Brokerages Set Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Target Price at $18.07

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) has been given a consensus recommendation of “Moderate Buy” by the seven analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $18.20.

A number of research analysts have commented on the company. UBS Group reduced their price objective on Petróleo Brasileiro S.A. – Petrobras from $19.40 to $18.10 and set a “buy” rating on the stock in a research note on Monday, August 19th. Bank of America upgraded Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to a “buy” rating and raised their target price for the company from $16.80 to $17.90 in a report on Thursday, June 27th. The Goldman Sachs Group decreased their price target on Petróleo Brasileiro S.A. – Petrobras from $19.30 to $16.70 and set a “buy” rating for the company in a report on Tuesday, August 13th. Morgan Stanley upgraded shares of Petróleo Brasileiro S.A. – Petrobras from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $18.00 to $20.00 in a research note on Monday, August 26th. Finally, JPMorgan Chase & Co. raised shares of Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $16.50 to $19.00 in a research report on Wednesday.

Institutional Trading of Petróleo Brasileiro S.A. – Petrobras

Several institutional investors have recently added to or reduced their stakes in PBR. EverSource Wealth Advisors LLC grew its holdings in Petróleo Brasileiro S.A. – Petrobras by 460.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the oil and gas exploration company’s stock worth $27,000 after acquiring an additional 1,468 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of Petróleo Brasileiro S.A. – Petrobras during the second quarter worth about $30,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Petróleo Brasileiro S.A. – Petrobras in the second quarter worth about $32,000. Nisa Investment Advisors LLC bought a new stake in Petróleo Brasileiro S.A. – Petrobras in the second quarter valued at about $35,000. Finally, ANTIPODES PARTNERS Ltd acquired a new stake in Petróleo Brasileiro S.A. – Petrobras during the second quarter valued at approximately $45,000.

Petróleo Brasileiro S.A. – Petrobras Trading Up 0.1 %

NYSE PBR opened at $14.58 on Tuesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.67 and a current ratio of 0.90. Petróleo Brasileiro S.A. – Petrobras has a one year low of $12.90 and a one year high of $17.91. The company’s 50 day moving average price is $14.65 and its 200 day moving average price is $15.09.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) last issued its earnings results on Thursday, August 8th. The oil and gas exploration company reported $0.47 EPS for the quarter, meeting analysts’ consensus estimates of $0.47. Petróleo Brasileiro S.A. – Petrobras had a net margin of 16.17% and a return on equity of 28.42%. The business had revenue of $23.47 billion for the quarter, compared to the consensus estimate of $24.22 billion. As a group, equities research analysts forecast that Petróleo Brasileiro S.A. – Petrobras will post 2.65 earnings per share for the current fiscal year.

Petróleo Brasileiro S.A. – Petrobras Increases Dividend

The firm also recently announced a Variable dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, August 23rd will be given a $0.165 dividend. This represents a dividend yield of 15.4%. This is a positive change from Petróleo Brasileiro S.A. – Petrobras’s previous Variable dividend of $0.03. The ex-dividend date is Friday, August 23rd. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio is presently 25.00%.

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 Exploration and Production; Refining, Transportation and Marketing; and Gas and Power. It also engages in prospecting, drilling, refining, processing, trading, and transporting crude oil from producing onshore and offshore oil fields, and shale or other rocks, as well as oil products, natural gas, and other liquid hydrocarbons.