Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) Plans -- Dividend of $0.25

Key Points

• Petrobras plans to issue a dividend of $0.25 per share, resulting in a significant dividend yield of 1,750.0%, with payments scheduled for December 1st to stockholders recorded by August 25th.
• The company reported $0.64 earnings per share (EPS) for the last quarter, which fell short of analysts' expectations of $0.70.
• Petrobras' stock has seen a recent downgrade from Bank of America, while other analysts have given it buy ratings, reflecting a mixed outlook with an average target price of $17.40.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR - Get Free Report) announced a -- dividend on Monday, August 11th, Wall Street Journal reports. Investors of record on Monday, August 25th will be paid a dividend of 0.2471 per share by the oil and gas exploration company on Monday, December 1st. This represents a yield of 1,750.0%. The ex-dividend date is Monday, August 25th.

Petroleo Brasileiro S.A.- Petrobras Price Performance

PBR traded down $0.13 during trading on Thursday, reaching $12.09. 15,214,892 shares of the company were exchanged, compared to its average volume of 25,379,858. The company's 50-day moving average is $12.55 and its two-hundred day moving average is $12.71. The company has a market cap of $77.88 billion, a price-to-earnings ratio of 5.65 and a beta of 0.85. 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 has a 12-month low of $11.03 and a 12-month high of $15.73.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR - Get Free Report) last issued its quarterly earnings data on Friday, August 8th. The oil and gas exploration company reported $0.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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%. Research analysts forecast that Petroleo Brasileiro S.A.- Petrobras will post 2.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PBR. Jefferies Financial Group raised Petroleo Brasileiro S.A.- Petrobras from a "hold" rating to a "buy" rating and set a $15.30 price target on the stock in a report on Thursday, May 15th. Bank of America cut Petroleo Brasileiro S.A.- Petrobras from a "buy" rating to a "neutral" rating in a report on Monday, June 9th. Finally, Wall Street Zen raised Petroleo Brasileiro S.A.- Petrobras from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. One research analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $17.40.

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.