Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Cut to Hold at StockNews.com

StockNews.com downgraded shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) from a buy rating to a hold rating in a research note published on Monday morning.

Separately, The Goldman Sachs Group boosted their target price on shares of Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.81.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

Shares of NYSE:PBR opened at $12.95 on Monday. The business has a fifty day moving average of $13.74 and a 200-day moving average of $14.11. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.94. Petróleo Brasileiro S.A. – Petrobras has a twelve month low of $12.55 and a twelve month high of $17.44. The firm has a market cap of $83.42 billion, a PE ratio of 5.06, a price-to-earnings-growth ratio of 0.18 and a beta of 1.39.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PBR. Ethos Financial Group LLC bought a new stake in shares of Petróleo Brasileiro S.A. – Petrobras during the fourth quarter worth approximately $25,000. Tandem Financial LLC bought a new stake in shares of Petróleo Brasileiro S.A. – Petrobras during the 4th quarter valued at $39,000. Whipplewood Advisors LLC acquired a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the 4th quarter valued at $40,000. Ameliora Wealth Management Ltd. bought a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the 4th quarter worth $51,000. Finally, Sunbelt Securities Inc. grew its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 497.5% during the third quarter. Sunbelt Securities Inc. now owns 6,005 shares of the oil and gas exploration company’s stock worth $87,000 after purchasing an additional 5,000 shares during the period.

About Petróleo 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.