Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) Reaches New 12-Month Low - Here's Why

Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $12.00 and last traded at $12.03, with a volume of 56205311 shares. The stock had previously closed at $13.13.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. 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. StockNews.com cut shares of Petróleo Brasileiro S.A. - Petrobras from a "buy" rating to a "hold" rating in a research note on Monday, March 3rd. Finally, HSBC raised 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 research note on Wednesday, March 5th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $17.81.

Petróleo Brasileiro S.A. - Petrobras Stock Up 2.2 %

The stock has a fifty day moving average of $13.56 and a two-hundred day moving average of $13.78. 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 stock has a market cap of $74.40 billion, a price-to-earnings ratio of 4.51, a PEG ratio of 0.18 and a beta of 0.94.

Remove Ads

Petróleo Brasileiro S.A. - Petrobras Cuts Dividend

The company also recently disclosed a -- dividend, which will be paid on Friday, June 27th. Stockholders of record on Tuesday, April 22nd will be paid a $0.2403 dividend. This represents a dividend yield of 19%. The ex-dividend date of this dividend is Tuesday, April 22nd. Petróleo Brasileiro S.A. - Petrobras's dividend payout ratio is currently 138.79%.

Institutional Trading of Petróleo Brasileiro S.A. - Petrobras

Institutional investors and hedge funds have recently bought and sold shares of the business. Ethos Financial Group LLC purchased a new stake in Petróleo Brasileiro S.A. - Petrobras during the fourth quarter worth approximately $25,000. Tandem Financial LLC acquired a new position in shares of Petróleo Brasileiro S.A. - Petrobras during the 4th quarter valued at $39,000. Whipplewood Advisors LLC purchased a new stake in Petróleo Brasileiro S.A. - Petrobras during the 4th quarter worth $40,000. Ameliora Wealth Management Ltd. acquired a new stake in Petróleo Brasileiro S.A. - Petrobras in the 4th quarter valued at $51,000. Finally, Kapitalo Investimentos Ltda increased its holdings in Petróleo Brasileiro S.A. - Petrobras by 104.4% in the 4th quarter. Kapitalo Investimentos Ltda now owns 6,663 shares of the oil and gas exploration company's stock valued at $86,000 after purchasing 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.