financials, thereby supporting earnings growth. We like Petrobras robust free cash flow performance which reflects its operational improvement. All these factors form the basis of our bullish stance on  the stock.”
  • 12/25/2017 – Petroleo Brasileiro SA Petrobras was given a new $12.00 price target on by analysts at Credit Suisse Group AG. They now have a “buy” rating on the stock.

Shares of Petroleo Brasileiro SA Petrobras (PBR) opened at $12.34 on Monday. The firm has a market capitalization of $80,484.55, a P/E ratio of 33.35 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 quick ratio of 1.66 and a current ratio of 2.02.

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

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.

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