PETROLEO BRASIL/ADR (NYSE:PBR) was upgraded by research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.

Several other research analysts also recently weighed in on PBR. Santander downgraded shares of PETROLEO BRASIL/ADR from a “buy” rating to a “hold” rating in a research note on Wednesday, May 30th. JPMorgan Chase & Co. downgraded shares of PETROLEO BRASIL/ADR from an “overweight” rating to a “neutral” rating in a research note on Friday, June 1st. Societe Generale downgraded shares of PETROLEO BRASIL/ADR from a “buy” rating to a “hold” rating in a research note on Monday, June 4th. Credit Suisse Group set a $15.00 target price on shares of PETROLEO BRASIL/ADR and gave the company a “hold” rating in a research note on Monday, June 4th. Finally, UBS Group downgraded shares of PETROLEO BRASIL/ADR from a “buy” rating to a “neutral” rating in a research note on Friday, June 8th. Eleven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $13.80.

NYSE:PBR opened at $11.65 on Thursday. The firm has a market cap of $74.29 billion, a PE ratio of 16.64 and a beta of 2.42. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.70 and a quick ratio of 1.28. PETROLEO BRASIL/ADR has a 52-week low of $9.02 and a 52-week high of $17.20.

PETROLEO BRASIL/ADR (NYSE:PBR) last announced its earnings results on Friday, August 3rd. The oil and gas exploration company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.13. PETROLEO BRASIL/ADR had a net margin of 3.60% and a return on equity of 7.89%. The firm had revenue of $23.41 billion during the quarter, compared to the consensus estimate of $26.26 billion. analysts expect that PETROLEO BRASIL/ADR will post 1.64 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Atria Investments LLC grew its holdings in PETROLEO BRASIL/ADR by 23.1% in the 2nd quarter. Atria Investments LLC now owns 24,998 shares of the oil and gas exploration company’s stock valued at $251,000 after buying an additional 4,687 shares during the period. LPL Financial LLC grew its holdings in PETROLEO BRASIL/ADR by 34.6% in the 1st quarter. LPL Financial LLC now owns 27,693 shares of the oil and gas exploration company’s stock valued at $392,000 after buying an additional 7,124 shares during the period. Bailard Inc. grew its holdings in PETROLEO BRASIL/ADR by 4.2% in the 2nd quarter. Bailard Inc. now owns 243,950 shares of the oil and gas exploration company’s stock valued at $2,447,000 after buying an additional 9,750 shares during the period. Brave Asset Management Inc. purchased a new stake in PETROLEO BRASIL/ADR in the 2nd quarter valued at about $102,000. Finally, Private Advisor Group LLC grew its holdings in PETROLEO BRASIL/ADR by 101.7% in the 2nd quarter. Private Advisor Group LLC now owns 20,374 shares of the oil and gas exploration company’s stock valued at $205,000 after buying an additional 10,274 shares during the period. Institutional investors own 6.61% of the company’s stock.

About PETROLEO BRASIL/ADR

PetrĂ³leo 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.

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

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