Shares of PETROLEO BRASIL/ADR (NYSE:PBR) have been assigned an average rating of “Buy” from the thirteen analysts that are presently covering the company, MarketBeat reports. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $16.36.

A number of brokerages have weighed in on PBR. ValuEngine lowered shares of PETROLEO BRASIL/ADR from a “buy” rating to a “hold” rating in a report on Wednesday, November 7th. Credit Suisse Group set a $15.00 price target on shares of PETROLEO BRASIL/ADR and gave the company a “hold” rating in a report on Monday, November 5th. Zacks Investment Research upgraded shares of PETROLEO BRASIL/ADR from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a report on Wednesday, July 25th. UBS Group upgraded shares of PETROLEO BRASIL/ADR from a “neutral” rating to an “outperform” rating in a report on Monday, October 8th. Finally, Morgan Stanley upgraded shares of PETROLEO BRASIL/ADR from an “equal weight” rating to an “overweight” rating and set a $22.00 price target on the stock in a report on Tuesday, October 23rd.

Shares of PBR traded down $0.68 during mid-day trading on Thursday, reaching $14.04. The company had a trading volume of 811,438 shares, compared to its average volume of 29,486,544. The firm has a market cap of $97.44 billion, a PE ratio of 20.05 and a beta of 1.53. PETROLEO BRASIL/ADR has a fifty-two week low of $9.02 and a fifty-two week high of $17.20. The company has a quick ratio of 1.18, a current ratio of 1.60 and a debt-to-equity ratio of 1.14.

The business also recently declared an annual dividend, which will be paid on Thursday, December 13th. Shareholders of record on Monday, November 26th will be issued a $0.04 dividend. The ex-dividend date of this dividend is Friday, November 23rd. This represents a dividend yield of 0.27%. PETROLEO BRASIL/ADR’s dividend payout ratio (DPR) is presently 5.71%.

Several large investors have recently bought and sold shares of PBR. Brave Asset Management Inc. acquired a new position in shares of PETROLEO BRASIL/ADR during the 2nd quarter valued at $102,000. Marathon Trading Investment Management LLC acquired a new position in shares of PETROLEO BRASIL/ADR during the 2nd quarter valued at $107,000. Greenleaf Trust acquired a new position in shares of PETROLEO BRASIL/ADR during the 2nd quarter valued at $112,000. Verition Fund Management LLC acquired a new position in shares of PETROLEO BRASIL/ADR during the 2nd quarter valued at $122,000. Finally, Parallel Advisors LLC lifted its holdings in shares of PETROLEO BRASIL/ADR by 4,501.5% during the 2nd quarter. Parallel Advisors LLC now owns 12,562 shares of the oil and gas exploration company’s stock valued at $125,000 after acquiring an additional 12,289 shares in the last quarter. Institutional investors and hedge funds own 6.58% of the company’s stock.

PETROLEO BRASIL/ADR Company Profile

Petróleo Brasileiro SA – Petrobras operates in the oil, natural gas, and energy industries. The company's Exploration and Production segment engages in the exploration, development, and production of crude oil, natural gas liquids, and natural gas; and sale of surplus crude oil and oil products produced in the natural gas processing plants to the domestic and international markets.

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Analyst Recommendations for PETROLEO BRASIL/ADR (NYSE:PBR)

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