Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Reaches New 52-Week Low – Here’s Why

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)’s stock price hit a new 52-week low on Tuesday . The stock traded as low as $12.00 and last traded at $12.03, with a volume of 56205311 shares traded. The stock had previously closed at $13.13.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on PBR shares. StockNews.com cut Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd. HSBC raised shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Wednesday, March 5th. Finally, Hsbc Global Res upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $17.81.

Petróleo Brasileiro S.A. – Petrobras Stock Up 1.4 %

The stock has a market capitalization of $78.46 billion, a price-to-earnings ratio of 4.76, a price-to-earnings-growth ratio of 0.18 and a beta of 0.94. The firm has a 50 day simple moving average of $13.84 and a 200-day simple moving average of $13.89. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.94 and a quick ratio of 0.71.

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. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a yield of 19%. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio is 138.79%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Ethos Financial Group LLC bought a new position in Petróleo Brasileiro S.A. – Petrobras in the 4th quarter valued at $25,000. Tandem Financial LLC acquired a new stake in shares of Petróleo Brasileiro S.A. – Petrobras in the fourth quarter valued at $39,000. Whipplewood Advisors LLC acquired a new stake in shares of Petróleo Brasileiro S.A. – Petrobras in the fourth quarter valued at $40,000. Ameliora Wealth Management Ltd. bought a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the fourth quarter valued at about $51,000. Finally, Sunbelt Securities Inc. lifted its position in Petróleo Brasileiro S.A. – Petrobras by 497.5% during the 3rd quarter. Sunbelt Securities Inc. now owns 6,005 shares of the oil and gas exploration company’s stock worth $87,000 after buying an additional 5,000 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 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.