Brokerages Set Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Target Price at $16.86

Shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) have earned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $17.33.

A number of equities research analysts recently weighed in on the company. Bank of America raised Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to a “buy” rating and raised their price target for the company from $16.80 to $17.90 in a report on Thursday, June 27th. Jefferies Financial Group lowered Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating and lowered their target price for the company from $21.20 to $17.70 in a research note on Wednesday, May 15th.

Institutional Investors Weigh In On Petróleo Brasileiro S.A. – Petrobras

A number of institutional investors and hedge funds have recently made changes to their positions in PBR. Quantbot Technologies LP boosted its holdings in Petróleo Brasileiro S.A. – Petrobras by 35.1% in the second quarter. Quantbot Technologies LP now owns 246,178 shares of the oil and gas exploration company’s stock valued at $3,567,000 after acquiring an additional 63,910 shares during the last quarter. Poehling Capital Management INC. grew its position in shares of Petróleo Brasileiro S.A. – Petrobras by 8.0% during the 2nd quarter. Poehling Capital Management INC. now owns 173,665 shares of the oil and gas exploration company’s stock worth $2,516,000 after buying an additional 12,799 shares during the period. Retirement Planning Co of New England Inc. grew its position in shares of Petróleo Brasileiro S.A. – Petrobras by 6.5% during the 2nd quarter. Retirement Planning Co of New England Inc. now owns 23,023 shares of the oil and gas exploration company’s stock worth $334,000 after buying an additional 1,410 shares during the period. D Orazio & Associates Inc. raised its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 9.7% during the second quarter. D Orazio & Associates Inc. now owns 15,803 shares of the oil and gas exploration company’s stock worth $229,000 after buying an additional 1,396 shares during the last quarter. Finally, Choreo LLC acquired a new position in Petróleo Brasileiro S.A. – Petrobras in the second quarter valued at approximately $198,000.

Petróleo Brasileiro S.A. – Petrobras Trading Up 0.2 %

PBR opened at $14.21 on Monday. The company has a quick ratio of 0.81, a current ratio of 1.08 and a debt-to-equity ratio of 0.60. The firm’s 50-day simple moving average is $14.47 and its 200-day simple moving average is $15.58. Petróleo Brasileiro S.A. – Petrobras has a twelve month low of $12.90 and a twelve month high of $17.91.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) last issued its quarterly earnings data on Monday, May 13th. The oil and gas exploration company reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.09). The firm had revenue of $23.77 billion for the quarter, compared to the consensus estimate of $24.63 billion. Petróleo Brasileiro S.A. – Petrobras had a return on equity of 31.07% and a net margin of 22.46%. During the same period in the prior year, the company posted $1.11 earnings per share. As a group, sell-side analysts forecast that Petróleo Brasileiro S.A. – Petrobras will post 3.36 EPS for the current fiscal year.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The company also recently disclosed a Variable dividend, which will be paid on Friday, September 27th. Shareholders of record on Thursday, June 13th will be given a $0.0288 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a yield of 16%. Petróleo Brasileiro S.A. – Petrobras’s payout ratio is 26.45%.

Petróleo 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 Exploration and Production; Refining, Transportation and Marketing; and Gas and Power. It also engages in prospecting, drilling, refining, processing, trading, and transporting crude oil from producing onshore and offshore oil fields, and shale or other rocks, as well as oil products, natural gas, and other liquid hydrocarbons.