Scotiabank started coverage on shares of Petroleo Brasileiro SA – Petrobras (NYSE:PBR) in a research report released on Monday. The firm issued a sector perform rating on the oil and gas exploration company’s stock.

Several other analysts have also recently weighed in on PBR. Vetr cut shares of Petroleo Brasileiro SA – Petrobras from a hold rating to a sell rating and set a $7.87 price objective for the company. in a research note on Monday, July 18th. Zacks Investment Research cut shares of Petroleo Brasileiro SA – Petrobras from a buy rating to a hold rating in a research note on Monday, July 18th. Morgan Stanley reiterated an overweight rating and issued a $10.00 price objective on shares of Petroleo Brasileiro SA – Petrobras in a research note on Friday, August 12th. Barclays PLC restated an underweight rating and issued a $9.00 target price on shares of Petroleo Brasileiro SA – Petrobras in a research report on Monday, August 15th. Finally, Credit Suisse Group AG upgraded shares of Petroleo Brasileiro SA – Petrobras from an underperform rating to a neutral rating and boosted their target price for the company from $2.00 to $8.60 in a research report on Friday, August 26th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $8.67.

Shares of Petroleo Brasileiro SA – Petrobras (NYSE:PBR) traded up 0.966% during trading on Monday, reaching $9.925. 2,810,590 shares of the company traded hands. The company has a 50 day moving average price of $10.86 and a 200 day moving average price of $8.65. Petroleo Brasileiro SA – Petrobras has a 12-month low of $2.71 and a 12-month high of $12.56. The firm’s market capitalization is $64.73 billion.

A number of institutional investors have recently bought and sold shares of PBR. CSS LLC IL bought a new position in Petroleo Brasileiro SA – Petrobras during the third quarter valued at $118,000. Eqis Capital Management Inc. raised 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 worth $110,000 after buying an additional 2,410 shares in the last quarter. Ayalon Holdings Ltd. raised its position in shares of Petroleo Brasileiro SA – Petrobras by 29.2% in the third quarter. Ayalon Holdings Ltd. now owns 15,500 shares of the oil and gas exploration company’s stock worth $145,000 after buying an additional 3,500 shares in the last quarter. Wetherby Asset Management Inc. raised 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 worth $115,000 after buying an additional 4,521 shares in the last quarter. Finally, Two Sigma Securities LLC acquired a new position in shares of Petroleo Brasileiro SA – Petrobras during the third quarter worth $156,000. Institutional investors own 5.80% of the company’s stock.

About Petroleo Brasileiro SA – Petrobras

Petroleo Brasileiro SA-Petrobras is an energy company. The Company is engaged in prospecting, drilling, refining, processing, trading and transporting crude oil from producing onshore and offshore oil fields and from shale or other rocks, as well as oil products, natural gas and other liquid hydrocarbons.

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.