Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) Given Consensus Recommendation of "Buy" by Analysts

Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Get Free Report) has been assigned a consensus recommendation of "Buy" from the eight brokerages that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $17.81.

Several equities analysts have recently issued reports on the company. StockNews.com lowered 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 target price for the company 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 report on Wednesday, March 5th.

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

Institutional investors have recently added to or reduced their stakes in the business. Dodge & Cox grew its stake in shares of Petróleo Brasileiro S.A. - Petrobras by 4.8% during the fourth quarter. Dodge & Cox now owns 17,300 shares of the oil and gas exploration company's stock valued at $222,000 after acquiring an additional 800 shares in the last quarter. Sonora Investment Management Group LLC raised its position in Petróleo Brasileiro S.A. - Petrobras by 6.2% in the fourth quarter. Sonora Investment Management Group LLC now owns 17,070 shares of the oil and gas exploration company's stock worth $220,000 after acquiring an additional 1,000 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Petróleo Brasileiro S.A. - Petrobras by 5.2% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 23,536 shares of the oil and gas exploration company's stock worth $303,000 after acquiring an additional 1,164 shares in the last quarter. Samalin Investment Counsel LLC raised its holdings in shares of Petróleo Brasileiro S.A. - Petrobras by 9.8% during the fourth quarter. Samalin Investment Counsel LLC now owns 14,194 shares of the oil and gas exploration company's stock valued at $183,000 after acquiring an additional 1,269 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in Petróleo Brasileiro S.A. - Petrobras by 3.3% in the 4th quarter. Principal Financial Group Inc. now owns 43,486 shares of the oil and gas exploration company's stock worth $559,000 after acquiring an additional 1,381 shares in the last quarter.

Petróleo Brasileiro S.A. - Petrobras Price Performance

PBR traded down $0.08 during midday trading on Tuesday, hitting $11.39. The stock had a trading volume of 37,228,069 shares, compared to its average volume of 17,428,136. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.94. Petróleo Brasileiro S.A. - Petrobras has a 1 year low of $11.03 and a 1 year high of $17.44. The company has a market cap of $73.40 billion, a P/E ratio of 4.45, a price-to-earnings-growth ratio of 0.18 and a beta of 0.94. The business has a fifty day moving average of $13.11 and a 200 day moving average of $13.57.

Petróleo Brasileiro S.A. - Petrobras Cuts Dividend

The company also recently announced a -- dividend, which will be paid on Friday, June 27th. Shareholders of record on Tuesday, April 22nd will be given 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 payout ratio is 138.79%.

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.