Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) have been given a consensus recommendation of “Moderate Buy” by the eight brokerages that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $18.24.

Several analysts recently commented on the stock. Morgan Stanley raised shares of Petróleo Brasileiro S.A. – Petrobras from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $18.00 to $20.00 in a research report on Monday, August 26th. JPMorgan Chase & Co. raised shares of Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $16.50 to $19.00 in a research report on Wednesday, September 25th. UBS Group cut their price objective on shares of Petróleo Brasileiro S.A. – Petrobras from $19.40 to $18.10 and set a “buy” rating on the stock in a research report on Monday, August 19th. The Goldman Sachs Group increased their price objective on shares of Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Finally, 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.

Petróleo Brasileiro S.A. – Petrobras Stock Down 2.4 %

Shares of Petróleo Brasileiro S.A. – Petrobras stock opened at $14.26 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.94 and a quick ratio of 0.71. The company has a 50-day moving average of $14.15 and a 200 day moving average of $14.49. The firm has a market cap of $92.97 billion, a price-to-earnings ratio of 5.57, a PEG ratio of 0.22 and a beta of 1.41. Petróleo Brasileiro S.A. – Petrobras has a 1 year low of $12.90 and a 1 year high of $17.91.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The firm also recently disclosed a — dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be issued a $0.5338 dividend. This represents a dividend yield of 18.8%. The ex-dividend date is Friday, December 13th. Petróleo Brasileiro S.A. – Petrobras’s payout ratio is 56.25%.

Institutional Investors Weigh In On Petróleo Brasileiro S.A. – Petrobras

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC bought a new stake in Petróleo Brasileiro S.A. – Petrobras in the second quarter worth $30,000. ORG Partners LLC boosted its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 396.0% during the third quarter. ORG Partners LLC now owns 2,103 shares of the oil and gas exploration company’s stock valued at $30,000 after purchasing an additional 1,679 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Petróleo Brasileiro S.A. – Petrobras during the second quarter valued at $32,000. Bogart Wealth LLC boosted its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 571.4% during the third quarter. Bogart Wealth LLC now owns 2,350 shares of the oil and gas exploration company’s stock valued at $34,000 after purchasing an additional 2,000 shares during the period. Finally, Rosenberg Matthew Hamilton boosted its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 65.4% during the third quarter. Rosenberg Matthew Hamilton now owns 2,391 shares of the oil and gas exploration company’s stock valued at $34,000 after purchasing an additional 945 shares during the period.

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.