Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) Stock Lifted to "Strong-Buy" by Wall Street Zen

Key Points

• Wall Street Zen upgraded Petrobras to “strong-buy” from “buy,” while other firms also issued favorable changes. Six analysts rate the stock Buy and two rate it Hold, producing a consensus “Moderate Buy” rating and a $20.97 price target.
• Petrobras shares opened at $22.06, with a market capitalization of $142.16 billion and a low price-to-earnings ratio of 5.57. The stock has traded between $11.43 and $26.39 over the past year.
• Several institutional investors recently increased their Petrobras holdings, including Inspire Investing, Checchi Capital Advisers, Ascent Group, McIlrath & Eck, and Drum Hill Capital.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Several other research firms have also recently issued reports on PBR. UBS Group raised their price target on Petroleo Brasileiro S.A.- Petrobras from $22.00 to $23.00 and gave the company a "buy" rating in a report on Wednesday, September 23rd. Weiss Ratings upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, October 9th. Zacks Research upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a "strong sell" rating to a "hold" rating in a research report on Monday, August 31st. Finally, JPMorgan Chase & Co. raised their target price on shares of Petroleo Brasileiro S.A.- Petrobras from $23.00 to $24.00 and gave the company an "overweight" rating in a research note on Tuesday, September 1st. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Petroleo Brasileiro S.A.- Petrobras has an average rating of "Moderate Buy" and a consensus price target of $20.97.

Petroleo Brasileiro S.A.- Petrobras Stock Performance

PBR stock opened at $22.06 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.85 and a quick ratio of 0.58. The company has a 50 day moving average price of $21.98 and a 200 day moving average price of $19.04. Petroleo Brasileiro S.A.- Petrobras has a fifty-two week low of $11.43 and a fifty-two week high of $26.39. The stock has a market capitalization of $142.16 billion, a PE ratio of 5.57, a price-to-earnings-growth ratio of 1.96 and a beta of 0.29.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Inspire Investing LLC increased its holdings in Petroleo Brasileiro S.A.- Petrobras by 8.8% during the 1st quarter. Inspire Investing LLC now owns 7,062 shares of the oil and gas exploration company's stock worth $147,000 after purchasing an additional 574 shares in the last quarter. Checchi Capital Advisers LLC raised its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 3.0% in the 1st quarter. Checchi Capital Advisers LLC now owns 24,130 shares of the oil and gas exploration company's stock valued at $501,000 after purchasing an additional 696 shares during the period. Ascent Group LLC lifted its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 5.9% in the second quarter. Ascent Group LLC now owns 15,689 shares of the oil and gas exploration company's stock valued at $254,000 after purchasing an additional 868 shares in the last quarter. McIlrath & Eck LLC lifted its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 8.7% in the first quarter. McIlrath & Eck LLC now owns 12,267 shares of the oil and gas exploration company's stock valued at $255,000 after purchasing an additional 980 shares in the last quarter. Finally, Drum Hill Capital LLC boosted its position in shares of Petroleo Brasileiro S.A.- Petrobras by 0.8% during the third quarter. Drum Hill Capital LLC now owns 133,322 shares of the oil and gas exploration company's stock worth $2,782,000 after buying an additional 1,038 shares during the period.

Petroleo Brasileiro S.A.- Petrobras Company Profile

Petróleo Brasileiro SA — Petrobras is a Brazilian state-controlled, integrated energy company engaged in the exploration, development, production, refining, transportation and marketing of oil and natural gas. Founded in 1953, the company plays a central role in Brazil's energy sector and is headquartered in Rio de Janeiro.

Petrobras produces crude oil and natural gas, with a major focus on Brazil's deepwater and pre-salt offshore fields. Its operations also include refining and selling petroleum products such as gasoline, diesel, aviation fuel, liquefied petroleum gas and other petrochemicals.

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