Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) from a hold rating to a buy rating in a research report released on Saturday morning.

PBR has been the subject of a number of other research reports. Zacks Research lowered Petroleo Brasileiro S.A.- Petrobras from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 18th. Weiss Ratings reissued a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research note on Wednesday, October 8th. Finally, UBS Group decreased their price objective on Petroleo Brasileiro S.A.- Petrobras from $15.80 to $14.40 and set a “buy” rating for the company in a research report on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $15.43.

Petroleo Brasileiro S.A.- Petrobras Stock Performance

Shares of PBR opened at $11.82 on Friday. The company has a 50-day moving average of $12.45 and a two-hundred day moving average of $12.28. The stock has a market cap of $76.14 billion, a price-to-earnings ratio of 5.52 and a beta of 0.86. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.72 and a quick ratio of 0.47. Petroleo Brasileiro S.A.- Petrobras has a one year low of $11.03 and a one year high of $15.10.

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 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.06). Petroleo Brasileiro S.A.- Petrobras had a net margin of 15.99% and a return on equity of 34.11%. The firm had revenue of $21.04 billion during the quarter, compared to analysts’ expectations of $20.78 billion. On average, equities research analysts expect that Petroleo Brasileiro S.A.- Petrobras will post 2.14 earnings per share for the current year.

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

The company also recently announced a special dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, August 25th will be given 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 presently 48.13%.

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

Institutional investors have recently made changes to their positions in the company. Financial Gravity Companies Inc. acquired a new position in Petroleo Brasileiro S.A.- Petrobras in the second quarter worth approximately $26,000. Financial Gravity Asset Management Inc. bought a new stake in Petroleo Brasileiro S.A.- Petrobras in the first quarter worth approximately $29,000. Wayfinding Financial LLC bought a new stake in Petroleo Brasileiro S.A.- Petrobras in the first quarter worth approximately $32,000. Wealth Preservation Advisors LLC acquired a new position in shares of Petroleo Brasileiro S.A.- Petrobras during the 1st quarter worth $34,000. Finally, Geneos Wealth Management Inc. raised its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 74.9% during the 2nd quarter. Geneos Wealth Management Inc. now owns 2,438 shares of the oil and gas exploration company’s stock valued at $30,000 after purchasing an additional 1,044 shares in the last quarter.

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.