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

Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the eight brokerages that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $18.24.

A number of research firms have recently issued reports on PBR. HSBC downgraded shares of Petróleo Brasileiro S.A. - Petrobras from a "buy" rating to a "hold" rating in a research report on Monday, October 21st. JPMorgan Chase & Co. raised Petróleo Brasileiro S.A. - Petrobras from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $16.50 to $19.00 in a report on Wednesday, September 25th. Hsbc Global Res lowered Petróleo Brasileiro S.A. - Petrobras from a "strong-buy" rating to a "hold" rating in a report on Monday, October 21st. Finally, The Goldman Sachs Group lifted their price target on Petróleo Brasileiro S.A. - Petrobras from $15.40 to $17.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th.

Petróleo Brasileiro S.A. - Petrobras Price Performance

Shares of NYSE:PBR traded up $0.38 on Thursday, reaching $13.24. 15,958,952 shares of the company were exchanged, compared to its average volume of 17,392,658. The company has a current ratio of 0.94, a quick ratio of 0.71 and a debt-to-equity ratio of 0.65. Petróleo Brasileiro S.A. - Petrobras has a 1-year low of $12.55 and a 1-year high of $17.91. The company has a 50-day moving average of $13.71 and a 200-day moving average of $14.30. The firm has a market cap of $86.35 billion, a price-to-earnings ratio of 5.17, a price-to-earnings-growth ratio of 0.22 and a beta of 1.41.

Petróleo Brasileiro S.A. - Petrobras Cuts Dividend

The company also recently announced a -- dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be paid a $0.5338 dividend. This represents a yield of 18.8%. The ex-dividend date is Friday, December 13th. Petróleo Brasileiro S.A. - Petrobras's payout ratio is 57.81%.

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

Several institutional investors have recently added to or reduced their stakes in the business. Tidal Investments LLC boosted its holdings in Petróleo Brasileiro S.A. - Petrobras by 17.2% in the 3rd quarter. Tidal Investments LLC now owns 49,546 shares of the oil and gas exploration company's stock worth $714,000 after acquiring an additional 7,268 shares during the period. World Investment Advisors LLC acquired a new stake in shares of Petróleo Brasileiro S.A. - Petrobras during the third quarter worth approximately $243,000. Sanctuary Advisors LLC increased its stake in shares of Petróleo Brasileiro S.A. - Petrobras by 2.0% in the third quarter. Sanctuary Advisors LLC now owns 107,084 shares of the oil and gas exploration company's stock worth $1,596,000 after buying an additional 2,147 shares during the last quarter. TD Private Client Wealth LLC raised its holdings in Petróleo Brasileiro S.A. - Petrobras by 50.6% in the third quarter. TD Private Client Wealth LLC now owns 15,201 shares of the oil and gas exploration company's stock valued at $219,000 after acquiring an additional 5,110 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its stake in Petróleo Brasileiro S.A. - Petrobras by 18.6% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 1,696,360 shares of the oil and gas exploration company's stock valued at $24,445,000 after acquiring an additional 265,560 shares during 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.