Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) has been given a $10.00 target price by research analysts at Barclays PLC in a research report issued to clients and investors on Tuesday. The brokerage currently has a “sell” rating on the oil and gas exploration company’s stock. Barclays PLC’s price target would suggest a potential downside of 4.49% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the company. ValuEngine cut Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating in a report on Thursday, August 17th. BidaskClub cut Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “sell” rating in a report on Wednesday, August 16th. Zacks Investment Research cut Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “sell” rating in a report on Tuesday. Raymond James Financial, Inc. restated a “market perform” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a report on Tuesday, August 15th. Finally, TheStreet upgraded Petroleo Brasileiro S.A.- Petrobras from a “d+” rating to a “c-” rating in a report on Monday, August 7th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $10.36.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) opened at 10.47 on Tuesday. Petroleo Brasileiro S.A.- Petrobras has a 12-month low of $7.61 and a 12-month high of $12.56. The firm’s market cap is $68.29 billion. The firm has a 50-day moving average price of $9.87 and a 200 day moving average price of $9.08.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in PBR. IHT Wealth Management LLC acquired a new position in Petroleo Brasileiro S.A.- Petrobras during the second quarter valued at approximately $103,000. Oppenheimer & Co. Inc. acquired a new position in Petroleo Brasileiro S.A.- Petrobras during the first quarter valued at approximately $110,000. Jacobi Capital Management LLC raised its position in Petroleo Brasileiro S.A.- Petrobras by 585.5% during the first quarter. Jacobi Capital Management LLC now owns 11,585 shares of the oil and gas exploration company’s stock valued at $113,000 after purchasing an additional 9,895 shares in the last quarter. D.A. Davidson & CO. raised its position in Petroleo Brasileiro S.A.- Petrobras by 276.6% during the second quarter. D.A. Davidson & CO. now owns 13,402 shares of the oil and gas exploration company’s stock valued at $107,000 after purchasing an additional 9,843 shares in the last quarter. Finally, Fox Run Management L.L.C. acquired a new position in Petroleo Brasileiro S.A.- Petrobras during the second quarter valued at approximately $118,000. Institutional investors own 5.71% 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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