Petróleo Brasileiro S.A. – Petrobras Plans — Dividend of $0.53 (NYSE:PBR)

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) declared a — dividend on Friday, November 22nd,NASDAQ Dividends reports. Investors of record on Friday, December 13th will be paid a dividend of 0.5338 per share by the oil and gas exploration company on Friday, January 3rd. This represents a dividend yield of 18.8%. The ex-dividend date is Friday, December 13th.

Petróleo Brasileiro S.A. – Petrobras has raised its dividend payment by an average of 46.8% per year over the last three years.

Petróleo Brasileiro S.A. – Petrobras Trading Down 0.1 %

Shares of Petróleo Brasileiro S.A. – Petrobras stock traded down $0.01 on Wednesday, reaching $14.32. The company had a trading volume of 3,326,725 shares, compared to its average volume of 17,488,563. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.94 and a quick ratio of 0.71. The firm has a market cap of $93.40 billion, a price-to-earnings ratio of 5.60, a P/E/G ratio of 0.22 and a beta of 1.41. The firm’s 50-day moving average price is $14.17 and its two-hundred day moving average price is $14.49. Petróleo Brasileiro S.A. – Petrobras has a 1 year low of $12.90 and a 1 year high of $17.91.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on PBR shares. Morgan Stanley raised Petróleo Brasileiro S.A. – Petrobras from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $18.00 to $20.00 in a report on Monday, August 26th. HSBC lowered shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a report on Monday, October 21st. UBS Group cut their price target on shares of Petróleo Brasileiro S.A. – Petrobras from $19.40 to $18.10 and set a “buy” rating for the company in a report on Monday, August 19th. Hsbc Global Res cut shares of Petróleo Brasileiro S.A. – Petrobras from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 21st. Finally, JPMorgan Chase & Co. upgraded Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $16.50 to $19.00 in a report on Wednesday, September 25th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $18.24.

Petróleo Brasileiro S.A. – Petrobras Company Profile

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.