Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) Given Average Recommendation of “Buy” by Analysts

Shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) have been given a consensus rating of “Buy” by the eight ratings firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $16.14.

Several brokerages recently weighed in on PBR. UBS Group reduced their price target on Petroleo Brasileiro S.A.- Petrobras from $15.80 to $14.40 and set a “buy” rating on the stock in a research note on Friday, August 22nd. Zacks Research raised Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 20th. Finally, Bank of America cut Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “neutral” rating in a research note on Monday, June 9th.

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

A number of institutional investors have recently modified their holdings of the stock. GQG Partners LLC boosted its position in shares of Petroleo Brasileiro S.A.- Petrobras by 8.0% during the first quarter. GQG Partners LLC now owns 256,098,882 shares of the oil and gas exploration company’s stock valued at $3,672,458,000 after buying an additional 18,862,848 shares during the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the second quarter valued at $148,086,000. ARGA Investment Management LP boosted its position in shares of Petroleo Brasileiro S.A.- Petrobras by 0.3% during the first quarter. ARGA Investment Management LP now owns 11,036,110 shares of the oil and gas exploration company’s stock valued at $158,258,000 after buying an additional 38,312 shares during the last quarter. Carrhae Capital LLP purchased a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the first quarter valued at $64,765,000. Finally, Artemis Investment Management LLP boosted its position in shares of Petroleo Brasileiro S.A.- Petrobras by 30.2% during the first quarter. Artemis Investment Management LLP now owns 3,908,771 shares of the oil and gas exploration company’s stock valued at $56,052,000 after buying an additional 905,800 shares during the last quarter.

Petroleo Brasileiro S.A.- Petrobras Price Performance

Shares of PBR stock opened at $12.82 on Friday. The stock has a market cap of $82.59 billion, a price-to-earnings ratio of 5.99 and a beta of 0.91. The business’s fifty day moving average is $12.45 and its 200 day moving average is $12.42. Petroleo Brasileiro S.A.- Petrobras has a twelve month low of $11.03 and a twelve month high of $15.34. The company has a quick ratio of 0.47, a current ratio of 0.72 and a debt-to-equity ratio of 0.76.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last issued its quarterly earnings results on Friday, August 8th. The oil and gas exploration company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.06). The firm had revenue of $21.04 billion during the quarter, compared to analysts’ expectations of $20.78 billion. Petroleo Brasileiro S.A.- Petrobras had a return on equity of 34.11% and a net margin of 15.99%. Research analysts expect that Petroleo Brasileiro S.A.- Petrobras will post 2.14 EPS for the current fiscal year.

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

The business also recently announced a special dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, August 25th will be paid a $0.0739 dividend. The ex-dividend date of this dividend is Monday, August 25th. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio is currently 48.13%.

About Petroleo Brasileiro S.A.- Petrobras

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.