Petroleo Brasileiro SA – Petrobras (NYSE:PBR) was upgraded by equities research analysts at Citigroup Inc. from a “neutral” rating to a “buy” rating in a research note issued to investors on Wednesday.

A number of other equities analysts have also commented on the stock. HSBC raised shares of Petroleo Brasileiro SA – Petrobras from a “hold” rating to a “buy” rating in a research report on Thursday, September 8th. Tudor Pickering lowered shares of Petroleo Brasileiro SA – Petrobras from a “buy” rating to a “hold” rating in a research report on Tuesday, September 13th. Barclays PLC reissued an “underweight” rating and issued a $9.00 price target on shares of Petroleo Brasileiro SA – Petrobras in a research report on Thursday, September 22nd. Vetr raised shares of Petroleo Brasileiro SA – Petrobras from a “hold” rating to a “buy” rating and set a $9.84 price target on the stock in a research report on Monday. Finally, Raymond James Financial Inc. raised shares of Petroleo Brasileiro SA – Petrobras from an “underperform” rating to a “market perform” rating and lifted their price target for the company from $2.71 to $9.22 in a research report on Wednesday, September 21st. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $7.84.

Analyst Recommendations for Petroleo Brasileiro SA - Petrobras (NYSE:PBR)

Petroleo Brasileiro SA – Petrobras (NYSE:PBR) traded up 3.702% on Wednesday, reaching $9.945. 12,900,533 shares of the company’s stock were exchanged. Petroleo Brasileiro SA – Petrobras has a 12 month low of $2.71 and a 12 month high of $10.24. The firm has a 50 day moving average of $9.35 and a 200 day moving average of $7.61. The stock’s market capitalization is $64.86 billion.

A number of large investors have recently bought and sold shares of the company. Eqis Capital Management Inc. increased its stake in Petroleo Brasileiro SA – Petrobras by 34.8% in the third quarter. Eqis Capital Management Inc. now owns 20,699 shares of the oil and gas exploration company’s stock worth $193,000 after buying an additional 5,345 shares in the last quarter. Numeric Investors LLC purchased a new stake in shares of Petroleo Brasileiro SA – Petrobras during the second quarter valued at approximately $19,363,000. Ashmore Group plc purchased a new stake in shares of Petroleo Brasileiro SA – Petrobras during the second quarter valued at approximately $7,992,000. GFS Advisors LLC increased its stake in shares of Petroleo Brasileiro SA – Petrobras by 27.8% in the second quarter. GFS Advisors LLC now owns 229,450 shares of the oil and gas exploration company’s stock valued at $1,643,000 after buying an additional 49,950 shares in the last quarter. Finally, Camelot Portfolios LLC increased its stake in shares of Petroleo Brasileiro SA – Petrobras by 3.5% in the second quarter. Camelot Portfolios LLC now owns 83,071 shares of the oil and gas exploration company’s stock valued at $595,000 after buying an additional 2,833 shares in the last quarter. Hedge funds and other institutional investors own 5.81% of the company’s stock.

About Petroleo Brasileiro SA – Petrobras

Petroleo Brasileiro SA Petrobras is a Brazil-based integrated energy company. The Company operates in the Exploration and Production (E&P); Refining, Transportation and Marketing (RTM); Gas and Power; Biofuels; Distribution, and International segments. E&P includes exploration, development and production of crude oil, natural gas liquid and natural gas in Brazil.

5 Day Chart for NYSE:PBR

Receive News & Stock Ratings for Petroleo Brasileiro SA - Petrobras Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Petroleo Brasileiro SA - Petrobras and related stocks with our FREE daily email newsletter.