Petróleo Brasileiro S.A. – Petrobras (PBR) to Issue — Dividend of $0.53 on January 3rd

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) declared a — dividend on Friday, November 22nd,NASDAQ Dividends reports. Shareholders of record on Friday, December 13th will be paid a dividend of 0.5338 per share by the oil and gas exploration company on Friday, January 3rd. This represents a dividend yield of 18.8%. The ex-dividend date is Friday, December 13th.

Petróleo Brasileiro S.A. – Petrobras has raised its dividend by an average of 46.8% annually over the last three years.

Petróleo Brasileiro S.A. – Petrobras Price Performance

Shares of NYSE:PBR traded up $0.04 on Wednesday, reaching $14.37. The company’s stock had a trading volume of 5,409,494 shares, compared to its average volume of 17,498,318. Petróleo Brasileiro S.A. – Petrobras has a 52-week low of $12.90 and a 52-week high of $17.91. The company has a market cap of $93.72 billion, a P/E ratio of 5.59, a PEG ratio of 0.22 and a beta of 1.41. The company has a 50-day simple moving average of $14.16 and a 200 day simple moving average of $14.49. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.94.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on PBR shares. Morgan Stanley upgraded shares of Petróleo Brasileiro S.A. – Petrobras from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $18.00 to $20.00 in a report on Monday, August 26th. The Goldman Sachs Group boosted their target price on shares of Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. HSBC downgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research report on Monday, October 21st. JPMorgan Chase & Co. raised shares of Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $16.50 to $19.00 in a research report on Wednesday, September 25th. Finally, UBS Group dropped their price objective on shares of Petróleo Brasileiro S.A. – Petrobras from $19.40 to $18.10 and set a “buy” rating on the stock in a report on Monday, August 19th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $18.24.

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 three segments: Exploration and Production; Refining, Transportation and Marketing; and Gas and Power. The Exploration and Production segment explores, develops, and produces crude oil, natural gas liquids, and natural gas primarily for supplies to the domestic refineries.