Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Given New $17.40 Price Target at UBS Group

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) had its price target boosted by UBS Group from $17.20 to $17.40 in a report issued on Monday morning, Benzinga reports. UBS Group currently has a buy rating on the oil and gas exploration company’s stock.

Other analysts have also issued research reports about the company. Bank of America cut Petróleo Brasileiro S.A. – Petrobras from a buy rating to a neutral rating and set a $16.00 price target for the company. in a research report on Friday, March 8th. HSBC raised shares of Petróleo Brasileiro S.A. – Petrobras from a hold rating to a buy rating and set a $18.00 price objective on the stock in a research note on Monday. Finally, Morgan Stanley cut shares of Petróleo Brasileiro S.A. – Petrobras from an overweight rating to an equal weight rating and lowered their price objective for the company from $20.00 to $18.00 in a research note on Monday, March 11th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus target price of $16.76.

Petróleo Brasileiro S.A. – Petrobras Trading Up 1.3 %

PBR opened at $14.94 on Monday. Petróleo Brasileiro S.A. – Petrobras has a 1-year low of $10.00 and a 1-year high of $17.91. The stock’s 50 day simple moving average is $16.35 and its 200 day simple moving average is $15.73. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.73 and a current ratio of 0.96.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. M&T Bank Corp lifted its holdings in Petróleo Brasileiro S.A. – Petrobras by 2.6% in the 4th quarter. M&T Bank Corp now owns 26,091 shares of the oil and gas exploration company’s stock valued at $417,000 after purchasing an additional 661 shares in the last quarter. Checchi Capital Advisers LLC lifted its holdings in Petróleo Brasileiro S.A. – Petrobras by 2.7% in the 3rd quarter. Checchi Capital Advisers LLC now owns 25,750 shares of the oil and gas exploration company’s stock valued at $386,000 after purchasing an additional 675 shares in the last quarter. Radnor Capital Management LLC lifted its holdings in Petróleo Brasileiro S.A. – Petrobras by 0.9% in the 3rd quarter. Radnor Capital Management LLC now owns 86,000 shares of the oil and gas exploration company’s stock valued at $1,289,000 after purchasing an additional 800 shares in the last quarter. Cerity Partners LLC lifted its holdings in Petróleo Brasileiro S.A. – Petrobras by 7.4% in the 4th quarter. Cerity Partners LLC now owns 12,280 shares of the oil and gas exploration company’s stock valued at $196,000 after purchasing an additional 848 shares in the last quarter. Finally, Grey Street Capital LLC lifted its holdings in Petróleo Brasileiro S.A. – Petrobras by 3.4% in the 4th quarter. Grey Street Capital LLC now owns 26,227 shares of the oil and gas exploration company’s stock valued at $439,000 after purchasing an additional 858 shares in the last quarter.

About Petróleo Brasileiro S.A. – Petrobras

Petróleo Brasileiro SA – Petrobras explores, produces, and sells oil and gas in Brazil and internationally. The company operates through Exploration and Production; Refining, Transportation and Marketing; and Gas and Power. It also engages in prospecting, drilling, refining, processing, trading, and transporting crude oil from producing onshore and offshore oil fields, and shale or other rocks, as well as oil products, natural gas, and other liquid hydrocarbons.