Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) gapped up prior to trading on Monday . The stock had previously closed at $9.23, but opened at $9.43. Petroleo Brasileiro S.A.- Petrobras shares last traded at $9.61, with a volume of 13941362 shares.

A number of analysts have recently weighed in on the stock. Raymond James Financial reaffirmed a “market perform” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research report on Wednesday, October 4th. Barclays reissued an “underweight” rating and set a $8.00 price objective on shares of Petroleo Brasileiro S.A.- Petrobras in a research report on Wednesday, October 4th. Societe Generale downgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating and increased their price objective for the company from $10.51 to $11.00 in a research report on Wednesday, October 18th. Zacks Investment Research raised shares of Petroleo Brasileiro S.A.- Petrobras from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 17th. Finally, Credit Suisse Group reissued a “buy” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research report on Friday, September 15th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $10.48.

The company has a current ratio of 2.02, a quick ratio of 1.66 and a debt-to-equity ratio of 1.27. The stock has a market capitalization of $62,678.80, a price-to-earnings ratio of 17.80 and a beta of 2.36.

In other news, Director Christopher Geoffrey Hampson sold 250,000 shares of the firm’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $0.18, for a total transaction of $45,000.00.

Several large investors have recently modified their holdings of PBR. IHT Wealth Management LLC purchased a new stake in Petroleo Brasileiro S.A.- Petrobras during the 2nd quarter valued at approximately $103,000. D.A. Davidson & CO. raised its holdings in Petroleo Brasileiro S.A.- Petrobras by 276.6% in the second quarter. D.A. Davidson & CO. now owns 13,402 shares of the oil and gas exploration company’s stock worth $107,000 after purchasing an additional 9,843 shares in the last quarter. Oppenheimer & Co. Inc. raised its holdings in Petroleo Brasileiro S.A.- Petrobras by 54.5% in the second quarter. Oppenheimer & Co. Inc. now owns 17,577 shares of the oil and gas exploration company’s stock worth $140,000 after purchasing an additional 6,200 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 11.6% during the second quarter. Van ECK Associates Corp now owns 18,684 shares of the oil and gas exploration company’s stock worth $149,000 after acquiring an additional 1,947 shares during the last quarter. Finally, Friedberg Investment Management purchased a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the second quarter worth about $164,000. Hedge funds and other institutional investors own 5.54% of the company’s stock.

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Petroleo Brasileiro S.A.- Petrobras Company Profile

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