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

Shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBRGet Free Report) have received an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the stock, 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 target price among analysts that have issued a report on the stock in the last year is $18.24.

Several brokerages have recently weighed in on PBR. HSBC lowered Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research report on Monday, October 21st. Hsbc Global Res downgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 21st. Finally, The Goldman Sachs Group upped their target price on shares of Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the company a “buy” rating in a report on Tuesday, November 12th.

View Our Latest Analysis on PBR

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

Several hedge funds have recently made changes to their positions in the business. Hudock Inc. grew its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 56.9% in the 4th quarter. Hudock Inc. now owns 17,787 shares of the oil and gas exploration company’s stock valued at $229,000 after purchasing an additional 6,451 shares during the last quarter. Ameliora Wealth Management Ltd. purchased a new position in Petróleo Brasileiro S.A. – Petrobras in the 4th quarter valued at $51,000. Tandem Financial LLC acquired a new position in Petróleo Brasileiro S.A. – Petrobras in the 4th quarter valued at $39,000. Tyche Wealth Partners LLC acquired a new position in Petróleo Brasileiro S.A. – Petrobras in the 4th quarter valued at $228,000. Finally, Ping Capital Management Inc. raised its position in Petróleo Brasileiro S.A. – Petrobras by 50.7% during the 4th quarter. Ping Capital Management Inc. now owns 80,000 shares of the oil and gas exploration company’s stock worth $1,029,000 after buying an additional 26,900 shares during the last quarter.

Petróleo Brasileiro S.A. – Petrobras Stock Down 0.6 %

Petróleo Brasileiro S.A. – Petrobras stock opened at $13.87 on Monday. The stock has a market cap of $89.71 billion, a PE ratio of 5.42, a P/E/G ratio of 0.17 and a beta of 1.41. 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 stock’s fifty day moving average is $13.69 and its two-hundred day moving average is $14.19. Petróleo Brasileiro S.A. – Petrobras has a 1-year low of $12.55 and a 1-year high of $17.91.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The firm also recently announced a — dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were issued a $0.5338 dividend. The ex-dividend date was Friday, December 13th. This represents a dividend yield of 18.8%. Petróleo Brasileiro S.A. – Petrobras’s payout ratio is 58.20%.

Petróleo Brasileiro S.A. – Petrobras Company Profile

(Get Free Report

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.

See Also

Analyst Recommendations for Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR)

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