Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) Reaches New 52-Week High - Should You Buy?

Key Points

• Shares of Petroleo Brasileiro S.A. – Petrobras hit a new 52-week high at $18.31 (last $18.30), trading up about 4.7% on volume of ~15.1 million shares.
• Analyst sentiment is mixed but leaning positive — three Buy and three Hold ratings leave a MarketBeat consensus of "Moderate Buy" with a consensus target of $14.97, and recent upgrades/price-target raises from Goldman Sachs, UBS and Wall Street Zen.
• The company announced a special dividend of $0.0658 per share payable March 27, and trades at a market cap of $118.7B with a PE of 6.06 and a debt/equity ratio of 0.73.

Shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR - Get Free Report) reached a new 52-week high on Monday . The stock traded as high as $18.31 and last traded at $18.30, with a volume of 15107472 shares. The stock had previously closed at $17.60.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Wall Street Zen raised Petroleo Brasileiro S.A.- Petrobras from a "hold" rating to a "buy" rating in a research note on Saturday, January 17th. UBS Group raised their target price on shares of Petroleo Brasileiro S.A.- Petrobras from $14.40 to $14.60 and gave the stock a "buy" rating in a report on Wednesday, January 14th. Weiss Ratings reissued a "hold (c-)" rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research report on Monday, December 29th. Finally, The Goldman Sachs Group boosted their price target on shares of Petroleo Brasileiro S.A.- Petrobras from $13.10 to $15.00 and gave the company a "buy" rating in a report on Wednesday, February 11th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Petroleo Brasileiro S.A.- Petrobras currently has an average rating of "Moderate Buy" and a consensus target price of $14.97.

Petroleo Brasileiro S.A.- Petrobras Stock Up 4.7%

The business has a fifty day moving average price of $14.39 and a two-hundred day moving average price of $13.06. The firm has a market cap of $118.71 billion, a PE ratio of 6.06, a P/E/G ratio of 0.31 and a beta of 0.51. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.82 and a quick ratio of 0.57.

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

The business also recently announced a special dividend, which will be paid on Friday, March 27th. Investors of record on Friday, December 26th will be given a dividend of $0.0658 per share. The ex-dividend date is Friday, December 26th. Petroleo Brasileiro S.A.- Petrobras's dividend payout ratio (DPR) is 13.16%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Insigneo Advisory Services LLC increased its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 0.4% during the third quarter. Insigneo Advisory Services LLC now owns 210,974 shares of the oil and gas exploration company's stock worth $2,671,000 after purchasing an additional 780 shares during the period. Truist Financial Corp lifted its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 2.6% in the fourth quarter. Truist Financial Corp now owns 32,726 shares of the oil and gas exploration company's stock worth $388,000 after acquiring an additional 829 shares during the last quarter. Drum Hill Capital LLC boosted its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 0.7% in the 3rd quarter. Drum Hill Capital LLC now owns 132,914 shares of the oil and gas exploration company's stock valued at $1,683,000 after purchasing an additional 866 shares in the last quarter. World Investment Advisors lifted its stake in Petroleo Brasileiro S.A.- Petrobras by 6.7% in the 3rd quarter. World Investment Advisors now owns 15,322 shares of the oil and gas exploration company's stock valued at $194,000 after purchasing an additional 961 shares during the last quarter. Finally, Pekin Hardy Strauss Inc. increased its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 3.2% during the second quarter. Pekin Hardy Strauss Inc. now owns 31,852 shares of the oil and gas exploration company's stock worth $398,000 after buying an additional 1,000 shares in the last quarter.

Petroleo Brasileiro S.A.- Petrobras Company Profile

Petróleo Brasileiro SA – Petrobras is a Brazilian, state-controlled integrated oil and gas company headquartered in Rio de Janeiro. Founded in 1953, Petrobras is principally engaged in the exploration and production of crude oil and natural gas, and operates across the full value chain from upstream activities through refining, transportation and downstream marketing of petroleum products. The company is a major player in Brazil's energy sector and is a listed public company with global capital market presence.

Petrobras's core activities include deepwater and ultra-deepwater exploration and production, where it has been a pioneer in developing pre-salt reserves off Brazil's coast.

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