Equities research analysts expect Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) to post earnings per share of $0.32 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Petroleo Brasileiro S.A.- Petrobras’ earnings. The highest EPS estimate is $0.39 and the lowest is $0.22. Petroleo Brasileiro S.A.- Petrobras posted earnings per share of $0.21 in the same quarter last year, which suggests a positive year-over-year growth rate of 52.4%. The company is scheduled to issue its next quarterly earnings report on Tuesday, March 20th.

According to Zacks, analysts expect that Petroleo Brasileiro S.A.- Petrobras will report full year earnings of $0.69 per share for the current fiscal year, with EPS estimates ranging from $0.58 to $0.84. For the next year, analysts anticipate that the company will post earnings of $1.09 per share, with EPS estimates ranging from $0.69 to $1.79. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Petroleo Brasileiro S.A.- Petrobras.

PBR has been the topic of several analyst reports. Credit Suisse Group set a $12.00 target price on shares of Petroleo Brasileiro S.A.- Petrobras and gave the stock a “buy” rating in a research report on Monday, December 25th. 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. ValuEngine downgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating in a research report on Tuesday, November 21st. Raymond James Financial reissued a “market perform” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research report on Wednesday, October 4th. Finally, Societe Generale downgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating and increased their target price for the stock from $10.51 to $11.00 in a research report on Wednesday, October 18th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. Petroleo Brasileiro S.A.- Petrobras currently has a consensus rating of “Hold” and a consensus target price of $10.48.

Petroleo Brasileiro S.A.- Petrobras (NYSE PBR) opened at $10.29 on Monday. 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 company has a market cap of $67,113.95, a price-to-earnings ratio of 27.81 and a beta of 2.36. Petroleo Brasileiro S.A.- Petrobras has a 1 year low of $7.61 and a 1 year high of $11.71.

Institutional investors have recently bought and sold shares of the business. IHT Wealth Management LLC acquired a new stake in shares of Petroleo Brasileiro S.A.- Petrobras in the second quarter valued at about $103,000. AGF Investments Inc. grew its position in shares of Petroleo Brasileiro S.A.- Petrobras by 1.4% in the second quarter. AGF Investments Inc. now owns 87,020 shares of the oil and gas exploration company’s stock valued at $695,000 after purchasing an additional 1,231 shares during the last quarter. Van ECK Associates Corp grew its position in shares of Petroleo Brasileiro S.A.- Petrobras by 11.6% in the second quarter. Van ECK Associates Corp now owns 18,684 shares of the oil and gas exploration company’s stock valued at $149,000 after purchasing an additional 1,947 shares during the last quarter. Oppenheimer & Co. Inc. grew its position in shares of 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 valued at $140,000 after purchasing an additional 6,200 shares during the last quarter. Finally, D.A. Davidson & CO. grew its position in shares of 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 valued at $107,000 after purchasing an additional 9,843 shares during the last quarter. 5.54% of the stock is currently owned by hedge funds and other institutional investors.

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