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 traded.

Analysts Set New Price Targets

A number of brokerages recently commented on PBR. Jefferies Financial Group raised 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. HSBC upgraded 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 report on Wednesday, March 5th. Wall Street Zen upgraded shares of Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Finally, Hsbc Global Res raised shares of Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. Eight research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Petróleo Brasileiro S.A. - Petrobras currently has an average rating of "Buy" and an average target price of $17.47.

Petróleo Brasileiro S.A. - Petrobras Stock Performance

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 business has a 50-day moving average of $11.96 and a 200-day moving average of $13.14. The company has a market capitalization of $71.73 billion, a P/E ratio of 4.35, a P/E/G ratio of 0.18 and a beta of 0.84.

Petróleo Brasileiro S.A. - Petrobras Increases Dividend

The company also recently announced a -- dividend, which will be paid on Wednesday, August 27th. Stockholders of record on Wednesday, June 4th will be issued a $0.2806 dividend. This represents a dividend yield of 17.6%. The ex-dividend date is Wednesday, June 4th. This is a positive change from Petróleo Brasileiro S.A. - Petrobras's previous -- dividend of $0.24. Petróleo Brasileiro S.A. - Petrobras's dividend payout ratio (DPR) is 86.57%.

Hedge Funds Weigh In On Petróleo Brasileiro S.A. - Petrobras

A number of large investors have recently made changes to their positions in the company. Ethos Financial Group LLC bought a new stake in Petróleo Brasileiro S.A. - Petrobras in the fourth quarter worth about $25,000. Financial Gravity Asset Management Inc. bought a new position in shares of Petróleo Brasileiro S.A. - Petrobras during the first quarter valued at approximately $29,000. Wayfinding Financial LLC purchased a new stake in shares of Petróleo Brasileiro S.A. - Petrobras in the first quarter worth approximately $32,000. Wealth Preservation Advisors LLC bought a new stake in shares of Petróleo Brasileiro S.A. - Petrobras during the 1st quarter worth approximately $34,000. Finally, Tandem Financial LLC bought a new stake in shares of Petróleo Brasileiro S.A. - Petrobras during the 4th quarter worth approximately $39,000.

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.