Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) Given Consensus Recommendation of "Moderate Buy" by Analysts

Shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR - Get Free Report) have been given an average recommendation of "Moderate Buy" by the eight analysts that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $15.4250.

Several research analysts have recently commented on PBR shares. Zacks Research downgraded Petroleo Brasileiro S.A.- Petrobras from a "strong-buy" rating to a "hold" rating in a report on Thursday, September 18th. Wall Street Zen upgraded Petroleo Brasileiro S.A.- Petrobras from a "hold" rating to a "buy" rating in a report on Saturday. UBS Group cut their target price on Petroleo Brasileiro S.A.- Petrobras from $15.80 to $14.40 and set a "buy" rating on the stock in a research note on Friday, August 22nd. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research note on Wednesday, October 8th.

Petroleo Brasileiro S.A.- Petrobras Trading Up 1.9%

NYSE PBR opened at $11.82 on Tuesday. The stock's 50-day simple moving average is $12.45 and its two-hundred day simple moving average is $12.28. Petroleo Brasileiro S.A.- Petrobras has a twelve month low of $11.03 and a twelve month high of $15.10. The company has a quick ratio of 0.47, a current ratio of 0.72 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $76.14 billion, a price-to-earnings ratio of 5.52 and a beta of 0.86.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR - Get Free Report) last released its quarterly earnings data on Friday, August 8th. The oil and gas exploration company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.06). The company had revenue of $21.04 billion during 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%. Research analysts forecast that Petroleo Brasileiro S.A.- Petrobras will post 2.14 EPS for the current fiscal year.

Petroleo Brasileiro S.A.- Petrobras Announces Dividend

The firm also recently announced a special dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, August 25th will be paid a $0.0739 dividend. The ex-dividend date of this dividend is Monday, August 25th. Petroleo Brasileiro S.A.- Petrobras's dividend payout ratio (DPR) is presently 48.13%.

Institutional Trading of Petroleo Brasileiro S.A.- Petrobras

Several large investors have recently modified their holdings of PBR. D Orazio & Associates Inc. bought a new stake in shares of Petroleo Brasileiro S.A.- Petrobras in the first quarter worth about $173,000. Sagespring Wealth Partners LLC bought a new stake in Petroleo Brasileiro S.A.- Petrobras during the 1st quarter valued at approximately $178,000. Inscription Capital LLC bought a new stake in Petroleo Brasileiro S.A.- Petrobras during the 1st quarter valued at approximately $189,000. Lesa Sroufe & Co bought a new stake in Petroleo Brasileiro S.A.- Petrobras during the 1st quarter valued at approximately $4,900,000. Finally, United Advisor Group LLC bought a new stake in Petroleo Brasileiro S.A.- Petrobras during the 1st quarter valued at approximately $148,000.

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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