Vetr upgraded shares of Petroleo Brasileiro SA – Petrobras (NYSE:PBR) from a hold rating to a buy rating in a report released on Monday morning. Vetr currently has $10.44 target price on the oil and gas exploration company’s stock.

Several other equities research analysts have also commented on PBR. Zacks Investment Research raised shares of Petroleo Brasileiro SA – Petrobras from a hold rating to a buy rating and set a $9.50 price objective on the stock in a research note on Monday, July 25th. Morgan Stanley reissued an overweight rating and set a $10.00 price objective on shares of Petroleo Brasileiro SA – Petrobras in a research note on Friday, August 12th. Barclays PLC reissued an underweight rating and set a $9.00 price objective on shares of Petroleo Brasileiro SA – Petrobras in a research note on Monday, August 15th. Credit Suisse Group AG raised shares of Petroleo Brasileiro SA – Petrobras from an underperform rating to a neutral rating and boosted their price objective for the stock from $2.00 to $8.60 in a research note on Friday, August 26th. Finally, HSBC raised shares of Petroleo Brasileiro SA – Petrobras from a hold rating to a buy rating in a research note on Thursday, September 8th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $9.05.

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

Petroleo Brasileiro SA – Petrobras (NYSE:PBR) traded up 1.75% during midday trading on Monday, reaching $10.45. 4,748,721 shares of the company’s stock traded hands. Petroleo Brasileiro SA – Petrobras has a 52-week low of $2.71 and a 52-week high of $12.56. The firm’s 50-day moving average is $10.90 and its 200 day moving average is $8.71. The firm’s market cap is $68.16 billion.

Several hedge funds have recently added to or reduced their stakes in PBR. Emerald Acquisition Ltd. purchased a new stake in Petroleo Brasileiro SA – Petrobras during the second quarter worth $57,271,000. Horseman Capital Management Ltd bought a new position in shares of Petroleo Brasileiro SA – Petrobras during the second quarter valued at approximately $54,416,000. Axiom International Investors LLC DE raised its position in shares of Petroleo Brasileiro SA – Petrobras by 152.6% in the second quarter. Axiom International Investors LLC DE now owns 7,025,000 shares of the oil and gas exploration company’s stock valued at $50,299,000 after buying an additional 4,243,900 shares during the last quarter. Numeric Investors LLC bought a new position in shares of Petroleo Brasileiro SA – Petrobras during the second quarter valued at approximately $19,363,000. Finally, Ashmore Group plc bought a new position in shares of Petroleo Brasileiro SA – Petrobras during the second quarter valued at approximately $7,992,000. Institutional investors and hedge funds own 6.03% of the company’s stock.

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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