Brokerages forecast that PETROLEO BRASIL/ADR (NYSE:PBR) will report earnings per share of $0.33 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for PETROLEO BRASIL/ADR’s earnings. The highest EPS estimate is $0.37 and the lowest is $0.29. PETROLEO BRASIL/ADR posted earnings per share of $0.26 during the same quarter last year, which suggests a positive year over year growth rate of 26.9%. The business is scheduled to issue its next quarterly earnings results on Tuesday, November 5th.

According to Zacks, analysts expect that PETROLEO BRASIL/ADR will report full year earnings of $1.23 per share for the current year, with EPS estimates ranging from $0.78 to $1.68. For the next fiscal year, analysts forecast that the company will report earnings of $1.70 per share, with EPS estimates ranging from $0.76 to $2.65. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow PETROLEO BRASIL/ADR.

A number of research firms have recently issued reports on PBR. ValuEngine cut shares of PETROLEO BRASIL/ADR from a “hold” rating to a “sell” rating in a research note on Tuesday. Zacks Investment Research upgraded shares of PETROLEO BRASIL/ADR from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 7th. Goldman Sachs Group began coverage on shares of PETROLEO BRASIL/ADR in a research note on Thursday, July 11th. They set a “buy” rating for the company. Bank of America began coverage on shares of PETROLEO BRASIL/ADR in a research note on Wednesday, July 3rd. They set a “buy” rating and a $21.00 target price for the company. Finally, Citigroup restated a “buy” rating and set a $23.00 target price (up previously from $20.20) on shares of PETROLEO BRASIL/ADR in a research note on Monday, July 8th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $20.00.

Large investors have recently added to or reduced their stakes in the stock. Stifel Financial Corp acquired a new stake in shares of PETROLEO BRASIL/ADR during the fourth quarter valued at about $170,000. USS Investment Management Ltd lifted its position in shares of PETROLEO BRASIL/ADR by 18.4% during the first quarter. USS Investment Management Ltd now owns 2,576,104 shares of the oil and gas exploration company’s stock worth $40,999,000 after purchasing an additional 400,000 shares during the last quarter. Virtu Financial LLC bought a new position in shares of PETROLEO BRASIL/ADR during the first quarter worth about $330,000. DORCHESTER WEALTH MANAGEMENT Co bought a new position in shares of PETROLEO BRASIL/ADR during the first quarter worth about $159,000. Finally, Highland Capital Management LLC lifted its position in shares of PETROLEO BRASIL/ADR by 11.6% during the first quarter. Highland Capital Management LLC now owns 76,212 shares of the oil and gas exploration company’s stock worth $1,213,000 after purchasing an additional 7,950 shares during the last quarter. 7.61% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE PBR traded up $0.01 during mid-day trading on Thursday, reaching $13.13. 524,120 shares of the company were exchanged, compared to its average volume of 16,337,347. The company’s 50-day simple moving average is $15.18 and its 200-day simple moving average is $15.49. The company has a quick ratio of 1.06, a current ratio of 1.31 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $85.77 billion, a P/E ratio of 9.20 and a beta of 1.51. PETROLEO BRASIL/ADR has a twelve month low of $10.16 and a twelve month high of $17.90.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Wednesday, August 14th will be given a dividend of $0.077 per share. This represents a $0.31 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date is Tuesday, August 13th. PETROLEO BRASIL/ADR’s dividend payout ratio is 21.68%.

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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