Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) have been given an average rating of “Moderate Buy” by the eight analysts that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $15.4250.

A number of analysts recently issued reports on PBR shares. Zacks Research lowered Petroleo Brasileiro S.A.- Petrobras from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 18th. Wall Street Zen downgraded Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating in a research report on Sunday. Weiss Ratings restated a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research note on Wednesday, October 8th. Finally, UBS Group lowered their price objective 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.

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

NYSE PBR opened at $11.71 on Tuesday. The stock has a market cap of $75.43 billion, a PE ratio of 5.47 and a beta of 0.86. Petroleo Brasileiro S.A.- Petrobras has a 12 month low of $11.03 and a 12 month high of $15.10. The company’s 50-day moving average price is $12.35 and its 200-day moving average price is $12.20. The company has a current ratio of 0.72, a quick ratio of 0.47 and a debt-to-equity ratio of 0.76.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last announced its quarterly earnings data on Friday, August 8th. The oil and gas exploration company reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.06). The company had revenue of $21.04 billion for the quarter, compared to the consensus estimate of $20.78 billion. Petroleo Brasileiro S.A.- Petrobras had a net margin of 15.99% and a return on equity of 34.11%. Equities research analysts forecast 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 issued a dividend of $0.0739 per share. The ex-dividend date of this dividend is Monday, August 25th. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio (DPR) is presently 48.13%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. D Orazio & Associates Inc. purchased a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the 1st quarter worth $173,000. Sagespring Wealth Partners LLC purchased a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the first quarter valued at about $178,000. Inscription Capital LLC purchased a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the first quarter valued at about $189,000. Lesa Sroufe & Co bought a new stake in shares of Petroleo Brasileiro S.A.- Petrobras in the 1st quarter valued at about $4,900,000. Finally, United Advisor Group LLC purchased a new position in shares of Petroleo Brasileiro S.A.- Petrobras in the 1st quarter worth approximately $148,000.

Petroleo 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 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.