Equities analysts expect that PETROLEO BRASIL/ADR (NYSE:PBR) will post earnings per share (EPS) of ($0.20) for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for PETROLEO BRASIL/ADR’s earnings, with the lowest EPS estimate coming in at ($0.21) and the highest estimate coming in at ($0.19). PETROLEO BRASIL/ADR posted earnings per share of $0.72 in the same quarter last year, which suggests a negative year over year growth rate of 127.8%. The company is scheduled to issue its next earnings results on Thursday, May 14th.

On average, analysts expect that PETROLEO BRASIL/ADR will report full year earnings of ($0.29) per share for the current year, with EPS estimates ranging from ($0.43) to ($0.10). For the next year, analysts expect that the firm will report earnings of $0.19 per share, with EPS estimates ranging from ($0.15) to $0.55. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow PETROLEO BRASIL/ADR.

A number of analysts have recently issued reports on PBR shares. Bradesco Corretora upgraded shares of PETROLEO BRASIL/ADR from a “neutral” rating to an “outperform” rating in a report on Friday, May 8th. Scotiabank upgraded shares of PETROLEO BRASIL/ADR from a “sector perform” rating to an “outperform” rating in a report on Wednesday, April 29th. Bank of America downgraded shares of PETROLEO BRASIL/ADR from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $10.00 to $7.50 in a report on Thursday. Finally, ValuEngine upgraded shares of PETROLEO BRASIL/ADR from a “sell” rating to a “hold” rating in a report on Sunday, March 15th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. PETROLEO BRASIL/ADR has a consensus rating of “Buy” and an average target price of $15.25.

PBR traded up $0.06 during trading on Friday, reaching $6.10. The company had a trading volume of 29,574,367 shares, compared to its average volume of 32,682,781. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.97 and a quick ratio of 0.68. PETROLEO BRASIL/ADR has a 12 month low of $4.01 and a 12 month high of $16.95. The business’s fifty day moving average price is $6.22 and its 200 day moving average price is $12.07. The company has a market cap of $39.79 billion, a P/E ratio of 4.55 and a beta of 1.92.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 22nd. Shareholders of record on Wednesday, April 29th will be given a dividend of $0.0931 per share. This represents a $0.37 dividend on an annualized basis and a yield of 6.10%. This is a boost from PETROLEO BRASIL/ADR’s previous quarterly dividend of $0.08. The ex-dividend date is Tuesday, April 28th.

Hedge funds have recently added to or reduced their stakes in the business. Compass Group LLC boosted its position in PETROLEO BRASIL/ADR by 245.7% during the fourth quarter. Compass Group LLC now owns 307,751 shares of the oil and gas exploration company’s stock worth $4,906,000 after purchasing an additional 218,730 shares during the period. Driehaus Capital Management LLC boosted its position in shares of PETROLEO BRASIL/ADR by 20.5% in the fourth quarter. Driehaus Capital Management LLC now owns 2,530,470 shares of the oil and gas exploration company’s stock valued at $40,336,000 after acquiring an additional 430,833 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. bought a new stake in shares of PETROLEO BRASIL/ADR in the fourth quarter valued at about $1,593,000. Massachusetts Financial Services Co. MA boosted its position in shares of PETROLEO BRASIL/ADR by 3.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,555,530 shares of the oil and gas exploration company’s stock valued at $56,674,000 after acquiring an additional 108,813 shares during the period. Finally, Candriam Luxembourg S.C.A. boosted its position in shares of PETROLEO BRASIL/ADR by 21.3% in the fourth quarter. Candriam Luxembourg S.C.A. now owns 159,295 shares of the oil and gas exploration company’s stock valued at $2,540,000 after acquiring an additional 27,939 shares during the period. 7.97% of the stock is owned by hedge funds and other 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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