Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) Upgraded by Wall Street Zen to Buy Rating

Wall Street Zen upgraded shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) from a hold rating to a buy rating in a research note published on Monday morning.

A number of other research firms also recently weighed in on PBR. Zacks Research downgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 18th. UBS Group lowered their target price on shares of Petroleo Brasileiro S.A.- Petrobras from $15.80 to $14.40 and set a “buy” rating for the company in a report on Friday, August 22nd. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Petroleo Brasileiro S.A.- Petrobras presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.90.

Petroleo Brasileiro S.A.- Petrobras Trading Down 0.6%

PBR stock opened at $13.11 on Monday. The company has a quick ratio of 0.47, a current ratio of 0.72 and a debt-to-equity ratio of 0.76. Petroleo Brasileiro S.A.- Petrobras has a twelve month low of $11.03 and a twelve month high of $15.10. The company has a market cap of $84.45 billion, a P/E ratio of 6.12 and a beta of 0.83. The business has a fifty day moving average of $12.38 and a 200-day moving average of $12.30.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last announced its quarterly earnings data on Thursday, November 6th. The oil and gas exploration company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.03. The firm had revenue of $23.48 billion during the quarter, compared to analyst estimates of $125.50 billion. Petroleo Brasileiro S.A.- Petrobras had a return on equity of 34.11% and a net margin of 15.99%. As a group, equities research analysts expect that Petroleo Brasileiro S.A.- Petrobras will post 2.14 EPS for the current year.

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

The firm also recently announced a special dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, December 26th will be issued a dividend of $0.1773 per share. The ex-dividend date is Friday, December 26th. Petroleo Brasileiro S.A.- Petrobras’s payout ratio is currently 32.41%.

Institutional Investors Weigh In On Petroleo Brasileiro S.A.- Petrobras

A number of hedge funds have recently modified their holdings of PBR. Insigneo Advisory Services LLC grew its position in shares of Petroleo Brasileiro S.A.- Petrobras by 0.4% in the 3rd quarter. Insigneo Advisory Services LLC now owns 210,974 shares of the oil and gas exploration company’s stock valued at $2,671,000 after purchasing an additional 780 shares during the period. Drum Hill Capital LLC boosted its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 0.7% in the third quarter. Drum Hill Capital LLC now owns 132,914 shares of the oil and gas exploration company’s stock valued at $1,683,000 after buying an additional 866 shares during the period. Whipplewood Advisors LLC boosted its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 45.7% in the second quarter. Whipplewood Advisors LLC now owns 2,875 shares of the oil and gas exploration company’s stock valued at $36,000 after buying an additional 902 shares during the period. World Investment Advisors increased its position in shares of Petroleo Brasileiro S.A.- Petrobras by 6.7% during the third quarter. World Investment Advisors now owns 15,322 shares of the oil and gas exploration company’s stock worth $194,000 after acquiring an additional 961 shares in the last quarter. Finally, Intrua Financial LLC raised its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 6.3% during the first quarter. Intrua Financial LLC now owns 16,950 shares of the oil and gas exploration company’s stock worth $243,000 after acquiring an additional 1,000 shares during the period.

Petroleo 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.