Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Given Consensus Rating of “Moderate Buy” by Brokerages

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) has received an average recommendation of “Moderate Buy” from the eight analysts that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $18.24.

A number of research analysts recently commented on PBR shares. The Goldman Sachs Group increased their target price on shares of Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. HSBC cut Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research report on Monday, October 21st. Finally, Hsbc Global Res cut Petróleo Brasileiro S.A. – Petrobras from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 21st.

Institutional Trading of Petróleo Brasileiro S.A. – Petrobras

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. ORG Partners LLC grew its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 396.0% in the 3rd quarter. ORG Partners LLC now owns 2,103 shares of the oil and gas exploration company’s stock valued at $30,000 after purchasing an additional 1,679 shares during the last quarter. Bogart Wealth LLC lifted its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 571.4% during the third quarter. Bogart Wealth LLC now owns 2,350 shares of the oil and gas exploration company’s stock worth $34,000 after purchasing an additional 2,000 shares during the period. Rosenberg Matthew Hamilton grew its position in Petróleo Brasileiro S.A. – Petrobras by 65.4% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 2,391 shares of the oil and gas exploration company’s stock valued at $34,000 after buying an additional 945 shares during the last quarter. Tandem Financial LLC acquired a new position in Petróleo Brasileiro S.A. – Petrobras in the 4th quarter valued at $39,000. Finally, Ameliora Wealth Management Ltd. purchased a new position in Petróleo Brasileiro S.A. – Petrobras during the 4th quarter worth $51,000.

Petróleo Brasileiro S.A. – Petrobras Price Performance

PBR stock opened at $14.23 on Monday. The business has a 50 day moving average price of $13.66 and a 200 day moving average price of $14.17. The company has a quick ratio of 0.71, a current ratio of 0.94 and a debt-to-equity ratio of 0.65. The stock has a market cap of $92.04 billion, a price-to-earnings ratio of 5.56, a PEG ratio of 0.17 and a beta of 1.41. Petróleo Brasileiro S.A. – Petrobras has a fifty-two week low of $12.55 and a fifty-two week high of $17.91.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The business also recently declared a — dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were issued a dividend of $0.5338 per share. This represents a dividend yield of 18.8%. The ex-dividend date of this dividend was Friday, December 13th. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio is currently 58.20%.

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.