Short Interest in Petroleo Brasileiro SA Petrobras (PBR) Increases By 19.5%

Petroleo Brasileiro SA Petrobras (NYSE:PBR) saw a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 53,946,920 shares, an increase of 19.5% from the January 12th total of 45,152,583 shares. Based on an average daily trading volume, of 29,024,177 shares, the days-to-cover ratio is currently 1.9 days.

Petroleo Brasileiro SA Petrobras (NYSE PBR) opened at $12.34 on Monday. Petroleo Brasileiro SA Petrobras has a twelve month low of $7.61 and a twelve month 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. The stock has a market capitalization of $77,320.00, a price-to-earnings ratio of 35.26 and a beta of 2.69.

Petroleo Brasileiro SA Petrobras (NYSE:PBR) last issued its earnings results 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 return on equity of 4.17% and a net margin of 2.71%. The firm had revenue of $22.70 billion during the quarter, compared to the consensus estimate of $23.14 billion. analysts predict that Petroleo Brasileiro SA Petrobras will post 0.71 earnings per share for the current year.

Several analysts have recently commented on PBR shares. ValuEngine raised shares of Petroleo Brasileiro SA Petrobras from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research raised shares of Petroleo Brasileiro SA Petrobras from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Tuesday, January 2nd. Credit Suisse Group set a $12.00 target price on Petroleo Brasileiro SA Petrobras and gave the stock a “buy” rating in a report on Monday, December 25th. Societe Generale cut 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. Finally, HSBC cut Petroleo Brasileiro SA Petrobras from a “buy” rating to a “hold” rating in a report on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $11.73.

Institutional investors and hedge funds have recently modified their holdings of the stock. Private Advisor Group LLC lifted its stake 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 valued at $303,000 after acquiring an additional 9,862 shares in the last quarter. Thomas White International Ltd. lifted its stake in Petroleo Brasileiro SA Petrobras by 5.3% during the 4th quarter. Thomas White International Ltd. now owns 224,334 shares of the oil and gas exploration company’s stock valued at $2,308,000 after acquiring an additional 11,195 shares in the last quarter. TCW Group Inc. lifted its stake in Petroleo Brasileiro SA Petrobras by 9.2% during the 4th quarter. TCW Group Inc. now owns 140,000 shares of the oil and gas exploration company’s stock valued at $1,441,000 after acquiring an additional 11,800 shares in the last quarter. Quadrant Private Wealth Management LLC bought a new position in Petroleo Brasileiro SA Petrobras during the 4th quarter valued at $123,000. Finally, KCS Wealth Advisory bought a new position in Petroleo Brasileiro SA Petrobras during the 4th quarter valued at $136,000. Institutional investors own 5.58% of the company’s stock.

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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.

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