PETROLEO BRASIL/ADR (NYSE:PBR) has been given a consensus rating of “Buy” by the thirteen ratings firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $19.21.

Several research analysts have commented on PBR shares. Zacks Investment Research downgraded GENEL ENERGY PL/ADR from a “buy” rating to a “hold” rating in a report on Tuesday, May 7th. Bank of America set a $225.00 price objective on Tesla and gave the stock a “sell” rating in a report on Wednesday, July 3rd. Credit Suisse Group upgraded J M Smucker from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $96.00 to $120.00 in a report on Monday, April 8th. ValuEngine upgraded YY from a “sell” rating to a “hold” rating in a report on Friday, June 7th. Finally, Citigroup set a $12.00 price objective on Avaya and gave the stock a “hold” rating in a report on Monday, July 8th.

Large investors have recently made changes to their positions in the company. Lindbrook Capital LLC grew its stake in PETROLEO BRASIL/ADR by 72.2% during the 1st quarter. Lindbrook Capital LLC now owns 1,691 shares of the oil and gas exploration company’s stock worth $26,000 after buying an additional 709 shares during the last quarter. Advisory Services Network LLC grew its stake in PETROLEO BRASIL/ADR by 190.4% during the 1st quarter. Advisory Services Network LLC now owns 4,951 shares of the oil and gas exploration company’s stock worth $79,000 after buying an additional 3,246 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co purchased a new position in PETROLEO BRASIL/ADR during the 1st quarter worth $159,000. OLD National Bancorp IN purchased a new position in PETROLEO BRASIL/ADR during the 1st quarter worth $167,000. Finally, Quantamental Technologies LLC purchased a new position in PETROLEO BRASIL/ADR during the 1st quarter worth $168,000. Institutional investors and hedge funds own 7.23% of the company’s stock.

Shares of PBR stock traded down $0.14 on Tuesday, reaching $15.99. 10,866,217 shares of the company’s stock were exchanged, compared to its average volume of 17,610,830. The business has a fifty day moving average of $15.70. The company has a market cap of $104.29 billion, a PE ratio of 11.18 and a beta of 1.48. PETROLEO BRASIL/ADR has a 52 week low of $10.16 and a 52 week high of $17.90. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 1.30.

PETROLEO BRASIL/ADR (NYSE:PBR) last released its quarterly earnings data on Thursday, May 2nd. The oil and gas exploration company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.06). The firm had revenue of $21.23 billion for the quarter, compared to analysts’ expectations of $21.65 billion. PETROLEO BRASIL/ADR had a return on equity of 10.35% and a net margin of 6.50%. Equities analysts predict that PETROLEO BRASIL/ADR will post 1.3 EPS for the current year.

The business also recently declared a special dividend, which was paid on Monday, July 15th. Stockholders of record on Thursday, May 23rd were issued a $0.0509 dividend. The ex-dividend date of this dividend was Wednesday, May 22nd. This is an increase from PETROLEO BRASIL/ADR’s previous special dividend of $0.03. PETROLEO BRASIL/ADR’s dividend payout ratio (DPR) is currently 11.19%.

About PETROLEO BRASIL/ADR

PetrĂ³leo Brasileiro SA – Petrobras operates in the oil, natural gas, and energy industries in Brazil and internationally. It 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.

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

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