Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Shares Down 7.9% – What’s Next?

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)’s stock price fell 7.9% on Thursday . The company traded as low as $13.32 and last traded at $13.20. 16,752,597 shares changed hands during trading, an increase of 28% from the average session volume of 13,074,086 shares. The stock had previously closed at $14.32.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group increased their price objective on shares of Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $18.24.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

The company has a market cap of $87.41 billion, a price-to-earnings ratio of 5.30, a PEG ratio of 0.18 and a beta of 1.40. The firm’s 50 day simple moving average is $13.72 and its 200-day simple moving average is $14.17. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.94.

Institutional Trading of Petróleo Brasileiro S.A. – Petrobras

Several large investors have recently bought and sold shares of PBR. Arkadios Wealth Advisors purchased a new stake in shares of Petróleo Brasileiro S.A. – Petrobras in the third quarter valued at approximately $326,000. Rosenberg Matthew Hamilton raised its holdings 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 period. KG&L Capital Management LLC lifted its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 32.9% in the 3rd quarter. KG&L Capital Management LLC now owns 43,600 shares of the oil and gas exploration company’s stock worth $628,000 after acquiring an additional 10,800 shares during the last quarter. Summit Global Investments acquired a new position in Petróleo Brasileiro S.A. – Petrobras during the third quarter worth $1,625,000. Finally, Fiera Capital Corp boosted its holdings in Petróleo Brasileiro S.A. – Petrobras by 59.8% during the 3rd quarter. Fiera Capital Corp now owns 100,109 shares of the oil and gas exploration company’s stock valued at $1,443,000 after acquiring an additional 37,475 shares during the period.

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.