Petroleo Brasileiro S.A.- Petrobras (PBR) Earns Market Perform Rating from Raymond James Financial, Inc.

Raymond James Financial, Inc. reissued their market perform rating on shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) in a report published on Wednesday.

PBR has been the subject of several other research reports. Deutsche Bank AG raised shares of Petroleo Brasileiro S.A.- Petrobras from a sell rating to a hold rating in a research report on Friday, September 1st. Credit Suisse Group reissued a buy rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research report on Friday, September 15th. BidaskClub lowered shares of Petroleo Brasileiro S.A.- Petrobras from a hold rating to a sell rating in a research report on Friday, June 23rd. Zacks Investment Research lowered shares of Petroleo Brasileiro S.A.- Petrobras from a buy rating to a hold rating in a research report on Tuesday, August 8th. Finally, Barclays PLC reissued an underweight rating and issued a $8.00 price objective (down previously from $11.00) on shares of Petroleo Brasileiro S.A.- Petrobras in a research report on Wednesday, July 12th. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $9.96.

Shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) traded down 1.71% during trading on Wednesday, reaching $10.32. 12,136,634 shares of the company’s stock traded hands. The stock has a 50-day moving average of $9.78 and a 200-day moving average of $9.06. Petroleo Brasileiro S.A.- Petrobras has a 1-year low of $7.61 and a 1-year high of $12.56. The company’s market capitalization is $67.31 billion.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Eqis Capital Management Inc. grew its holdings in Petroleo Brasileiro S.A.- Petrobras by 207.1% during the 3rd quarter. Eqis Capital Management Inc. now owns 49,393 shares of the oil and gas exploration company’s stock valued at $496,000 after purchasing an additional 33,311 shares in the last quarter. IHT Wealth Management LLC acquired a new stake in Petroleo Brasileiro S.A.- Petrobras during the 2nd quarter valued at $103,000. Friedberg Investment Management acquired a new stake in Petroleo Brasileiro S.A.- Petrobras during the 2nd quarter valued at $164,000. Janus Henderson Group PLC acquired a new stake in Petroleo Brasileiro S.A.- Petrobras during the 2nd quarter valued at $44,588,000. Finally, Capital International Investors grew its holdings in Petroleo Brasileiro S.A.- Petrobras by 0.4% during the 2nd quarter. Capital International Investors now owns 4,208,705 shares of the oil and gas exploration company’s stock valued at $33,628,000 after purchasing an additional 15,258 shares in the last quarter. 5.70% of the stock is owned by institutional investors and hedge funds.

Petroleo Brasileiro S.A.- Petrobras Company Profile

Analyst Recommendations for Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR)

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