Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) Sets New 52-Week High – Should You Buy?

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) reached a new 52-week high on Monday . The stock traded as high as $17.17 and last traded at $17.2160, with a volume of 10099967 shares trading hands. The stock had previously closed at $16.63.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Wall Street Zen upgraded Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a report on Monday, December 29th. The Goldman Sachs Group lifted their target price on shares of Petroleo Brasileiro S.A.- Petrobras from $13.10 to $15.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Finally, UBS Group boosted their target price on shares of Petroleo Brasileiro S.A.- Petrobras from $14.40 to $14.60 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Petroleo Brasileiro S.A.- Petrobras has an average rating of “Moderate Buy” and a consensus price target of $14.98.

Petroleo Brasileiro S.A.- Petrobras Stock Performance

The firm’s fifty day moving average price is $13.86 and its 200-day moving average price is $12.89. The company has a market cap of $109.83 billion, a P/E ratio of 7.89, a P/E/G ratio of 0.29 and a beta of 0.51. The company has a current ratio of 0.82, a quick ratio of 0.57 and a debt-to-equity ratio of 0.73.

Petroleo Brasileiro S.A.- Petrobras Announces Dividend

The company also recently disclosed a special dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, December 26th will be given a $0.0658 dividend. The ex-dividend date is Friday, December 26th. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio (DPR) is currently 18.52%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 55.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,852 shares of the oil and gas exploration company’s stock valued at $471,000 after buying an additional 11,680 shares in the last quarter. Focus Partners Wealth boosted its holdings in Petroleo Brasileiro S.A.- Petrobras by 7.0% during the first quarter. Focus Partners Wealth now owns 20,631 shares of the oil and gas exploration company’s stock valued at $296,000 after purchasing an additional 1,356 shares in the last quarter. Arkadios Wealth Advisors grew its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 46.3% in the 2nd quarter. Arkadios Wealth Advisors now owns 16,711 shares of the oil and gas exploration company’s stock valued at $209,000 after purchasing an additional 5,290 shares during the period. Fullcircle Wealth LLC raised its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 17.1% in the 2nd quarter. Fullcircle Wealth LLC now owns 14,525 shares of the oil and gas exploration company’s stock worth $185,000 after buying an additional 2,125 shares in the last quarter. Finally, Savant Capital LLC bought a new position in shares of Petroleo Brasileiro S.A.- Petrobras during the 2nd quarter worth approximately $140,000.

About Petroleo Brasileiro S.A.- Petrobras

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.