Petroleo Brasileiro SA – Petrobras (NYSE:PBR)‘s stock had its “overweight” rating reissued by equities research analysts at Morgan Stanley in a research note issued to investors on Thursday. They currently have a $13.00 target price on the oil and gas exploration company’s stock, up from their prior target price of $10.00. Morgan Stanley’s price objective indicates a potential upside of 30.92% from the company’s previous close.

A number of other research analysts have also commented on PBR. Zacks Investment Research upgraded shares of Petroleo Brasileiro SA – Petrobras from a “hold” rating to a “buy” rating and set a $9.00 price target for the company in a research report on Wednesday, July 13th. Macquarie upgraded shares of Petroleo Brasileiro SA – Petrobras from an “underperform” rating to a “neutral” rating in a research report on Thursday, September 15th. Vetr lowered shares of Petroleo Brasileiro SA – Petrobras from a “hold” rating to a “sell” rating and set a $8.00 target price for the company. in a research report on Wednesday, August 3rd. Credit Suisse Group AG reiterated a “sell” rating and issued a $2.00 target price on shares of Petroleo Brasileiro SA – Petrobras in a research report on Monday, June 13th. Finally, Raymond James Financial Inc. upgraded shares of Petroleo Brasileiro SA – Petrobras from an “underperform” rating to a “market perform” rating and upped their target price for the stock from $2.71 to $9.22 in a research report on Wednesday, September 21st. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $8.14.

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

Petroleo Brasileiro SA – Petrobras (NYSE:PBR) opened at 9.93 on Thursday. The company’s market capitalization is $64.77 billion. The stock has a 50 day moving average price of $9.37 and a 200 day moving average price of $7.62. Petroleo Brasileiro SA – Petrobras has a 52-week low of $2.71 and a 52-week high of $10.24.

Institutional investors have recently modified their holdings of the stock. Eqis Capital Management Inc. increased its position in shares of Petroleo Brasileiro SA – Petrobras by 18.6% in the second quarter. Eqis Capital Management Inc. now owns 15,354 shares of the oil and gas exploration company’s stock valued at $110,000 after buying an additional 2,410 shares during the period. Wetherby Asset Management Inc. increased its position in shares of Petroleo Brasileiro SA – Petrobras by 39.4% in the second quarter. Wetherby Asset Management Inc. now owns 15,996 shares of the oil and gas exploration company’s stock valued at $115,000 after buying an additional 4,521 shares during the period. Candriam Luxembourg S.C.A. increased its position in shares of Petroleo Brasileiro SA – Petrobras by 1.7% in the second quarter. Candriam Luxembourg S.C.A. now owns 27,670 shares of the oil and gas exploration company’s stock valued at $198,000 after buying an additional 450 shares during the period. Private Advisor Group LLC increased its position in shares of Petroleo Brasileiro SA – Petrobras by 1.7% in the second quarter. Private Advisor Group LLC now owns 28,895 shares of the oil and gas exploration company’s stock valued at $202,000 after buying an additional 472 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Petroleo Brasileiro SA – Petrobras during the second quarter valued at approximately $208,000. 5.81% of the stock is owned by hedge funds and other institutional investors.

Petroleo Brasileiro SA – Petrobras Company Profile

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

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