Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Reaches New 1-Year Low – Should You Sell?

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)’s stock price reached a new 52-week low during trading on Tuesday . The company traded as low as $12.54 and last traded at $12.58, with a volume of 3260960 shares traded. The stock had previously closed at $12.78.

Analyst Ratings Changes

Several equities analysts have commented on PBR shares. HSBC upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Wednesday, March 5th. The Goldman Sachs Group lifted their price target on Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. StockNews.com downgraded Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd. Finally, Hsbc Global Res raised Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Petróleo Brasileiro S.A. – Petrobras presently has an average rating of “Moderate Buy” and an average target price of $17.81.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

The firm has a market cap of $81.40 billion, a PE ratio of 4.93, a price-to-earnings-growth ratio of 0.18 and a beta of 1.39. The business has a 50 day simple moving average of $13.74 and a two-hundred day simple moving average of $14.06. The company has a quick ratio of 0.71, a current ratio of 0.94 and a debt-to-equity ratio of 0.65.

Institutional Trading of Petróleo Brasileiro S.A. – Petrobras

Several institutional investors and hedge funds have recently modified their holdings of PBR. GQG Partners LLC grew its stake in Petróleo Brasileiro S.A. – Petrobras by 2.6% in the fourth quarter. GQG Partners LLC now owns 237,236,034 shares of the oil and gas exploration company’s stock worth $3,050,855,000 after purchasing an additional 6,016,560 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 16.4% in the 4th quarter. Lazard Asset Management LLC now owns 21,755,839 shares of the oil and gas exploration company’s stock worth $279,779,000 after buying an additional 3,072,312 shares during the period. Fisher Asset Management LLC grew its position in shares of Petróleo Brasileiro S.A. – Petrobras by 0.4% during the 4th quarter. Fisher Asset Management LLC now owns 15,887,984 shares of the oil and gas exploration company’s stock worth $204,319,000 after buying an additional 68,337 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Petróleo Brasileiro S.A. – Petrobras during the third quarter valued at $141,372,000. Finally, Perpetual Ltd raised its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 5.2% in the fourth quarter. Perpetual Ltd now owns 3,315,957 shares of the oil and gas exploration company’s stock valued at $42,643,000 after acquiring an additional 163,668 shares in the last quarter.

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.