Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) has earned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $19.48.

A number of equities research analysts recently issued reports on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research report on Friday, August 7th. Zacks Research raised shares of Petroleo Brasileiro S.A.- Petrobras from a “strong sell” rating to a “hold” rating in a research note on Monday. Finally, JPMorgan Chase & Co. raised their price objective on shares of Petroleo Brasileiro S.A.- Petrobras from $23.00 to $24.00 and gave the stock an “overweight” rating in a report on Tuesday.

Hedge Funds Weigh In On Petroleo Brasileiro S.A.- Petrobras

Several institutional investors have recently bought and sold shares of the business. HighTower Advisors LLC grew its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 2.2% during the second quarter. HighTower Advisors LLC now owns 180,932 shares of the oil and gas exploration company’s stock worth $2,924,000 after purchasing an additional 3,881 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in Petroleo Brasileiro S.A.- Petrobras during the 2nd quarter worth about $31,000. TD Waterhouse Canada Inc. grew its holdings in Petroleo Brasileiro S.A.- Petrobras by 358.5% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 40,483 shares of the oil and gas exploration company’s stock worth $647,000 after acquiring an additional 31,654 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Petroleo Brasileiro S.A.- Petrobras in the 2nd quarter valued at about $187,000. Finally, Quantitative Investment Management LLC acquired a new stake in Petroleo Brasileiro S.A.- Petrobras in the 2nd quarter valued at about $5,122,000.

Petroleo Brasileiro S.A.- Petrobras Stock Down 1.5%

Shares of NYSE PBR opened at $20.54 on Friday. The stock has a market cap of $132.37 billion, a PE ratio of 5.19, a PEG ratio of 0.82 and a beta of 0.32. The business has a fifty day moving average of $18.09 and a two-hundred day moving average of $18.71. Petroleo Brasileiro S.A.- Petrobras has a 52-week low of $11.43 and a 52-week high of $22.24. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.85.

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

The firm also recently declared a special dividend, which will be paid on Tuesday, December 1st. Investors of record on Tuesday, August 25th will be given a dividend of $0.2649 per share. The ex-dividend date is Tuesday, August 25th. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio is 10.86%.

Petroleo Brasileiro S.A.- Petrobras Company Profile

Petróleo Brasileiro SA – Petrobras is a Brazilian, state-controlled integrated oil and gas company headquartered in Rio de Janeiro. Founded in 1953, Petrobras is principally engaged in the exploration and production of crude oil and natural gas, and operates across the full value chain from upstream activities through refining, transportation and downstream marketing of petroleum products. The company is a major player in Brazil’s energy sector and is a listed public company with global capital market presence.

Petrobras’s core activities include deepwater and ultra-deepwater exploration and production, where it has been a pioneer in developing pre-salt reserves off Brazil’s coast.