Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) Trading Down 7.9% - Should You Sell?

Shares of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Get Free Report) traded down 7.9% during trading on Thursday . The company traded as low as $13.32 and last traded at $13.20. 16,752,597 shares changed hands during trading, an increase of 28% from the average session volume of 13,074,086 shares. The stock had previously closed at $14.32.

Analysts Set New Price Targets

Separately, 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 research note on Tuesday, November 12th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $18.24.

Petróleo Brasileiro S.A. - Petrobras Price Performance

The stock has a market capitalization of $87.75 billion, a price-to-earnings ratio of 5.32, a price-to-earnings-growth ratio of 0.18 and a beta of 1.40. The company has a current ratio of 0.94, a quick ratio of 0.71 and a debt-to-equity ratio of 0.65. The company's 50 day moving average is $13.74 and its 200 day moving average is $14.14.

Institutional Trading of Petróleo Brasileiro S.A. - Petrobras

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. KG&L Capital Management LLC grew its stake in Petróleo Brasileiro S.A. - Petrobras by 32.9% during the 3rd quarter. KG&L Capital Management LLC now owns 43,600 shares of the oil and gas exploration company's stock worth $628,000 after buying an additional 10,800 shares during the last quarter. Summit Global Investments acquired a new stake in shares of Petróleo Brasileiro S.A. - Petrobras in the third quarter valued at approximately $1,625,000. Fiera Capital Corp grew its position in shares of Petróleo Brasileiro S.A. - Petrobras by 59.8% during the third quarter. Fiera Capital Corp now owns 100,109 shares of the oil and gas exploration company's stock worth $1,443,000 after acquiring an additional 37,475 shares during the last quarter. Assetmark Inc. increased its holdings in shares of Petróleo Brasileiro S.A. - Petrobras by 4.8% in the 3rd quarter. Assetmark Inc. now owns 939,864 shares of the oil and gas exploration company's stock valued at $13,543,000 after acquiring an additional 43,433 shares during the period. Finally, Ted Buchan & Co purchased a new stake in Petróleo Brasileiro S.A. - Petrobras in the 3rd quarter valued at $1,939,000.

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.