Shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR - Get Free Report) have been assigned an average rating of "Buy" from the eight ratings firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $16.14.
A number of equities analysts have recently issued reports on the stock. UBS Group dropped their price objective on shares of 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. Wall Street Zen raised shares of Petroleo Brasileiro S.A.- Petrobras from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Jefferies Financial Group raised shares of Petroleo Brasileiro S.A.- Petrobras from a "hold" rating to a "buy" rating and set a $15.30 target price for the company in a research report on Thursday, May 15th. Bank of America cut shares of Petroleo Brasileiro S.A.- Petrobras from a "buy" rating to a "neutral" rating in a research report on Monday, June 9th. Finally, Zacks Research raised shares of Petroleo Brasileiro S.A.- Petrobras from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 20th.
View Our Latest Research Report on Petroleo Brasileiro S.A.- Petrobras
Petroleo Brasileiro S.A.- Petrobras Trading Up 0.4%
Petroleo Brasileiro S.A.- Petrobras stock traded up $0.05 during midday trading on Monday, reaching $12.41. The stock had a trading volume of 19,647,320 shares, compared to its average volume of 22,619,596. 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 52-week low of $11.03 and a 52-week high of $15.50. The firm has a market cap of $79.94 billion, a price-to-earnings ratio of 5.80 and a beta of 0.85. The company has a fifty day moving average of $12.50 and a 200 day moving average of $12.57.
Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR - Get Free Report) last issued its earnings results on Friday, August 8th. The oil and gas exploration company reported $0.64 EPS for the quarter, missing analysts' consensus estimates of $0.70 by ($0.06). Petroleo Brasileiro S.A.- Petrobras had a return on equity of 34.11% and a net margin of 15.99%.The company had revenue of $21.04 billion during the quarter, compared to the consensus estimate of $20.78 billion. On average, analysts anticipate that Petroleo Brasileiro S.A.- Petrobras will post 2.14 earnings per share for the current fiscal year.
Petroleo Brasileiro S.A.- Petrobras Announces Dividend
The business also recently declared a special dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, August 25th will be issued 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 currently 48.13%.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. Financial Gravity Companies Inc. acquired a new stake in Petroleo Brasileiro S.A.- Petrobras during the second quarter valued at $26,000. Financial Gravity Asset Management Inc. acquired a new stake in Petroleo Brasileiro S.A.- Petrobras during the first quarter valued at $29,000. Wayfinding Financial LLC acquired a new stake in Petroleo Brasileiro S.A.- Petrobras during the first quarter valued at $32,000. Wealth Preservation Advisors LLC acquired a new stake in Petroleo Brasileiro S.A.- Petrobras during the first quarter valued at $34,000. Finally, Geneos Wealth Management Inc. grew its position in Petroleo Brasileiro S.A.- Petrobras by 74.9% during the second quarter. Geneos Wealth Management Inc. now owns 2,438 shares of the oil and gas exploration company's stock valued at $30,000 after buying an additional 1,044 shares during the period.
About Petroleo Brasileiro S.A.- Petrobras
(
Get Free Report)
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.
Further Reading
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