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

Other equities analysts have also issued reports about the company. Societe Generale upped their target price on PETROLEO BRASIL/ADR from $11.00 to $13.50 and gave the stock a “hold” rating in a research note on Wednesday, August 8th. Credit Suisse Group lowered PETROLEO BRASIL/ADR from an “outperform” rating to a “hold” rating and set a $11.00 target price on the stock. in a research note on Thursday, May 24th. Raymond James lowered PETROLEO BRASIL/ADR from a “market perform” rating to an “underperform” rating and set a $14.30 target price on the stock. in a research note on Monday, April 23rd. Barclays upgraded PETROLEO BRASIL/ADR from an “underweight” rating to an “overweight” rating and set a $14.00 target price on the stock in a research note on Wednesday, July 11th. Finally, Bank of America upgraded PETROLEO BRASIL/ADR from a “neutral” rating to a “buy” rating in a research note on Thursday, May 10th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the stock. PETROLEO BRASIL/ADR presently has a consensus rating of “Hold” and an average target price of $13.80.

NYSE PBR traded down $0.07 during trading on Monday, reaching $10.64. The company’s stock had a trading volume of 21,934,000 shares, compared to its average volume of 22,655,484. The firm has a market capitalization of $75.27 billion, a P/E ratio of 15.20 and a beta of 2.42. The company has a quick ratio of 1.28, a current ratio of 1.70 and a debt-to-equity ratio of 1.18. PETROLEO BRASIL/ADR has a one year low of $8.67 and a one year high of $17.20.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Verition Fund Management LLC purchased a new position in shares of PETROLEO BRASIL/ADR in the 2nd quarter worth about $122,000. Marathon Trading Investment Management LLC purchased a new position in shares of PETROLEO BRASIL/ADR in the 2nd quarter worth about $107,000. Natixis purchased a new position in shares of PETROLEO BRASIL/ADR in the 2nd quarter worth about $768,000. Indus Capital Partners LLC boosted its holdings in shares of PETROLEO BRASIL/ADR by 111.2% in the 2nd quarter. Indus Capital Partners LLC now owns 1,040,948 shares of the oil and gas exploration company’s stock worth $10,441,000 after purchasing an additional 548,000 shares in the last quarter. Finally, BB&T Securities LLC boosted its holdings in shares of PETROLEO BRASIL/ADR by 129.0% in the 2nd quarter. BB&T Securities LLC now owns 25,899 shares of the oil and gas exploration company’s stock worth $259,000 after purchasing an additional 14,591 shares in the last quarter. Hedge funds and other institutional investors own 7.18% of the company’s stock.

PETROLEO BRASIL/ADR Company Profile

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.

Further Reading: Fundamental Analysis

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

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