Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) Downgraded by Wall Street Zen to Hold

Wall Street Zen cut shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) from a buy rating to a hold rating in a research report released on Sunday.

A number of other analysts have also issued reports on PBR. UBS Group lowered their target price on shares of Petroleo Brasileiro S.A.- Petrobras from $15.80 to $14.40 and set a “buy” rating for the company in a research note on Friday, August 22nd. Zacks Research lowered shares of Petroleo Brasileiro S.A.- Petrobras from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 18th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $15.43.

Petroleo Brasileiro S.A.- Petrobras Stock Up 0.6%

NYSE PBR opened at $11.64 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.72 and a debt-to-equity ratio of 0.76. The company has a fifty day moving average of $12.36 and a two-hundred day moving average of $12.21. The firm has a market capitalization of $74.98 billion, a price-to-earnings ratio of 5.44 and a beta of 0.86. Petroleo Brasileiro S.A.- Petrobras has a 52 week low of $11.03 and a 52 week high of $15.10.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last posted 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 analysts’ expectations of $20.78 billion. Petroleo Brasileiro S.A.- Petrobras had a return on equity of 34.11% and a net margin of 15.99%. On average, analysts predict that Petroleo Brasileiro S.A.- Petrobras will post 2.14 earnings per share for the current year.

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, August 25th will be paid a $0.0739 dividend. The ex-dividend date of this dividend is Monday, August 25th. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio is 48.13%.

Institutional Trading of Petroleo Brasileiro S.A.- Petrobras

Hedge funds have recently added to or reduced their stakes in the business. Financial Gravity Companies Inc. purchased a new stake in Petroleo Brasileiro S.A.- Petrobras in the second quarter worth about $26,000. Financial Gravity Asset Management Inc. purchased a new stake in Petroleo Brasileiro S.A.- Petrobras in the first quarter worth about $29,000. Wayfinding Financial LLC purchased a new stake in Petroleo Brasileiro S.A.- Petrobras in the first quarter worth about $32,000. Wealth Preservation Advisors LLC purchased a new stake in Petroleo Brasileiro S.A.- Petrobras in the first quarter worth about $34,000. Finally, Geneos Wealth Management Inc. lifted its stake in Petroleo Brasileiro S.A.- Petrobras by 74.9% in the second 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 during the period.

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.