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

Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Get Free Report)'s stock price gapped down prior to trading on Monday . The stock had previously closed at $11.32, but opened at $11.07. Petróleo Brasileiro S.A. - Petrobras shares last traded at $11.13, with a volume of 4,777,031 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages have recently commented on PBR. Bank of America downgraded shares of Petróleo Brasileiro S.A. - Petrobras from a "buy" rating to a "neutral" rating in a research note on Monday. HSBC upgraded shares of 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 research note on Wednesday, March 5th. Hsbc Global Res upgraded shares of Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. Jefferies Financial Group upgraded shares of Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "buy" rating and set a $15.30 price target on the stock in a research report on Thursday, May 15th. Finally, 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. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Petróleo Brasileiro S.A. - Petrobras presently has a consensus rating of "Buy" and a consensus target price of $17.47.

Petróleo Brasileiro S.A. - Petrobras Trading Up 2.8%

The company's 50-day moving average is $11.64 and its 200-day moving average is $13.03. The firm has a market cap of $79.97 billion, a price-to-earnings ratio of 4.85, a P/E/G ratio of 0.18 and a beta of 0.84. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.94.

Petróleo Brasileiro S.A. - Petrobras Increases Dividend

The firm also recently announced a -- dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Wednesday, June 4th will be given a dividend of $0.2806 per share. The ex-dividend date is Wednesday, June 4th. This is an increase from Petróleo Brasileiro S.A. - Petrobras's previous -- dividend of $0.24. This represents a yield of 17.6%. Petróleo Brasileiro S.A. - Petrobras's dividend payout ratio is presently 86.57%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Ethos Financial Group LLC acquired a new position in Petróleo Brasileiro S.A. - Petrobras during the 4th quarter valued at about $25,000. Financial Gravity Asset Management Inc. acquired a new position in Petróleo Brasileiro S.A. - Petrobras during the 1st quarter valued at about $29,000. Wayfinding Financial LLC acquired a new position in Petróleo Brasileiro S.A. - Petrobras during the 1st quarter valued at about $32,000. Wealth Preservation Advisors LLC acquired a new position in Petróleo Brasileiro S.A. - Petrobras during the 1st quarter valued at about $34,000. Finally, Whipplewood Advisors LLC acquired a new position in Petróleo Brasileiro S.A. - Petrobras during the 4th quarter valued at about $40,000.

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.