Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Reaches New 1-Year Low – Should You Sell?

Shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) hit a new 52-week low during trading on Friday . The company traded as low as $12.60 and last traded at $12.60, with a volume of 253506 shares traded. The stock had previously closed at $13.09.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on PBR shares. JPMorgan Chase & Co. raised shares of Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to an “overweight” rating and raised their target price for the company from $16.50 to $19.00 in a research report on Wednesday, September 25th. The Goldman Sachs Group lifted their target price on Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Hsbc Global Res downgraded Petróleo Brasileiro S.A. – Petrobras from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 21st. Finally, HSBC cut Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research note on Monday, October 21st. Three analysts have rated the stock with a hold rating and five have given a buy rating to the 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 Down 0.1 %

The stock has a market cap of $82.31 billion, a P/E ratio of 4.93, a price-to-earnings-growth ratio of 0.22 and a beta of 1.41. The firm has a 50 day simple moving average of $13.81 and a 200-day simple moving average of $14.35. The company has a quick ratio of 0.71, a current ratio of 0.94 and a debt-to-equity ratio of 0.65.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

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

Institutional Investors Weigh In On Petróleo Brasileiro S.A. – Petrobras

A number of hedge funds and other institutional investors have recently modified their holdings of PBR. Tidal Investments LLC raised its stake in Petróleo Brasileiro S.A. – Petrobras by 17.2% in the 3rd quarter. Tidal Investments LLC now owns 49,546 shares of the oil and gas exploration company’s stock worth $714,000 after purchasing an additional 7,268 shares in the last quarter. World Investment Advisors LLC acquired a new stake in shares of Petróleo Brasileiro S.A. – Petrobras in the third quarter valued at approximately $243,000. Sanctuary Advisors LLC boosted its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 2.0% in the third quarter. Sanctuary Advisors LLC now owns 107,084 shares of the oil and gas exploration company’s stock valued at $1,596,000 after buying an additional 2,147 shares during the period. TD Private Client Wealth LLC grew its position in Petróleo Brasileiro S.A. – Petrobras by 50.6% during the third quarter. TD Private Client Wealth LLC now owns 15,201 shares of the oil and gas exploration company’s stock worth $219,000 after buying an additional 5,110 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its position in Petróleo Brasileiro S.A. – Petrobras by 18.6% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 1,696,360 shares of the oil and gas exploration company’s stock worth $24,445,000 after buying an additional 265,560 shares in the last quarter.

Petróleo Brasileiro S.A. – Petrobras Company Profile

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.