Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) Upgraded to "Buy" at HSBC

Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Get Free Report) was upgraded by equities research analysts at HSBC from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Wednesday, Marketbeat Ratings reports. The brokerage presently has a $15.00 price target on the oil and gas exploration company's stock. HSBC's target price suggests a potential upside of 15.70% from the stock's current price.

Other research analysts have also recently issued reports about the stock. StockNews.com cut shares of Petróleo Brasileiro S.A. - Petrobras from a "buy" rating to a "hold" rating in a report on Monday, March 3rd. The Goldman Sachs Group raised their target price on shares of 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. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Petróleo Brasileiro S.A. - Petrobras currently has an average rating of "Moderate Buy" and an average target price of $17.81.

Petróleo Brasileiro S.A. - Petrobras Stock Performance

Petróleo Brasileiro S.A. - Petrobras stock traded up $0.12 during trading hours on Wednesday, hitting $12.97. The company had a trading volume of 17,505,575 shares, compared to its average volume of 14,909,930. Petróleo Brasileiro S.A. - Petrobras has a one year low of $12.55 and a one year high of $17.44. The firm has a 50-day moving average of $13.74 and a 200 day moving average of $14.07. The firm has a market cap of $83.55 billion, a PE ratio of 5.06, a PEG ratio of 0.18 and a beta of 1.39. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.94 and a quick ratio of 0.71.

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Hedge Funds Weigh In On Petróleo Brasileiro S.A. - Petrobras

A number of hedge funds have recently modified their holdings of PBR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Petróleo Brasileiro S.A. - Petrobras during the third quarter worth $141,372,000. GQG Partners LLC raised its stake in Petróleo Brasileiro S.A. - Petrobras by 2.6% during the fourth quarter. GQG Partners LLC now owns 237,236,034 shares of the oil and gas exploration company's stock worth $3,050,855,000 after buying an additional 6,016,560 shares during the last quarter. Lazard Asset Management LLC raised its stake in Petróleo Brasileiro S.A. - Petrobras by 16.4% during the fourth quarter. Lazard Asset Management LLC now owns 21,755,839 shares of the oil and gas exploration company's stock worth $279,779,000 after buying an additional 3,072,312 shares during the last quarter. Fisher Asset Management LLC raised its stake in Petróleo Brasileiro S.A. - Petrobras by 13.1% during the third quarter. Fisher Asset Management LLC now owns 15,819,647 shares of the oil and gas exploration company's stock worth $227,961,000 after buying an additional 1,835,297 shares during the last quarter. Finally, Annex Advisory Services LLC raised its stake in Petróleo Brasileiro S.A. - Petrobras by 56.1% during the fourth quarter. Annex Advisory Services LLC now owns 1,508,806 shares of the oil and gas exploration company's stock worth $19,403,000 after buying an additional 542,118 shares during 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.