Wall Street Zen Upgrades Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) to Buy

Key Points

• Wall Street Zen has upgraded Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) from a "hold" rating to a "buy" rating, signaling increased investor confidence.
• UBS Group has reduced its target price for Petrobras from $15.80 to $14.40, while maintaining a "buy" rating, amidst mixed sentiments from other analysts.
• Petrobras reported revenue of $21.04 billion for its last quarter, slightly exceeding estimates, but its earnings per share were $0.64, missing the expected $0.70.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a note issued to investors on Saturday.

PBR has been the subject of several other reports. UBS Group dropped their target price on Petroleo Brasileiro S.A.- Petrobras from $15.80 to $14.40 and set a "buy" rating for the company in a report on Friday, August 22nd. Weiss Ratings restated a "hold (c-)" rating on shares of Petroleo Brasileiro S.A.- Petrobras in a report on Wednesday. Finally, Zacks Research cut Petroleo Brasileiro S.A.- Petrobras from a "strong-buy" rating to a "hold" rating in a report on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Petroleo Brasileiro S.A.- Petrobras has a consensus rating of "Moderate Buy" and a consensus target price of $15.43.

Petroleo Brasileiro S.A.- Petrobras Price Performance

Shares of Petroleo Brasileiro S.A.- Petrobras stock opened at $11.61 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.47 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $74.79 billion, a PE ratio of 5.42 and a beta of 0.86. The business's 50-day moving average price is $12.47 and its 200-day moving average price is $12.33. Petroleo Brasileiro S.A.- Petrobras has a 12 month low of $11.03 and a 12 month high of $15.10.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR - Get Free Report) last announced 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 firm had revenue of $21.04 billion for the quarter, compared to the consensus estimate of $20.78 billion. Petroleo Brasileiro S.A.- Petrobras had a net margin of 15.99% and a return on equity of 34.11%. Sell-side analysts forecast that Petroleo Brasileiro S.A.- Petrobras will post 2.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Financial Gravity Companies Inc. bought a new position in shares of Petroleo Brasileiro S.A.- Petrobras in the 2nd quarter worth approximately $26,000. Financial Gravity Asset Management Inc. bought a new position in shares of Petroleo Brasileiro S.A.- Petrobras in the 1st quarter worth approximately $29,000. Geneos Wealth Management Inc. raised its position in shares of Petroleo Brasileiro S.A.- Petrobras by 74.9% in the 2nd quarter. Geneos Wealth Management Inc. now owns 2,438 shares of the oil and gas exploration company's stock worth $30,000 after acquiring an additional 1,044 shares in the last quarter. Chung Wu Investment Group LLC bought a new position in shares of Petroleo Brasileiro S.A.- Petrobras in the 2nd quarter worth approximately $31,000. Finally, Wayfinding Financial LLC bought a new position in Petroleo Brasileiro S.A.- Petrobras during the 1st quarter valued at approximately $32,000.

About Petroleo Brasileiro S.A.- Petrobras

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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