Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) to Issue $0.24 -- Dividend

Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Get Free Report) declared a -- dividend on Wednesday, March 19th, Wall Street Journal reports. Shareholders of record on Tuesday, April 22nd will be paid a dividend of 0.2403 per share by the oil and gas exploration company on Wednesday, May 28th. This represents a yield of 19%. The ex-dividend date is Tuesday, April 22nd.

Petróleo Brasileiro S.A. - Petrobras has raised its dividend payment by an average of 10.8% per year over the last three years.

Petróleo Brasileiro S.A. - Petrobras Stock Up 1.2 %

NYSE:PBR traded up $0.17 during trading hours on Friday, hitting $14.20. 38,987,959 shares of the company traded hands, compared to its average volume of 16,591,054. The company has a quick ratio of 0.71, a current ratio of 0.94 and a debt-to-equity ratio of 0.65. The firm's 50-day simple moving average is $13.79 and its 200-day simple moving average is $13.95. Petróleo Brasileiro S.A. - Petrobras has a one year low of $12.45 and a one year high of $17.44. The company has a market cap of $91.48 billion, a PE ratio of 5.54, a PEG ratio of 0.18 and a beta of 1.39.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on PBR shares. 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, March 5th. StockNews.com cut Petróleo Brasileiro S.A. - Petrobras from a "buy" rating to a "hold" rating in a research note on Monday, March 3rd. Finally, Hsbc Global Res upgraded 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $17.81.

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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.