Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Receives Average Recommendation of “Buy” from Brokerages

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) has earned an average recommendation of “Buy” from the eight research firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $17.81.

A number of equities analysts have weighed in on the stock. StockNews.com cut shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd. Hsbc Global Res raised Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Finally, HSBC upgraded Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a report on Wednesday, March 5th.

Petróleo Brasileiro S.A. – Petrobras Price Performance

Shares of PBR stock opened at $14.41 on Friday. The firm has a fifty day simple moving average of $13.84 and a 200-day simple moving average of $13.94. The company has a market capitalization of $92.83 billion, a PE ratio of 5.63, a price-to-earnings-growth ratio of 0.18 and a beta of 1.39. Petróleo Brasileiro S.A. – Petrobras has a twelve month low of $12.45 and a twelve month high of $17.44. The company has a current ratio of 0.94, a quick ratio of 0.71 and a debt-to-equity ratio of 0.65.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The company also recently disclosed a — dividend, which will be paid on Friday, June 27th. Shareholders of record on Tuesday, April 22nd will be paid a dividend of $0.2403 per share. This represents a yield of 19%. The ex-dividend date is Tuesday, April 22nd. Petróleo Brasileiro S.A. – Petrobras’s payout ratio is currently 137.93%.

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

A number of institutional investors have recently made changes to their positions in the company. Ethos Financial Group LLC acquired a new position in Petróleo Brasileiro S.A. – Petrobras in the fourth quarter worth $25,000. Tandem Financial LLC acquired a new position in Petróleo Brasileiro S.A. – Petrobras during the 4th quarter valued at about $39,000. Whipplewood Advisors LLC bought a new position in Petróleo Brasileiro S.A. – Petrobras in the 4th quarter worth about $40,000. Ameliora Wealth Management Ltd. acquired a new stake in shares of Petróleo Brasileiro S.A. – Petrobras in the fourth quarter valued at approximately $51,000. Finally, Sunbelt Securities Inc. raised its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 497.5% during the third quarter. Sunbelt Securities Inc. now owns 6,005 shares of the oil and gas exploration company’s stock valued at $87,000 after buying an additional 5,000 shares during 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.