Petroleo Brasileiro SA – Petrobras (NYSE:PBR) was upgraded by research analysts at Macquarie from an “underperform” rating to a “neutral” rating in a report released on Thursday.

A number of other brokerages have also issued reports on PBR. HSBC raised Petroleo Brasileiro SA – Petrobras from a “hold” rating to a “buy” rating in a research note on Thursday, September 8th. Tudor Pickering lowered Petroleo Brasileiro SA – Petrobras from a “buy” rating to a “hold” rating in a research note on Tuesday, September 13th. Credit Suisse Group AG raised Petroleo Brasileiro SA – Petrobras from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $2.00 to $8.60 in a research note on Friday, August 26th. Barclays PLC reaffirmed an “underweight” rating and issued a $9.00 price target on shares of Petroleo Brasileiro SA – Petrobras in a research note on Monday, August 15th. Finally, Vetr raised Petroleo Brasileiro SA – Petrobras from a “buy” rating to a “strong-buy” rating and set a $10.04 price target on the stock in a research note on Wednesday, September 14th. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Petroleo Brasileiro SA – Petrobras has an average rating of “Hold” and a consensus price target of $7.31.

Petroleo Brasileiro SA – Petrobras (NYSE:PBR) opened at 9.10 on Thursday. Petroleo Brasileiro SA – Petrobras has a 12 month low of $2.71 and a 12 month high of $10.24. The company’s market cap is $59.35 billion. The firm has a 50-day moving average price of $8.99 and a 200 day moving average price of $7.15.

A number of large investors have recently bought and sold shares of PBR. Eqis Capital Management Inc. increased its stake in Petroleo Brasileiro SA – Petrobras by 18.6% in the second quarter. Eqis Capital Management Inc. now owns 15,354 shares of the oil and gas exploration company’s stock valued at $110,000 after buying an additional 2,410 shares in the last quarter. Wetherby Asset Management Inc. increased its stake in Petroleo Brasileiro SA – Petrobras by 39.4% in the second quarter. Wetherby Asset Management Inc. now owns 15,996 shares of the oil and gas exploration company’s stock valued at $115,000 after buying an additional 4,521 shares in the last quarter. J.Safra Asset Management Corp purchased a new stake in Petroleo Brasileiro SA – Petrobras during the first quarter valued at about $157,000. Candriam Luxembourg S.C.A. increased its stake in Petroleo Brasileiro SA – Petrobras by 1.7% in the second quarter. Candriam Luxembourg S.C.A. now owns 27,670 shares of the oil and gas exploration company’s stock valued at $198,000 after buying an additional 450 shares in the last quarter. Finally, Private Advisor Group LLC increased its stake in Petroleo Brasileiro SA – Petrobras by 1.7% in the second quarter. Private Advisor Group LLC now owns 28,895 shares of the oil and gas exploration company’s stock valued at $202,000 after buying an additional 472 shares in the last quarter. Institutional investors own 6.11% of the company’s stock.

About Petroleo Brasileiro SA – Petrobras

Petroleo Brasileiro SA Petrobras is a Brazil-based integrated energy company. The Company operates in the Exploration and Production (E&P); Refining, Transportation and Marketing (RTM); Gas and Power; Biofuels; Distribution, and International segments. E&P includes exploration, development and production of crude oil, natural gas liquid and natural gas in Brazil.

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