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

Shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) have been given an average recommendation of “Moderate Buy” by the eight analysts that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $15.4250.

Several research analysts have recently commented on PBR shares. Zacks Research downgraded Petroleo Brasileiro S.A.- Petrobras from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 18th. Wall Street Zen upgraded Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a report on Saturday. UBS Group cut their target price 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. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research note on Wednesday, October 8th.

Petroleo Brasileiro S.A.- Petrobras Trading Up 1.9%

NYSE PBR opened at $11.82 on Tuesday. The stock’s 50-day simple moving average is $12.45 and its two-hundred day simple moving average is $12.28. Petroleo Brasileiro S.A.- Petrobras has a twelve month low of $11.03 and a twelve month high of $15.10. The company has a quick ratio of 0.47, a current ratio of 0.72 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $76.14 billion, a price-to-earnings ratio of 5.52 and a beta of 0.86.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last released its quarterly earnings data 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). The company 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 forecast that Petroleo Brasileiro S.A.- Petrobras will post 2.14 EPS for the current fiscal year.

Petroleo Brasileiro S.A.- Petrobras Announces Dividend

The firm also recently announced a special dividend, which will be paid on Tuesday, December 30th. Investors 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 (DPR) is presently 48.13%.

Institutional Trading of Petroleo Brasileiro S.A.- Petrobras

Several large investors have recently modified their holdings of PBR. D Orazio & Associates Inc. bought a new stake in shares of Petroleo Brasileiro S.A.- Petrobras in the first quarter worth about $173,000. Sagespring Wealth Partners LLC bought a new stake in Petroleo Brasileiro S.A.- Petrobras during the 1st quarter valued at approximately $178,000. Inscription Capital LLC bought a new stake in Petroleo Brasileiro S.A.- Petrobras during the 1st quarter valued at approximately $189,000. Lesa Sroufe & Co bought a new stake in Petroleo Brasileiro S.A.- Petrobras during the 1st quarter valued at approximately $4,900,000. Finally, United Advisor Group LLC bought a new stake in Petroleo Brasileiro S.A.- Petrobras during the 1st quarter valued at approximately $148,000.

Petroleo 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.