Petroleo Brasileiro SA – Petrobras (NYSE:PBR)‘s stock had its “hold” rating reaffirmed by investment analysts at Societe Generale in a research note issued to investors on Thursday.

A number of other research firms have also recently issued reports on PBR. Zacks Investment Research upgraded Petroleo Brasileiro SA – Petrobras from a “sell” rating to a “hold” rating in a report on Thursday, October 27th. Barclays PLC restated an “equal weight” rating and set a $11.00 price objective on shares of Petroleo Brasileiro SA – Petrobras in a report on Thursday, November 10th. HSBC cut Petroleo Brasileiro SA – Petrobras from a “buy” rating to a “hold” rating in a report on Monday, October 17th. Vetr cut Petroleo Brasileiro SA – Petrobras from a “hold” rating to a “sell” rating and set a $9.84 price objective for the company. in a report on Monday, October 10th. Finally, Morgan Stanley restated an “overweight” rating and set a $13.00 price objective (up previously from $10.00) on shares of Petroleo Brasileiro SA – Petrobras in a report on Thursday, October 6th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. Petroleo Brasileiro SA – Petrobras presently has an average rating of “Hold” and an average target price of $8.67.

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

Petroleo Brasileiro SA – Petrobras (NYSE:PBR) opened at 9.83 on Thursday. The company’s market capitalization is $64.11 billion. The stock’s 50 day moving average price is $10.86 and its 200 day moving average price is $8.65. Petroleo Brasileiro SA – Petrobras has a one year low of $2.71 and a one year high of $12.56.

A number of hedge funds and other institutional investors have recently made changes to their positions in PBR. 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 valued at $110,000 after buying an additional 2,410 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 valued at $115,000 after buying an additional 4,521 shares in the last quarter. CSS LLC IL acquired a new position in shares of Petroleo Brasileiro SA – Petrobras during the third quarter valued at about $118,000. 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 valued at $145,000 after buying an additional 3,500 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 valued at about $156,000. 5.80% of the stock is currently owned by institutional investors.

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

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