Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Trading Down 0.6% – What’s Next?

Shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) traded down 0.6% during mid-day trading on Monday . The stock traded as low as $14.04 and last traded at $14.08. 2,371,025 shares were traded during trading, a decline of 86% from the average session volume of 16,536,213 shares. The stock had previously closed at $14.16.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on PBR shares. HSBC upgraded Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Wednesday, March 5th. StockNews.com cut Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd. Finally, Hsbc Global Res upgraded Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $17.81.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

The company has a quick ratio of 0.71, a current ratio of 0.94 and a debt-to-equity ratio of 0.65. The firm has a 50-day moving average price of $13.82 and a two-hundred day moving average price of $13.94. The firm has a market cap of $91.83 billion, a PE ratio of 5.57, a P/E/G ratio of 0.18 and a beta of 1.39.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The company also recently disclosed a — dividend, which will be paid on Friday, June 27th. Shareholders of record on Tuesday, April 22nd will be issued a $0.2403 dividend. The ex-dividend date is Tuesday, April 22nd. This represents a yield of 19%. Petróleo Brasileiro S.A. – Petrobras’s payout ratio is currently 137.93%.

Institutional Investors Weigh In On Petróleo Brasileiro S.A. – Petrobras

A number of large investors have recently modified their holdings of PBR. Ethos Financial Group LLC purchased a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the fourth quarter worth about $25,000. Tandem Financial LLC purchased a new position in Petróleo Brasileiro S.A. – Petrobras in the 4th quarter worth approximately $39,000. Whipplewood Advisors LLC acquired a new position in shares of Petróleo Brasileiro S.A. – Petrobras during the 4th quarter worth approximately $40,000. Ameliora Wealth Management Ltd. purchased a new stake in shares of Petróleo Brasileiro S.A. – Petrobras in the fourth quarter valued at approximately $51,000. Finally, Kapitalo Investimentos Ltda increased its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 104.4% in the fourth quarter. Kapitalo Investimentos Ltda now owns 6,663 shares of the oil and gas exploration company’s stock valued at $86,000 after purchasing an additional 156,663 shares during the last quarter.

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.