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

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) has earned an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the stock, MarketBeat reports. Three research 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 updated their coverage on the stock in the last year is $18.24.

A number of analysts have recently commented on PBR shares. HSBC cut shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research note on Monday, October 21st. JPMorgan Chase & Co. raised Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to an “overweight” rating and increased their target price for the company from $16.50 to $19.00 in a report on Wednesday, September 25th. 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. Finally, Hsbc Global Res downgraded Petróleo Brasileiro S.A. – Petrobras from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 21st.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

Shares of PBR stock opened at $13.02 on Thursday. 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 has a market capitalization of $84.92 billion, a P/E ratio of 5.09, a P/E/G ratio of 0.22 and a beta of 1.41. Petróleo Brasileiro S.A. – Petrobras has a 12-month low of $12.55 and a 12-month high of $17.91. The business’s 50 day moving average is $13.69 and its two-hundred day moving average is $14.30.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The company also recently disclosed a — dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were issued a $0.5338 dividend. This represents a dividend yield of 18.8%. The ex-dividend date was Friday, December 13th. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio is currently 57.81%.

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

A number of hedge funds have recently made changes to their positions in the stock. Ashton Thomas Private Wealth LLC purchased a new stake in Petróleo Brasileiro S.A. – Petrobras during the second quarter worth about $30,000. ORG Partners LLC boosted its holdings in Petróleo Brasileiro S.A. – Petrobras by 396.0% in 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 in the last quarter. Bogart Wealth LLC raised its stake in Petróleo Brasileiro S.A. – Petrobras by 571.4% during the 3rd quarter. Bogart Wealth LLC now owns 2,350 shares of the oil and gas exploration company’s stock worth $34,000 after acquiring an additional 2,000 shares in the last quarter. Rosenberg Matthew Hamilton lifted its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 65.4% in the 3rd 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 last quarter. Finally, ANTIPODES PARTNERS Ltd purchased a new position in shares of Petróleo Brasileiro S.A. – Petrobras during the second quarter worth approximately $45,000.

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.