Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Receives $16.76 Average PT from Analysts

Shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) have been assigned an average recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $16.76.

A number of research firms have recently weighed in on PBR. Bank of America downgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “neutral” rating and set a $16.00 price target for the company. in a research report on Friday, March 8th. UBS Group boosted their price objective on shares of Petróleo Brasileiro S.A. – Petrobras from $17.20 to $17.40 and gave the stock a “buy” rating in a research note on Monday, March 25th. HSBC raised shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Monday, March 25th. Finally, Morgan Stanley cut shares of Petróleo Brasileiro S.A. – Petrobras from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $20.00 to $18.00 in a report on Monday, March 11th.

Petróleo Brasileiro S.A. – Petrobras Stock Down 5.1 %

Shares of NYSE PBR opened at $16.45 on Friday. The stock has a 50 day moving average price of $15.90 and a 200 day moving average price of $15.95. Petróleo Brasileiro S.A. – Petrobras has a 52 week low of $10.03 and a 52 week high of $17.91. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.96 and a quick ratio of 0.73.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) last released its quarterly earnings data on Friday, March 8th. The oil and gas exploration company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.15. The firm had revenue of $27.11 billion during the quarter, compared to analysts’ expectations of $26.45 billion. Petróleo Brasileiro S.A. – Petrobras had a net margin of 24.30% and a return on equity of 34.44%. Equities analysts forecast that Petróleo Brasileiro S.A. – Petrobras will post 3.61 earnings per share for the current year.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The firm also recently declared a Variable dividend, which will be paid on Tuesday, May 28th. Investors of record on Monday, May 6th will be issued a dividend of $0.3406 per share. The ex-dividend date is Friday, May 3rd. This represents a yield of 16.25%. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio (DPR) is currently 21.99%.

Institutional Investors Weigh In On Petróleo Brasileiro S.A. – Petrobras

Several large investors have recently modified their holdings of the stock. Sound Income Strategies LLC bought a new stake in shares of Petróleo Brasileiro S.A. – Petrobras during the fourth quarter valued at about $45,000. Frank Rimerman Advisors LLC bought a new stake in Petróleo Brasileiro S.A. – Petrobras in the 4th quarter worth $54,000. SYSTM Wealth Solutions LLC raised its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 210.6% during the first quarter. SYSTM Wealth Solutions LLC now owns 3,998 shares of the oil and gas exploration company’s stock valued at $61,000 after acquiring an additional 2,711 shares in the last quarter. Founders Capital Management increased its position in shares of Petróleo Brasileiro S.A. – Petrobras by 17.5% during the first quarter. Founders Capital Management now owns 4,700 shares of the oil and gas exploration company’s stock valued at $71,000 after buying an additional 700 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the 3rd quarter worth approximately $85,000.

About Petróleo Brasileiro S.A. – Petrobras

Petróleo Brasileiro SA – Petrobras explores, produces, and sells oil and gas in Brazil and internationally. The company operates through Exploration and Production; Refining, Transportation and Marketing; and Gas and Power. It also 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.