Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Hits New 52-Week Low – Should You Sell?

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)’s stock price reached a new 52-week low on Wednesday . The company traded as low as $12.83 and last traded at $12.89, with a volume of 15429700 shares changing hands. The stock had previously closed at $13.52.

Wall Street Analyst Weigh In

A number of research analysts recently commented on PBR shares. JPMorgan Chase & Co. upgraded Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $16.50 to $19.00 in a research report on Wednesday, September 25th. HSBC lowered shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a report on Monday, October 21st. Morgan Stanley raised shares of Petróleo Brasileiro S.A. – Petrobras from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $18.00 to $20.00 in a report on Monday, August 26th. The Goldman Sachs Group lifted their price objective on shares of Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Finally, Hsbc Global Res cut Petróleo Brasileiro S.A. – Petrobras from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 21st. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $18.24.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

The firm has a market capitalization of $85.05 billion, a price-to-earnings ratio of 5.09, a PEG ratio of 0.22 and a beta of 1.41. The company has a current ratio of 0.94, a quick ratio of 0.71 and a debt-to-equity ratio of 0.65. The stock’s 50-day moving average is $13.96 and its 200-day moving average is $14.42.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The company also recently declared a — dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be paid a $0.5338 dividend. This represents a dividend yield of 18.8%. The ex-dividend date of this dividend is Friday, December 13th. Petróleo Brasileiro S.A. – Petrobras’s payout ratio is 65.23%.

Institutional Trading of Petróleo Brasileiro S.A. – Petrobras

A number of hedge funds have recently made changes to their positions in PBR. Wealth Enhancement Advisory Services LLC raised its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 15.7% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 35,710 shares of the oil and gas exploration company’s stock valued at $517,000 after acquiring an additional 4,856 shares during the last quarter. Nisa Investment Advisors LLC bought a new position in Petróleo Brasileiro S.A. – Petrobras during the 2nd quarter worth $35,000. Traynor Capital Management Inc. lifted its holdings in Petróleo Brasileiro S.A. – Petrobras by 17.7% during the 2nd quarter. Traynor Capital Management Inc. now owns 13,730 shares of the oil and gas exploration company’s stock worth $199,000 after buying an additional 2,062 shares during the period. Bank of New York Mellon Corp grew its position in shares of Petróleo Brasileiro S.A. – Petrobras by 7.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 151,632 shares of the oil and gas exploration company’s stock valued at $2,197,000 after buying an additional 10,355 shares during the last quarter. Finally, Atomi Financial Group Inc. increased its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 33.1% in the second quarter. Atomi Financial Group Inc. now owns 52,263 shares of the oil and gas exploration company’s stock valued at $757,000 after buying an additional 12,999 shares during the period.

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.