Analysts Set Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) PT at $17.40

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR - Get Free Report) has received a consensus recommendation of "Buy" from the eight analysts that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $17.40.

Several equities research analysts recently commented on the company. Jefferies Financial Group raised Petroleo Brasileiro S.A.- Petrobras from a "hold" rating to a "buy" rating and set a $15.30 price objective on the stock in a research report on Thursday, May 15th. Wall Street Zen raised Petroleo Brasileiro S.A.- Petrobras from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Finally, Bank of America cut Petroleo Brasileiro S.A.- Petrobras from a "buy" rating to a "neutral" rating in a research report on Monday, June 9th.

Petroleo Brasileiro S.A.- Petrobras Stock Down 2.0%

Shares of NYSE PBR traded down $0.26 during trading on Friday, reaching $12.87. The company had a trading volume of 18,171,175 shares, compared to its average volume of 18,204,367. Petroleo Brasileiro S.A.- Petrobras has a 12-month low of $11.03 and a 12-month high of $15.73. The stock has a market cap of $82.94 billion, a PE ratio of 9.60 and a beta of 0.85. The business's 50-day moving average is $12.12 and its 200 day moving average is $12.86. The company has a quick ratio of 0.47, a current ratio of 0.72 and a debt-to-equity ratio of 0.76.

Petroleo Brasileiro S.A.- Petrobras Increases Dividend

The company also recently announced a -- dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Wednesday, June 4th will be given a $0.2806 dividend. This represents a yield of 17.6%. This is a boost from Petroleo Brasileiro S.A.- Petrobras's previous -- dividend of $0.24. The ex-dividend date is Wednesday, June 4th. Petroleo Brasileiro S.A.- Petrobras's dividend payout ratio (DPR) is presently 73.88%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Ethos Financial Group LLC bought a new position in shares of Petroleo Brasileiro S.A.- Petrobras in the fourth quarter worth about $25,000. Financial Gravity Asset Management Inc. bought a new stake in Petroleo Brasileiro S.A.- Petrobras during the 1st quarter valued at approximately $29,000. Wayfinding Financial LLC bought a new stake in Petroleo Brasileiro S.A.- Petrobras during the 1st quarter valued at approximately $32,000. Wealth Preservation Advisors LLC bought a new stake in Petroleo Brasileiro S.A.- Petrobras during the 1st quarter valued at approximately $34,000. Finally, Redwood Park Advisors LLC raised its stake in Petroleo Brasileiro S.A.- Petrobras by 95.6% during the 1st quarter. Redwood Park Advisors LLC now owns 3,703 shares of the oil and gas exploration company's stock valued at $53,000 after purchasing an additional 1,810 shares during the period.

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.