Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Given Consensus Rating of “Hold” by Analysts

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) has been given a consensus recommendation of “Hold” by the ten analysts that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $12.29.

Several analysts have recently weighed in on PBR shares. Credit Suisse Group upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to an “outperform” rating and set a $14.00 price objective on the stock in a research report on Thursday, August 5th. JPMorgan Chase & Co. upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $11.00 to $13.00 in a research report on Friday, May 28th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Petróleo Brasileiro S.A. – Petrobras from a “strong-buy” rating to a “hold” rating and set a $11.00 price objective on the stock. in a research report on Monday, August 23rd. Finally, Scotiabank upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the company from $15.50 to $16.00 in a research report on Thursday, August 5th.

A number of large investors have recently modified their holdings of PBR. GQG Partners LLC purchased a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the second quarter valued at about $1,698,957,000. TT International Asset Management LTD increased its position in shares of Petróleo Brasileiro S.A. – Petrobras by 1,187.3% in the second quarter. TT International Asset Management LTD now owns 15,094,946 shares of the oil and gas exploration company’s stock valued at $184,611,000 after acquiring an additional 13,922,353 shares during the period. Contrarian Capital Management L.L.C. increased its position in shares of Petróleo Brasileiro S.A. – Petrobras by 11,477.4% in the first quarter. Contrarian Capital Management L.L.C. now owns 5,866,949 shares of the oil and gas exploration company’s stock valued at $49,752,000 after acquiring an additional 5,816,273 shares during the period. Pendal Group Limited increased its position in shares of Petróleo Brasileiro S.A. – Petrobras by 52.2% in the first quarter. Pendal Group Limited now owns 13,577,790 shares of the oil and gas exploration company’s stock valued at $115,140,000 after acquiring an additional 4,658,919 shares during the period. Finally, Canada Pension Plan Investment Board increased its position in shares of Petróleo Brasileiro S.A. – Petrobras by 90.8% in the second quarter. Canada Pension Plan Investment Board now owns 7,439,100 shares of the oil and gas exploration company’s stock valued at $90,980,000 after acquiring an additional 3,539,200 shares during the period. Institutional investors own 10.73% of the company’s stock.

NYSE:PBR traded down $0.47 during trading hours on Friday, hitting $9.71. The stock had a trading volume of 33,460,426 shares, compared to its average volume of 34,119,426. The company has a 50 day simple moving average of $10.69 and a two-hundred day simple moving average of $9.89. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.31 and a quick ratio of 1.00. Petróleo Brasileiro S.A. – Petrobras has a one year low of $6.15 and a one year high of $12.38. The firm has a market capitalization of $63.33 billion, a price-to-earnings ratio of 3.31, a P/E/G ratio of 0.21 and a beta of 1.75.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) last announced its quarterly earnings results on Wednesday, August 4th. The oil and gas exploration company reported $1.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.26. Petróleo Brasileiro S.A. – Petrobras had a net margin of 30.71% and a return on equity of 23.98%. The firm had revenue of $20.98 billion during the quarter, compared to the consensus estimate of $19.17 billion. Equities research analysts anticipate that Petróleo Brasileiro S.A. – Petrobras will post 2.33 earnings per share for the current year.

The firm also recently announced an annual dividend, which was paid on Wednesday, September 1st. Investors of record on Wednesday, August 18th were given a $0.616 dividend. This represents a yield of 5.52%. The ex-dividend date was Tuesday, August 17th. This is a boost from Petróleo Brasileiro S.A. – Petrobras’s previous annual dividend of $0.04. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio (DPR) is presently 141.86%.

Petróleo Brasileiro S.A. – Petrobras Company Profile

Petróleo Brasileiro SA engages in oil and gas exploration, production, and distribution activities. It operates through the following segments: Exploration and Production; Refining, Transportation, and Marketing; Gas and Power; and Corporate and Other Business. The Exploration and Production segment involves crude oil, natural gas liquids, and natural gas exploration, development, and production.

Further Reading: Average Daily Trade Volume Explained

Analyst Recommendations for Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR)

Receive News & Ratings for Petróleo Brasileiro S.A. - Petrobras Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Petróleo Brasileiro S.A. - Petrobras and related companies with MarketBeat.com's FREE daily email newsletter.