Shares of PETROLEO BRASIL/ADR (NYSE:PBR) have received an average rating of “Buy” from the eleven research firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $18.42.

A number of equities research analysts have commented on the stock. ValuEngine raised shares of PETROLEO BRASIL/ADR from a “hold” rating to a “buy” rating in a report on Friday, June 7th. Zacks Investment Research raised shares of PETROLEO BRASIL/ADR from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 7th. Credit Suisse Group raised shares of PETROLEO BRASIL/ADR from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $15.00 to $21.00 in a report on Monday, April 8th. Finally, HSBC raised shares of PETROLEO BRASIL/ADR from a “hold” rating to a “buy” rating in a report on Thursday, March 14th.

Shares of PETROLEO BRASIL/ADR stock opened at $15.98 on Friday. PETROLEO BRASIL/ADR has a 12-month low of $9.47 and a 12-month high of $17.90. The stock’s 50-day moving average price is $14.90. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 1.30. The firm has a market cap of $108.20 billion, a PE ratio of 11.17 and a beta of 1.51.

PETROLEO BRASIL/ADR (NYSE:PBR) last issued its quarterly earnings data on Thursday, May 2nd. The oil and gas exploration company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.06). PETROLEO BRASIL/ADR had a return on equity of 10.35% and a net margin of 6.50%. The company had revenue of $21.23 billion for the quarter, compared to the consensus estimate of $21.65 billion. On average, equities analysts predict that PETROLEO BRASIL/ADR will post 1.29 EPS for the current year.

The firm also recently announced a special dividend, which will be paid on Monday, July 15th. Stockholders of record on Thursday, May 23rd will be paid a $0.0509 dividend. The ex-dividend date of this dividend is Wednesday, May 22nd. This is a positive change from PETROLEO BRASIL/ADR’s previous special dividend of $0.03. PETROLEO BRASIL/ADR’s dividend payout ratio (DPR) is 10.49%.

Several hedge funds and other institutional investors have recently modified their holdings of PBR. RWC Asset Advisors US LLC bought a new position in shares of PETROLEO BRASIL/ADR in the 4th quarter valued at about $83,394,000. Two Sigma Advisers LP raised its position in shares of PETROLEO BRASIL/ADR by 15,096.1% in the 4th quarter. Two Sigma Advisers LP now owns 2,704,900 shares of the oil and gas exploration company’s stock valued at $35,191,000 after acquiring an additional 2,687,100 shares during the period. RWC Asset Management LLP acquired a new stake in shares of PETROLEO BRASIL/ADR in the 4th quarter valued at approximately $28,833,000. Victory Capital Management Inc. acquired a new stake in shares of PETROLEO BRASIL/ADR in the 4th quarter valued at approximately $21,523,000. Finally, Massachusetts Financial Services Co. MA raised its position in shares of PETROLEO BRASIL/ADR by 122.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,478,842 shares of the oil and gas exploration company’s stock valued at $32,250,000 after acquiring an additional 1,364,490 shares during the period. 7.23% of the stock is currently owned by institutional investors.

PETROLEO BRASIL/ADR Company Profile

PetrĂ³leo Brasileiro SA – Petrobras operates in the oil, natural gas, and energy industries in Brazil and internationally. It engages in prospecting, drilling, refining, processing, trading, and transporting crude oil from producing onshore and offshore oil fields and shale or other rocks, as well as oil products, natural gas, and other liquid hydrocarbons.

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

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