Barclays PLC reiterated their underweight rating on shares of Petroleo Brasileiro SA – Petrobras (NYSE:PBR) in a research report released on Monday. They currently have a $10.00 price target on the oil and gas exploration company’s stock, up from their previous price target of $9.00.

Several other brokerages have also issued reports on PBR. Vetr lowered Petroleo Brasileiro SA – Petrobras from a hold rating to a sell rating and set a $9.84 target price for the company. in a research note on Monday. Morgan Stanley reaffirmed an overweight rating and issued a $13.00 target price (up previously from $10.00) on shares of Petroleo Brasileiro SA – Petrobras in a research note on Thursday, October 6th. HSBC raised Petroleo Brasileiro SA – Petrobras from a hold rating to a buy rating in a research note on Thursday, September 8th. Tudor Pickering lowered Petroleo Brasileiro SA – Petrobras from a buy rating to a hold rating in a research note on Tuesday, September 13th. Finally, Citigroup Inc. raised Petroleo Brasileiro SA – Petrobras from a neutral rating to a buy rating and increased their price objective for the company from $7.80 to $12.00 in a research note on Wednesday, October 5th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $8.58.

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

Shares of Petroleo Brasileiro SA – Petrobras (NYSE:PBR) opened at 10.68 on Monday. Petroleo Brasileiro SA – Petrobras has a 1-year low of $2.71 and a 1-year high of $10.97. The company’s market cap is $69.66 billion. The stock has a 50 day moving average of $9.48 and a 200 day moving average of $7.75.

A number of hedge funds and other institutional investors have recently made changes to their positions in PBR. Eqis Capital Management Inc. boosted 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 last quarter. Wetherby Asset Management Inc. boosted 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 last quarter. Candriam Luxembourg S.C.A. boosted 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 last quarter. Private Advisor Group LLC boosted 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 last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Petroleo Brasileiro SA – Petrobras during the second quarter valued at about $208,000. 5.81% of the stock is currently owned by institutional investors and hedge funds.

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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