Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) Shares Gap Down - What's Next?

Shares of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $11.61, but opened at $11.37. Petróleo Brasileiro S.A. - Petrobras shares last traded at $11.43, with a volume of 7,619,593 shares trading hands.

Analyst Upgrades and Downgrades

PBR has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th. HSBC upgraded Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "buy" rating and set a $15.00 target price on the stock in a report on Wednesday, March 5th. Jefferies Financial Group upgraded Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "buy" rating and set a $15.30 price target for the company in a research note on Thursday, May 15th. Finally, Hsbc Global Res upgraded Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. Eight analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Petróleo Brasileiro S.A. - Petrobras has an average rating of "Buy" and an average target price of $17.47.

Petróleo Brasileiro S.A. - Petrobras Trading Up 1.4%

The company has a debt-to-equity ratio of 0.65, a current ratio of 0.94 and a quick ratio of 0.71. The company has a market capitalization of $72.95 billion, a price-to-earnings ratio of 4.42, a P/E/G ratio of 0.18 and a beta of 0.84. The business's 50-day moving average price is $11.83 and its two-hundred day moving average price is $13.11.

Petróleo Brasileiro S.A. - Petrobras Increases Dividend

The company also recently disclosed a -- dividend, which will be paid on Wednesday, August 27th. Investors of record on Wednesday, June 4th will be given a dividend of $0.2806 per share. This is a boost from Petróleo Brasileiro S.A. - Petrobras's previous -- dividend of $0.24. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a yield of 17.6%. Petróleo Brasileiro S.A. - Petrobras's dividend payout ratio is currently 86.57%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of PBR. Ethos Financial Group LLC bought a new position in shares of Petróleo Brasileiro S.A. - Petrobras during the fourth quarter worth about $25,000. Financial Gravity Asset Management Inc. acquired a new position in shares of Petróleo Brasileiro S.A. - Petrobras in the 1st quarter worth approximately $29,000. Wayfinding Financial LLC bought a new stake in shares of Petróleo Brasileiro S.A. - Petrobras in the 1st quarter valued at $32,000. Wealth Preservation Advisors LLC acquired a new stake in shares of Petróleo Brasileiro S.A. - Petrobras during the first quarter worth $34,000. Finally, Tandem Financial LLC bought a new position in Petróleo Brasileiro S.A. - Petrobras during the fourth quarter worth $39,000.

Petróleo Brasileiro S.A. - Petrobras Company Profile

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.