Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) Receives $17.81 Consensus Target Price from Analysts

Shares of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Get Free Report) have been assigned an average recommendation of "Buy" from the eight analysts that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $17.81.

PBR has been the subject of several analyst reports. HSBC raised Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "buy" rating and set a $15.00 price objective for the company in a research report on Wednesday, March 5th. StockNews.com lowered 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 Global Res raised 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

A number of institutional investors have recently modified their holdings of the business. Truffle Hound Capital LLC purchased a new position in Petróleo Brasileiro S.A. - Petrobras during the 4th quarter worth $2,572,000. Teachers Retirement System of The State of Kentucky boosted its stake in shares of Petróleo Brasileiro S.A. - Petrobras by 18.6% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 1,696,360 shares of the oil and gas exploration company's stock worth $24,445,000 after buying an additional 265,560 shares during the period. Capital Wealth Planning LLC grew its holdings in shares of Petróleo Brasileiro S.A. - Petrobras by 27.0% during the fourth quarter. Capital Wealth Planning LLC now owns 342,752 shares of the oil and gas exploration company's stock worth $4,408,000 after buying an additional 72,930 shares during the last quarter. RWC Asset Management LLP increased its position in Petróleo Brasileiro S.A. - Petrobras by 9.8% in the 4th quarter. RWC Asset Management LLP now owns 2,142,912 shares of the oil and gas exploration company's stock valued at $27,558,000 after acquiring an additional 190,435 shares during the period. Finally, GQG Partners LLC raised its stake in Petróleo Brasileiro S.A. - Petrobras by 2.6% during the 4th quarter. GQG Partners LLC now owns 237,236,034 shares of the oil and gas exploration company's stock valued at $3,050,855,000 after acquiring an additional 6,016,560 shares during the last quarter.

Remove Ads

Petróleo Brasileiro S.A. - Petrobras Stock Down 0.4 %

Shares of PBR traded down $0.06 during midday trading on Friday, reaching $14.33. The stock had a trading volume of 15,326,656 shares, compared to its average volume of 16,688,235. The company has a market cap of $92.32 billion, a price-to-earnings ratio of 5.60, a PEG ratio of 0.18 and a beta of 1.39. The company's fifty day simple moving average is $13.87 and its two-hundred day simple moving average is $13.93. Petróleo Brasileiro S.A. - Petrobras has a 1-year low of $12.45 and a 1-year high of $17.44. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.94 and a quick ratio of 0.71.

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 issued a $0.2403 dividend. This represents a dividend yield of 19%. The ex-dividend date is Tuesday, April 22nd. Petróleo Brasileiro S.A. - Petrobras's payout ratio is currently 138.79%.

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.