Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) Earns Hold (C-) Rating from Weiss Ratings

Key Points

• Petroleo Brasileiro S.A.- Petrobras has received a "hold (C-)" rating from Weiss Ratings, indicating cautious sentiment among analysts regarding the stock's future performance.
• UBS Group has revised its price target for Petrobras downward from $15.80 to $14.40 while maintaining a "buy" rating, reflecting a mixed outlook from financial analysts.
• Despite a revenue of $21.04 billion in its latest quarterly earnings report, Petrobras missed earnings per share expectations by $0.06, indicating potential concerns over profitability.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR - Get Free Report)'s stock had its "hold (c-)" rating reiterated by Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Other equities analysts also recently issued reports about the company. UBS Group lowered their price target on Petroleo Brasileiro S.A.- Petrobras from $15.80 to $14.40 and set a "buy" rating for the company in a report on Friday, August 22nd. Zacks Research downgraded Petroleo Brasileiro S.A.- Petrobras from a "strong-buy" rating to a "hold" rating in a report on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Petroleo Brasileiro S.A.- Petrobras presently has a consensus rating of "Moderate Buy" and a consensus price target of $15.43.

Petroleo Brasileiro S.A.- Petrobras Price Performance

Shares of NYSE PBR opened at $12.21 on Wednesday. The stock's 50-day moving average is $12.51 and its two-hundred day moving average is $12.36. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.72 and a quick ratio of 0.47. Petroleo Brasileiro S.A.- Petrobras has a 1-year low of $11.03 and a 1-year high of $15.10. The company has a market cap of $78.69 billion, a price-to-earnings ratio of 5.71 and a beta of 0.86.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR - Get Free Report) last issued its quarterly earnings results on Friday, August 8th. The oil and gas exploration company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.06). The company had revenue of $21.04 billion for the quarter, compared to analysts' expectations of $20.78 billion. Petroleo Brasileiro S.A.- Petrobras had a return on equity of 34.11% and a net margin of 15.99%. Analysts forecast that Petroleo Brasileiro S.A.- Petrobras will post 2.14 EPS for the current fiscal year.

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

Large investors have recently modified their holdings of the business. Financial Gravity Companies Inc. purchased a new position in shares of Petroleo Brasileiro S.A.- Petrobras during the 2nd quarter worth approximately $26,000. Financial Gravity Asset Management Inc. purchased a new position in shares of Petroleo Brasileiro S.A.- Petrobras during the 1st quarter worth approximately $29,000. Wayfinding Financial LLC purchased a new position in shares of Petroleo Brasileiro S.A.- Petrobras during the 1st quarter worth approximately $32,000. Wealth Preservation Advisors LLC purchased a new position in shares of Petroleo Brasileiro S.A.- Petrobras during the 1st quarter worth approximately $34,000. Finally, Geneos Wealth Management Inc. raised its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 74.9% during the 2nd quarter. Geneos Wealth Management Inc. now owns 2,438 shares of the oil and gas exploration company's stock worth $30,000 after buying an additional 1,044 shares in the last quarter.

Petroleo 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.

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