Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) Stock Rating Lowered by Wall Street Zen

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) was downgraded by equities research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Sunday, Wall Street Zen reports.

A number of other equities research analysts also recently weighed in on PBR. Zacks Research raised shares of Petroleo Brasileiro S.A.- Petrobras from a “strong sell” rating to a “hold” rating in a research note on Monday, August 31st. Weiss Ratings raised shares of Petroleo Brasileiro S.A.- Petrobras from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday. UBS Group raised their price objective on shares of Petroleo Brasileiro S.A.- Petrobras from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, September 23rd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Petroleo Brasileiro S.A.- Petrobras from $23.00 to $24.00 and gave the stock an “overweight” rating in a report on Tuesday, September 1st. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.97.

Petroleo Brasileiro S.A.- Petrobras Stock Up 0.5%

Shares of NYSE PBR opened at $25.43 on Friday. The firm has a market capitalization of $163.91 billion, a PE ratio of 6.42, a price-to-earnings-growth ratio of 0.99 and a beta of 0.29. The company has a current ratio of 0.85, a quick ratio of 0.58 and a debt-to-equity ratio of 0.64. Petroleo Brasileiro S.A.- Petrobras has a 1 year low of $11.43 and a 1 year high of $25.80. The firm’s 50-day moving average is $20.29 and its 200-day moving average is $19.50.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Inspire Investing LLC raised its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 8.8% in the 1st quarter. Inspire Investing LLC now owns 7,062 shares of the oil and gas exploration company’s stock valued at $147,000 after purchasing an additional 574 shares during the period. Checchi Capital Advisers LLC lifted its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 3.0% in the first quarter. Checchi Capital Advisers LLC now owns 24,130 shares of the oil and gas exploration company’s stock valued at $501,000 after purchasing an additional 696 shares in the last quarter. Drum Hill Capital LLC boosted its position in shares of Petroleo Brasileiro S.A.- Petrobras by 0.5% during the first quarter. Drum Hill Capital LLC now owns 132,360 shares of the oil and gas exploration company’s stock worth $2,746,000 after buying an additional 714 shares during the period. Ascent Group LLC boosted its position in shares of Petroleo Brasileiro S.A.- Petrobras by 5.9% during the second quarter. Ascent Group LLC now owns 15,689 shares of the oil and gas exploration company’s stock worth $254,000 after buying an additional 868 shares during the period. Finally, McIlrath & Eck LLC boosted its position in shares of Petroleo Brasileiro S.A.- Petrobras by 8.7% during the first quarter. McIlrath & Eck LLC now owns 12,267 shares of the oil and gas exploration company’s stock worth $255,000 after buying an additional 980 shares during the period.

About Petroleo Brasileiro S.A.- Petrobras

Petróleo Brasileiro SA, commonly known as Petrobras, is a Brazilian state-controlled, integrated energy company headquartered in Rio de Janeiro. Founded in 1953, the company is engaged primarily in the exploration, development, production, refining, transportation and marketing of oil and natural gas.

Petrobras has a major focus on offshore operations, particularly the development of Brazil’s pre-salt oil fields in the Santos and Campos basins. Its activities also include the processing and sale of petroleum products, natural gas and biofuels, as well as participation in power generation and other energy-related businesses.

The company serves the Brazilian market through its production, refining, logistics and distribution activities and has historically maintained international operations and partnerships.