Raymond James Financial, Inc. reaffirmed their market perform rating on shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) in a report published on Wednesday.

A number of other analysts also recently issued reports on the stock. Credit Suisse Group set a $12.00 price target on shares of Petroleo Brasileiro S.A.- Petrobras and gave the company a buy rating in a report on Tuesday, June 6th. Zacks Investment Research raised shares of Petroleo Brasileiro S.A.- Petrobras from a hold rating to a buy rating and set a $8.75 price target on the stock in a report on Tuesday, July 11th. ValuEngine raised shares of Petroleo Brasileiro S.A.- Petrobras from a hold rating to a buy rating in a report on Friday, September 1st. TheStreet raised shares of Petroleo Brasileiro S.A.- Petrobras from a d+ rating to a c- rating in a report on Monday, August 7th. Finally, BidaskClub raised shares of Petroleo Brasileiro S.A.- Petrobras from a sell rating to a hold rating in a report on Wednesday, July 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $10.69.

Petroleo Brasileiro S.A.- Petrobras (NYSE PBR) traded up 0.96% on Wednesday, reaching $10.50. 15,401,676 shares of the company traded hands. The stock’s 50 day moving average price is $9.67 and its 200 day moving average price is $9.04. Petroleo Brasileiro S.A.- Petrobras has a one year low of $7.61 and a one year high of $12.56. The company’s market capitalization is $68.48 billion. Petroleo Brasileiro S.A.- Petrobras also saw some unusual options trading activity on Wednesday. Investors bought 11,915 call options on the stock. This is an increase of 108% compared to the average volume of 5,739 call options.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PBR. IHT Wealth Management LLC bought a new stake in Petroleo Brasileiro S.A.- Petrobras during the 2nd quarter worth approximately $103,000. D.A. Davidson & CO. raised its stake in Petroleo Brasileiro S.A.- Petrobras by 276.6% during the 2nd quarter. D.A. Davidson & CO. now owns 13,402 shares of the oil and gas exploration company’s stock worth $107,000 after acquiring an additional 9,843 shares during the period. Oppenheimer & Co. Inc. bought a new stake in Petroleo Brasileiro S.A.- Petrobras during the 1st quarter worth approximately $110,000. Jacobi Capital Management LLC raised its stake in Petroleo Brasileiro S.A.- Petrobras by 585.5% during the 1st quarter. Jacobi Capital Management LLC now owns 11,585 shares of the oil and gas exploration company’s stock worth $113,000 after acquiring an additional 9,895 shares during the period. Finally, Fox Run Management L.L.C. bought a new stake in Petroleo Brasileiro S.A.- Petrobras during the 2nd quarter worth approximately $118,000. Institutional investors own 5.70% of the company’s stock.

Petroleo Brasileiro S.A.- Petrobras Company Profile

Analyst Recommendations for Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR)

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