Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) had its price target raised by stock analysts at The Goldman Sachs Group from $13.10 to $15.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the oil and gas exploration company’s stock. The Goldman Sachs Group’s price target would indicate a potential downside of 5.87% from the company’s previous close.

A number of other research analysts have also issued reports on PBR. Weiss Ratings restated a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research note on Monday, December 29th. UBS Group upped their target price on Petroleo Brasileiro S.A.- Petrobras from $14.40 to $14.60 and gave the company a “buy” rating in a research report on Wednesday, January 14th. Finally, Wall Street Zen raised Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $14.98.

Petroleo Brasileiro S.A.- Petrobras Stock Up 3.9%

NYSE PBR traded up $0.61 during trading on Wednesday, hitting $15.94. The company’s stock had a trading volume of 25,194,180 shares, compared to its average volume of 26,677,363. Petroleo Brasileiro S.A.- Petrobras has a fifty-two week low of $11.03 and a fifty-two week high of $16.03. The company has a market cap of $102.69 billion, a PE ratio of 7.37, a P/E/G ratio of 0.31 and a beta of 0.49. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.82 and a quick ratio of 0.57. The business’s 50 day simple moving average is $12.91 and its 200-day simple moving average is $12.59.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of PBR. Capital International Investors boosted its position in Petroleo Brasileiro S.A.- Petrobras by 51.6% in the 4th quarter. Capital International Investors now owns 30,637,308 shares of the oil and gas exploration company’s stock worth $363,052,000 after purchasing an additional 10,425,563 shares in the last quarter. ARGA Investment Management LP grew its position in Petroleo Brasileiro S.A.- Petrobras by 0.9% during the fourth quarter. ARGA Investment Management LP now owns 18,975,177 shares of the oil and gas exploration company’s stock valued at $224,856,000 after buying an additional 166,472 shares during the period. Mondrian Investment Partners LTD increased its holdings in Petroleo Brasileiro S.A.- Petrobras by 14.1% in the fourth quarter. Mondrian Investment Partners LTD now owns 12,655,094 shares of the oil and gas exploration company’s stock valued at $149,963,000 after buying an additional 1,562,473 shares in the last quarter. Earnest Partners LLC increased its holdings in Petroleo Brasileiro S.A.- Petrobras by 52.0% in the third quarter. Earnest Partners LLC now owns 4,872,441 shares of the oil and gas exploration company’s stock valued at $61,685,000 after buying an additional 1,665,873 shares in the last quarter. Finally, Perpetual Ltd raised its position in shares of Petroleo Brasileiro S.A.- Petrobras by 0.5% in the fourth quarter. Perpetual Ltd now owns 3,313,257 shares of the oil and gas exploration company’s stock worth $39,262,000 after acquiring an additional 18,100 shares during the period.

Petroleo Brasileiro S.A.- Petrobras Company Profile

Petróleo Brasileiro SA – Petrobras is a Brazilian, state-controlled integrated oil and gas company headquartered in Rio de Janeiro. Founded in 1953, Petrobras is principally engaged in the exploration and production of crude oil and natural gas, and operates across the full value chain from upstream activities through refining, transportation and downstream marketing of petroleum products. The company is a major player in Brazil’s energy sector and is a listed public company with global capital market presence.

Petrobras’s core activities include deepwater and ultra-deepwater exploration and production, where it has been a pioneer in developing pre-salt reserves off Brazil’s coast.