Wall Street Zen Upgrades Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) to “Strong-Buy”

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Saturday, Wall Street Zen reports.

PBR has been the subject of several other research reports. Zacks Research upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “strong sell” rating to a “hold” rating in a research report on Monday, August 31st. Weiss Ratings raised Petroleo Brasileiro S.A.- Petrobras from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 9th. JPMorgan Chase & Co. lifted their price target 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. Finally, UBS Group upped their price target on Petroleo Brasileiro S.A.- Petrobras from $22.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, September 23rd. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Petroleo Brasileiro S.A.- Petrobras has a consensus rating of “Moderate Buy” and an average price target of $20.97.

Petroleo Brasileiro S.A.- Petrobras Stock Performance

NYSE:PBR opened at $22.06 on Friday. The company has a fifty day simple moving average of $21.98 and a two-hundred day simple moving average of $19.04. The company has a quick ratio of 0.58, a current ratio of 0.85 and a debt-to-equity ratio of 0.64. Petroleo Brasileiro S.A.- Petrobras has a 52 week low of $11.43 and a 52 week high of $26.39. The company has a market cap of $142.16 billion, a price-to-earnings ratio of 5.57, a price-to-earnings-growth ratio of 1.97 and a beta of 0.33.

Institutional Investors Weigh In On Petroleo Brasileiro S.A.- Petrobras

Institutional investors have recently bought and sold shares of the business. Ameritas Advisory Services LLC bought a new stake in Petroleo Brasileiro S.A.- Petrobras during the 2nd quarter worth about $31,000. Ascentis Independent Advisors purchased a new stake in Petroleo Brasileiro S.A.- Petrobras during the 1st quarter worth about $51,000. Harbor Investment Advisory LLC purchased a new position in shares of Petroleo Brasileiro S.A.- Petrobras in the first quarter worth about $54,000. NFSG Corp increased its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 153.8% in the 3rd quarter. NFSG Corp now owns 4,125 shares of the oil and gas exploration company’s stock worth $86,000 after acquiring an additional 2,500 shares in the last quarter. Finally, GK Wealth Management LLC bought a new position in Petroleo Brasileiro S.A.- Petrobras in the third quarter valued at about $97,000.

Petroleo Brasileiro S.A.- Petrobras Company Profile

Petróleo Brasileiro SA — Petrobras is a Brazilian state-controlled, integrated energy company engaged in the exploration, development, production, refining, transportation and marketing of oil and natural gas. Founded in 1953, the company plays a central role in Brazil’s energy sector and is headquartered in Rio de Janeiro.

Petrobras produces crude oil and natural gas, with a major focus on Brazil’s deepwater and pre-salt offshore fields. Its operations also include refining and selling petroleum products such as gasoline, diesel, aviation fuel, liquefied petroleum gas and other petrochemicals.