Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) Receives Consensus Rating of “Moderate Buy” from Analysts

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) has been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $19.28.

Several brokerages recently commented on PBR. Wall Street Zen raised shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research note on Sunday, March 22nd. Bank of America raised shares of Petroleo Brasileiro S.A.- Petrobras from a “neutral” rating to a “buy” rating and increased their price objective for the company from $18.70 to $24.80 in a research note on Friday, April 17th. JPMorgan Chase & Co. dropped their price objective on shares of Petroleo Brasileiro S.A.- Petrobras from $24.00 to $23.00 and set an “overweight” rating for the company in a research note on Wednesday, June 3rd. Weiss Ratings raised shares of Petroleo Brasileiro S.A.- Petrobras from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, May 12th. Finally, Zacks Research downgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 28th.

Hedge Funds Weigh In On Petroleo Brasileiro S.A.- Petrobras

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Western Wealth Management LLC acquired a new position in Petroleo Brasileiro S.A.- Petrobras in the 1st quarter valued at approximately $176,000. Wealth High Governance Capital Ltda acquired a new position in Petroleo Brasileiro S.A.- Petrobras in the 1st quarter valued at approximately $1,453,000. Wealth High Governance Asset Management Ltda. acquired a new position in Petroleo Brasileiro S.A.- Petrobras in the 1st quarter valued at approximately $1,244,000. NewEdge Advisors LLC increased its position in Petroleo Brasileiro S.A.- Petrobras by 71.7% in the 1st quarter. NewEdge Advisors LLC now owns 21,753 shares of the oil and gas exploration company’s stock valued at $451,000 after acquiring an additional 9,085 shares during the period. Finally, Vestor Capital LLC acquired a new position in Petroleo Brasileiro S.A.- Petrobras in the 1st quarter valued at approximately $119,000.

Petroleo Brasileiro S.A.- Petrobras Stock Performance

Shares of Petroleo Brasileiro S.A.- Petrobras stock opened at $16.75 on Friday. The company has a 50 day moving average of $19.73 and a 200-day moving average of $16.80. Petroleo Brasileiro S.A.- Petrobras has a 1-year low of $11.43 and a 1-year high of $22.24. The company has a current ratio of 0.74, a quick ratio of 0.49 and a debt-to-equity ratio of 0.68. The company has a market cap of $107.92 billion, a PE ratio of 5.44, a price-to-earnings-growth ratio of 0.61 and a beta of 0.32.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last issued its quarterly earnings results on Tuesday, March 31st. The oil and gas exploration company reported $0.96 earnings per share for the quarter. The company had revenue of $23.54 billion during the quarter. Petroleo Brasileiro S.A.- Petrobras had a net margin of 21.67% and a return on equity of 23.65%. As a group, equities research analysts forecast that Petroleo Brasileiro S.A.- Petrobras will post 4.72 earnings per share for the current fiscal year.

Petroleo Brasileiro S.A.- Petrobras Announces Dividend

The business also recently disclosed a special dividend, which will be paid on Thursday, August 27th. Investors of record on Wednesday, June 3rd will be paid a $0.1426 dividend. The ex-dividend date of this dividend is Wednesday, June 3rd. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio is presently 11.04%.

Petroleo Brasileiro S.A.- Petrobras Company Profile

Petróleo Brasileiro SA – Petrobras is a Brazilian, state-controlled integrated oil and gas company headquartered in Rio de Janeiro. Founded in 1953, Petrobras is principally engaged in the exploration and production of crude oil and natural gas, and operates across the full value chain from upstream activities through refining, transportation and downstream marketing of petroleum products. The company is a major player in Brazil’s energy sector and is a listed public company with global capital market presence.

Petrobras’s core activities include deepwater and ultra-deepwater exploration and production, where it has been a pioneer in developing pre-salt reserves off Brazil’s coast.