Shares of PETROLEO BRASIL/ADR (NYSE:PBR) have earned a consensus recommendation of “Hold” from the thirteen ratings firms that are presently covering the firm, Marketbeat.com reports. Seven research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $16.92.

A number of analysts have recently commented on PBR shares. Credit Suisse Group set a $15.00 target price on PETROLEO BRASIL/ADR and gave the stock a “hold” rating in a research report on Thursday, September 6th. Santander upgraded PETROLEO BRASIL/ADR from a “hold” rating to a “buy” rating in a research report on Monday, October 8th. ValuEngine cut PETROLEO BRASIL/ADR from a “hold” rating to a “sell” rating in a research report on Monday, August 20th. Bank of America upgraded PETROLEO BRASIL/ADR from a “neutral” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Monday, October 8th. Finally, Morgan Stanley upgraded PETROLEO BRASIL/ADR from an “equal weight” rating to an “overweight” rating and set a $22.00 target price on the stock in a research report on Tuesday, October 23rd.

Shares of PBR traded up $0.10 during midday trading on Monday, reaching $14.24. 22,208,292 shares of the stock were exchanged, compared to its average volume of 21,829,978. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.18 and a current ratio of 1.60. PETROLEO BRASIL/ADR has a twelve month low of $9.02 and a twelve month high of $17.20. The stock has a market capitalization of $92.22 billion, a P/E ratio of 20.34 and a beta of 1.56.

PETROLEO BRASIL/ADR (NYSE:PBR) last posted its earnings results on Tuesday, November 6th. The oil and gas exploration company reported $0.26 EPS for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.09). PETROLEO BRASIL/ADR had a return on equity of 10.11% and a net margin of 5.21%. The firm had revenue of $24.87 billion for the quarter, compared to analyst estimates of $24.51 billion. On average, equities research analysts forecast that PETROLEO BRASIL/ADR will post 1.46 EPS for the current fiscal year.

The business also recently declared an annual dividend, which will be paid on Thursday, December 13th. Investors of record on Monday, November 26th will be given a $0.04 dividend. This represents a yield of 0.27%. The ex-dividend date of this dividend is Friday, November 23rd. PETROLEO BRASIL/ADR’s dividend payout ratio (DPR) is presently 5.71%.

Hedge funds have recently modified their holdings of the stock. Marathon Trading Investment Management LLC acquired a new position in PETROLEO BRASIL/ADR in the 2nd quarter valued at about $107,000. Campbell & CO Investment Adviser LLC acquired a new position in PETROLEO BRASIL/ADR in the 3rd quarter valued at about $131,000. Greenleaf Trust acquired a new position in PETROLEO BRASIL/ADR in the 2nd quarter valued at about $112,000. Verition Fund Management LLC acquired a new position in PETROLEO BRASIL/ADR in the 2nd quarter valued at about $122,000. Finally, Cambridge Investment Research Advisors Inc. increased its position in PETROLEO BRASIL/ADR by 32.0% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 13,495 shares of the oil and gas exploration company’s stock valued at $163,000 after acquiring an additional 3,271 shares during the period. Hedge funds and other institutional investors own 6.60% of the company’s stock.

PETROLEO BRASIL/ADR Company Profile

Petróleo Brasileiro SA – Petrobras operates in the oil, natural gas, and energy industries. The company's Exploration and Production segment engages in the exploration, development, and production of crude oil, natural gas liquids, and natural gas; and sale of surplus crude oil and oil products produced in the natural gas processing plants to the domestic and international markets.

Read More: Catch-Up Contributions

Analyst Recommendations for PETROLEO BRASIL/ADR (NYSE:PBR)

Receive News & Ratings for PETROLEO BRASIL/ADR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PETROLEO BRASIL/ADR and related companies with MarketBeat.com's FREE daily email newsletter.