Brokerages Set Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) Target Price at $18.24

Shares of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Get Free Report) have received a consensus recommendation of "Buy" from the eight research firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $17.81.

PBR has been the subject of several research analyst reports. 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 research note on Wednesday. The Goldman Sachs Group raised their price target on Petróleo Brasileiro S.A. - Petrobras from $15.40 to $17.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. StockNews.com lowered Petróleo Brasileiro S.A. - Petrobras from a "buy" rating to a "hold" rating in a report on Monday. Finally, Hsbc Global Res raised Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "strong-buy" rating in a report on Wednesday.

Petróleo Brasileiro S.A. - Petrobras Trading Up 0.9 %

NYSE:PBR traded up $0.12 on Monday, reaching $12.97. The stock had a trading volume of 17,505,575 shares, compared to its average volume of 14,909,930. The company has a market cap of $83.55 billion, a price-to-earnings ratio of 5.06, a P/E/G 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. The firm's fifty day moving average is $13.74 and its two-hundred day moving average is $14.08. Petróleo Brasileiro S.A. - Petrobras has a 12-month low of $12.55 and a 12-month high of $17.44.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ethos Financial Group LLC bought a new stake in shares of Petróleo Brasileiro S.A. - Petrobras in the fourth quarter worth about $25,000. Tandem Financial LLC bought a new stake in shares of Petróleo Brasileiro S.A. - Petrobras in the fourth quarter worth about $39,000. Whipplewood Advisors LLC bought a new stake in shares of Petróleo Brasileiro S.A. - Petrobras in the fourth quarter worth about $40,000. Ameliora Wealth Management Ltd. bought a new stake in shares of Petróleo Brasileiro S.A. - Petrobras in the fourth quarter worth about $51,000. Finally, Kapitalo Investimentos Ltda increased its holdings in shares of Petróleo Brasileiro S.A. - Petrobras by 104.4% in the fourth quarter. Kapitalo Investimentos Ltda now owns 6,663 shares of the oil and gas exploration company's stock worth $86,000 after acquiring an additional 156,663 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.