Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) Receives $19.28 Consensus Price Target from Analysts

Shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) have been given a consensus rating of “Moderate Buy” by the seven research firms that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $19.28.

A number of equities research analysts recently issued reports on PBR shares. Zacks Research lowered Petroleo Brasileiro S.A.- Petrobras from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 28th. JPMorgan Chase & Co. decreased their price target on Petroleo Brasileiro S.A.- Petrobras from $24.00 to $23.00 and set an “overweight” rating for the company in a research note on Wednesday, June 3rd. Weiss Ratings raised Petroleo Brasileiro S.A.- Petrobras from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, May 12th. Bank of America raised Petroleo Brasileiro S.A.- Petrobras from a “neutral” rating to a “buy” rating and raised their price target for the stock from $18.70 to $24.80 in a research note on Friday, April 17th. Finally, Wall Street Zen raised Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research report on Sunday, March 22nd.

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

A number of institutional investors and hedge funds have recently bought and sold shares of PBR. GHP Investment Advisors Inc. bought a new stake in Petroleo Brasileiro S.A.- Petrobras during the 4th quarter valued at $26,000. Clearstead Advisors LLC raised its position in Petroleo Brasileiro S.A.- Petrobras by 273.4% during the 4th quarter. Clearstead Advisors LLC now owns 2,330 shares of the oil and gas exploration company’s stock valued at $28,000 after purchasing an additional 1,706 shares in the last quarter. Geneos Wealth Management Inc. raised its position in Petroleo Brasileiro S.A.- Petrobras by 74.9% during the 2nd quarter. Geneos Wealth Management Inc. now owns 2,438 shares of the oil and gas exploration company’s stock valued at $30,000 after purchasing an additional 1,044 shares in the last quarter. Bayforest Capital Ltd bought a new stake in Petroleo Brasileiro S.A.- Petrobras during the 4th quarter valued at $39,000. Finally, Ascentis Independent Advisors bought a new stake in Petroleo Brasileiro S.A.- Petrobras during the 1st quarter valued at $51,000.

Petroleo Brasileiro S.A.- Petrobras Price Performance

Shares of Petroleo Brasileiro S.A.- Petrobras stock opened at $16.29 on Friday. Petroleo Brasileiro S.A.- Petrobras has a one year low of $11.43 and a one year high of $22.24. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.49 and a current ratio of 0.74. The stock has a market cap of $104.95 billion, a price-to-earnings ratio of 5.29, a price-to-earnings-growth ratio of 0.65 and a beta of 0.32. The stock has a 50 day moving average price of $19.28 and a 200-day moving average price of $16.94.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last issued its quarterly earnings results on Tuesday, March 31st. The oil and gas exploration company reported $0.96 earnings per share (EPS) for the quarter. Petroleo Brasileiro S.A.- Petrobras had a return on equity of 23.65% and a net margin of 21.67%.The firm had revenue of $23.54 billion during the quarter. Equities analysts expect that Petroleo Brasileiro S.A.- Petrobras will post 4.72 EPS for the current year.

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

The company also recently announced a special dividend, which will be paid on Thursday, August 27th. Shareholders of record on Wednesday, June 3rd will be given a dividend of $0.1426 per share. The ex-dividend date of this dividend is Wednesday, June 3rd. Petroleo Brasileiro S.A.- Petrobras’s payout ratio is 11.04%.

Petroleo Brasileiro S.A.- Petrobras Company Profile

Petróleo Brasileiro SA – Petrobras is a Brazilian, state-controlled integrated oil and gas company headquartered in Rio de Janeiro. Founded in 1953, Petrobras is principally engaged in the exploration and production of crude oil and natural gas, and operates across the full value chain from upstream activities through refining, transportation and downstream marketing of petroleum products. The company is a major player in Brazil’s energy sector and is a listed public company with global capital market presence.

Petrobras’s core activities include deepwater and ultra-deepwater exploration and production, where it has been a pioneer in developing pre-salt reserves off Brazil’s coast.