Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) Issues Earnings Results

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) issued its earnings results on Thursday. The oil and gas exploration company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.20, Zacks reports. The firm had revenue of $23.61 billion for the quarter, compared to the consensus estimate of $23.06 billion. Petroleo Brasileiro S.A.- Petrobras had a net margin of 16.15% and a return on equity of 23.32%.

Petroleo Brasileiro S.A.- Petrobras Trading Up 5.3%

NYSE:PBR traded up $0.88 during trading hours on Friday, reaching $17.61. 17,380,533 shares of the stock were exchanged, compared to its average volume of 25,592,795. Petroleo Brasileiro S.A.- Petrobras has a twelve month low of $11.03 and a twelve month high of $17.69. The company has a quick ratio of 0.57, a current ratio of 0.82 and a debt-to-equity ratio of 0.73. The business has a 50-day moving average of $14.27 and a two-hundred day moving average of $13.01. The company has a market capitalization of $113.49 billion, a price-to-earnings ratio of 8.15, a PEG ratio of 0.29 and a beta of 0.51.

Petroleo Brasileiro S.A.- Petrobras Announces Dividend

The company also recently announced a special dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, December 26th will be given a $0.0658 dividend. The ex-dividend date of this dividend is Friday, December 26th. Petroleo Brasileiro S.A.- Petrobras’s payout ratio is presently 18.52%.

Institutional Trading of Petroleo Brasileiro S.A.- Petrobras

Institutional investors and hedge funds have recently modified their holdings of the business. Geneos Wealth Management Inc. boosted its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 74.9% in 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 during the last quarter. Parkside Financial Bank & Trust boosted its stake in Petroleo Brasileiro S.A.- Petrobras by 264.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 4,544 shares of the oil and gas exploration company’s stock valued at $54,000 after acquiring an additional 3,296 shares during the period. Inspire Investing LLC acquired a new position in Petroleo Brasileiro S.A.- Petrobras during the 4th quarter valued at approximately $77,000. Redwood Park Advisors LLC increased its position in Petroleo Brasileiro S.A.- Petrobras by 60.5% in the fourth quarter. Redwood Park Advisors LLC now owns 6,818 shares of the oil and gas exploration company’s stock worth $81,000 after buying an additional 2,570 shares during the period. Finally, Advocate Investing Services LLC bought a new stake in Petroleo Brasileiro S.A.- Petrobras in the fourth quarter valued at $147,000.

Analyst Upgrades and Downgrades

PBR has been the subject of several research analyst reports. The Goldman Sachs Group raised their price target on Petroleo Brasileiro S.A.- Petrobras from $13.10 to $15.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Wall Street Zen upgraded Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. UBS Group upped their price target on shares of Petroleo Brasileiro S.A.- Petrobras from $14.40 to $14.60 and gave the stock a “buy” rating in a report on Wednesday, January 14th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Petroleo Brasileiro S.A.- Petrobras currently has an average rating of “Moderate Buy” and an average target price of $14.97.

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.