Brokerages Set Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) Target Price at $14.90

Shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) have received an average rating of “Moderate Buy” from the seven research firms that are currently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $14.90.

Several research firms have commented on PBR. Weiss Ratings restated a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a report on Wednesday, October 8th. UBS Group dropped their price target on Petroleo Brasileiro S.A.- Petrobras from $15.80 to $14.40 and set a “buy” rating on the stock in a research report on Friday, August 22nd. Zacks Research downgraded Petroleo Brasileiro S.A.- Petrobras from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 18th. Finally, Wall Street Zen raised shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research note on Monday, November 17th.

Hedge Funds Weigh In On Petroleo Brasileiro S.A.- Petrobras

A number of large investors have recently bought and sold shares of PBR. Abel Hall LLC lifted its holdings in Petroleo Brasileiro S.A.- Petrobras by 32.3% during the third quarter. Abel Hall LLC now owns 20,500 shares of the oil and gas exploration company’s stock worth $260,000 after buying an additional 5,000 shares during the period. Morningstar Investment Management LLC raised its position in shares of Petroleo Brasileiro S.A.- Petrobras by 2.9% in the 3rd quarter. Morningstar Investment Management LLC now owns 307,303 shares of the oil and gas exploration company’s stock worth $3,890,000 after acquiring an additional 8,795 shares in the last quarter. Victory Financial Group LLC raised its position in shares of Petroleo Brasileiro S.A.- Petrobras by 16.7% in the 3rd quarter. Victory Financial Group LLC now owns 21,051 shares of the oil and gas exploration company’s stock worth $267,000 after acquiring an additional 3,006 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 1.0% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,619,669 shares of the oil and gas exploration company’s stock worth $20,505,000 after purchasing an additional 15,728 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Petroleo Brasileiro S.A.- Petrobras by 42.3% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 68,639 shares of the oil and gas exploration company’s stock valued at $869,000 after purchasing an additional 20,401 shares in the last quarter.

Petroleo Brasileiro S.A.- Petrobras Price Performance

Petroleo Brasileiro S.A.- Petrobras stock opened at $12.12 on Wednesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.82 and a quick ratio of 0.57. The stock has a market cap of $78.11 billion, a price-to-earnings ratio of 5.61 and a beta of 0.53. The firm has a 50-day moving average of $12.33 and a two-hundred day moving average of $12.39. Petroleo Brasileiro S.A.- Petrobras has a 1 year low of $11.03 and a 1 year high of $14.98.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last posted its quarterly earnings results on Thursday, November 6th. The oil and gas exploration company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.03. The firm had revenue of $23.48 billion during the quarter, compared to the consensus estimate of $125.50 billion. Petroleo Brasileiro S.A.- Petrobras had a net margin of 16.15% and a return on equity of 23.32%. On average, research analysts forecast that Petroleo Brasileiro S.A.- Petrobras will post 2.14 earnings per share for the current year.

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

The firm also recently declared a special dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, December 26th will be given a $0.1773 dividend. The ex-dividend date of this dividend is Friday, December 26th. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio is presently 47.69%.

About Petroleo Brasileiro S.A.- Petrobras

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.