Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) Receives Average Recommendation of "Buy" from Analysts

Shares of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Get Free Report) have been given a consensus rating of "Buy" by the eight analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $17.81.

Several analysts have commented on PBR shares. HSBC raised shares of Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "buy" rating and set a $15.00 target price for the company in a research note on Wednesday, March 5th. Hsbc Global Res raised Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. Finally, StockNews.com downgraded shares of Petróleo Brasileiro S.A. - Petrobras from a "buy" rating to a "hold" rating in a research note on Monday, March 3rd.

Institutional Trading of Petróleo Brasileiro S.A. - Petrobras

Several institutional investors and hedge funds have recently bought and sold shares of PBR. World Investment Advisors LLC acquired a new position in shares of Petróleo Brasileiro S.A. - Petrobras in the 3rd quarter valued at about $243,000. Tidal Investments LLC lifted its position in Petróleo Brasileiro S.A. - Petrobras by 17.2% in the 3rd quarter. Tidal Investments LLC now owns 49,546 shares of the oil and gas exploration company's stock worth $714,000 after buying an additional 7,268 shares in the last quarter. Aprio Wealth Management LLC boosted its stake in shares of Petróleo Brasileiro S.A. - Petrobras by 21.9% during the 4th quarter. Aprio Wealth Management LLC now owns 21,965 shares of the oil and gas exploration company's stock valued at $282,000 after buying an additional 3,952 shares during the period. Salem Investment Counselors Inc. grew its holdings in shares of Petróleo Brasileiro S.A. - Petrobras by 2.5% during the 4th quarter. Salem Investment Counselors Inc. now owns 426,746 shares of the oil and gas exploration company's stock valued at $5,489,000 after acquiring an additional 10,435 shares in the last quarter. Finally, Retireful LLC acquired a new position in shares of Petróleo Brasileiro S.A. - Petrobras in the fourth quarter worth $167,000.

Petróleo Brasileiro S.A. - Petrobras Price Performance

Shares of NYSE PBR traded up $0.08 on Tuesday, hitting $11.50. The company's stock had a trading volume of 15,709,009 shares, compared to its average volume of 17,417,108. The stock has a 50 day moving average of $13.05 and a 200-day moving average of $13.53. The company has a market capitalization of $74.11 billion, a price-to-earnings ratio of 4.49, a price-to-earnings-growth ratio of 0.18 and a beta of 0.94. Petróleo Brasileiro S.A. - Petrobras has a 12-month low of $11.03 and a 12-month high of $17.44. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.94 and a quick ratio of 0.71.

Petróleo Brasileiro S.A. - Petrobras Cuts Dividend

The firm also recently declared a -- dividend, which will be paid on Friday, June 27th. Shareholders of record on Tuesday, April 22nd will be given a $0.2403 dividend. The ex-dividend date is Tuesday, April 22nd. This represents a yield of 19%. Petróleo Brasileiro S.A. - Petrobras's dividend payout ratio (DPR) is 138.79%.

About Petróleo 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.