Petroleo Brasileiro SA – Petrobras (NYSE:PBR) was downgraded by stock analysts at Tudor Pickering from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

Other research analysts have also issued reports about the stock. Vetr upgraded shares of Petroleo Brasileiro SA – Petrobras from a “hold” rating to a “buy” rating and set a $9.84 target price on the stock in a research note on Monday, September 26th. HSBC upgraded shares of Petroleo Brasileiro SA – Petrobras from a “hold” rating to a “buy” rating in a research note on Thursday, September 8th. Zacks Investment Research upgraded shares of Petroleo Brasileiro SA – Petrobras from a “hold” rating to a “buy” rating and set a $9.50 price target on the stock in a research report on Monday, July 25th. Citigroup Inc. upgraded shares of Petroleo Brasileiro SA – Petrobras from a “neutral” rating to a “buy” rating and raised their price target for the stock from $7.80 to $12.00 in a research report on Wednesday, October 5th. Finally, Barclays PLC restated an “equal weight” rating and issued a $11.00 price target on shares of Petroleo Brasileiro SA – Petrobras in a research report on Thursday, November 10th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. Petroleo Brasileiro SA – Petrobras presently has an average rating of “Hold” and a consensus target price of $9.05.

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

Petroleo Brasileiro SA – Petrobras (NYSE:PBR) opened at 9.65 on Thursday. The company’s market cap is $62.94 billion. Petroleo Brasileiro SA – Petrobras has a 52-week low of $2.71 and a 52-week high of $12.56. The firm has a 50-day moving average of $10.91 and a 200 day moving average of $8.66.

Several institutional investors have recently added to or reduced their stakes in PBR. Eqis Capital Management Inc. increased its position in 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 during the last quarter. Wetherby Asset Management Inc. increased its position in 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 during the last quarter. CSS LLC IL acquired a new position in Petroleo Brasileiro SA – Petrobras during the third quarter worth approximately $118,000. Ayalon Holdings Ltd. increased its position in 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 during the last quarter. Finally, Two Sigma Securities LLC acquired a new position in Petroleo Brasileiro SA – Petrobras during the third quarter worth approximately $156,000. 6.03% of the stock is owned by institutional investors.

Petroleo Brasileiro SA – Petrobras Company Profile

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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