Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Reaches New 1-Year Low – Time to Sell?

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)’s share price hit a new 52-week low on Tuesday . The stock traded as low as $12.54 and last traded at $12.58, with a volume of 3260960 shares trading hands. The stock had previously closed at $12.78.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. HSBC raised Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a report on Wednesday, March 5th. StockNews.com cut shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd. Finally, Hsbc Global Res raised shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Petróleo Brasileiro S.A. – Petrobras has a consensus rating of “Moderate Buy” and an average price target of $17.81.

Petróleo Brasileiro S.A. – Petrobras Price Performance

The company has a current ratio of 0.94, a quick ratio of 0.71 and a debt-to-equity ratio of 0.65. The firm has a market cap of $81.96 billion, a price-to-earnings ratio of 4.97, a P/E/G ratio of 0.18 and a beta of 1.39. The company has a 50 day moving average of $13.73 and a 200 day moving average of $14.03.

Hedge Funds Weigh In On Petróleo Brasileiro S.A. – Petrobras

Several institutional investors have recently modified their holdings of PBR. Dodge & Cox lifted its stake in Petróleo Brasileiro S.A. – Petrobras by 4.8% in the 4th quarter. Dodge & Cox now owns 17,300 shares of the oil and gas exploration company’s stock valued at $222,000 after purchasing an additional 800 shares during the last quarter. Sonora Investment Management Group LLC increased its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 6.2% during the 4th quarter. Sonora Investment Management Group LLC now owns 17,070 shares of the oil and gas exploration company’s stock worth $220,000 after acquiring an additional 1,000 shares during the last quarter. Ascent Group LLC raised its stake in Petróleo Brasileiro S.A. – Petrobras by 8.2% in the 3rd quarter. Ascent Group LLC now owns 13,722 shares of the oil and gas exploration company’s stock valued at $198,000 after acquiring an additional 1,044 shares during the period. Envestnet Portfolio Solutions Inc. raised its stake in Petróleo Brasileiro S.A. – Petrobras by 5.2% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 23,536 shares of the oil and gas exploration company’s stock valued at $303,000 after acquiring an additional 1,164 shares during the period. Finally, Samalin Investment Counsel LLC lifted its holdings in Petróleo Brasileiro S.A. – Petrobras by 9.8% during the 4th quarter. Samalin Investment Counsel LLC now owns 14,194 shares of the oil and gas exploration company’s stock valued at $183,000 after purchasing an additional 1,269 shares during the last quarter.

Petróleo Brasileiro S.A. – Petrobras Company Profile

Petróleo Brasileiro SA – Petrobras explores, produces, and sells oil and gas in Brazil and internationally. The company operates through three segments: Exploration and Production; Refining, Transportation and Marketing; and Gas and Power. The Exploration and Production segment explores, develops, and produces crude oil, natural gas liquids, and natural gas primarily for supplies to the domestic refineries.