Shares of PETROLEO BRASIL/ADR (NYSE:PBR) have been given a consensus recommendation of “Hold” by the thirteen research firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $13.70.

A number of analysts have issued reports on the company. Credit Suisse Group set a $15.00 price target on PETROLEO BRASIL/ADR and gave the stock a “hold” rating in a report on Thursday, September 6th. ValuEngine downgraded PETROLEO BRASIL/ADR from a “hold” rating to a “sell” rating in a report on Monday, August 20th. Societe Generale boosted their target price on PETROLEO BRASIL/ADR from $11.00 to $13.50 and gave the company a “hold” rating in a report on Wednesday, August 8th. Zacks Investment Research raised PETROLEO BRASIL/ADR from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a report on Thursday, August 2nd. Finally, Barclays raised PETROLEO BRASIL/ADR from an “underweight” rating to an “overweight” rating and set a $14.00 target price for the company in a report on Wednesday, July 11th.

NYSE PBR traded up $0.20 during trading on Wednesday, reaching $11.70. 316,212 shares of the company’s stock were exchanged, compared to its average volume of 21,061,796. The company has a market capitalization of $75.01 billion, a price-to-earnings ratio of 16.56 and a beta of 2.43. 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 1 year low of $9.02 and a 1 year high of $17.20.

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

The company also recently announced a special dividend, which was paid on Tuesday, September 4th. Stockholders of record on Wednesday, August 15th were issued a $0.027 dividend. This is an increase from PETROLEO BRASIL/ADR’s previous special dividend of $0.01. The ex-dividend date of this dividend was Tuesday, August 14th. PETROLEO BRASIL/ADR’s payout ratio is presently 5.71%.

Institutional investors have recently bought and sold shares of the company. Brave Asset Management Inc. purchased a new stake in shares of PETROLEO BRASIL/ADR in the 2nd quarter valued at about $102,000. Marathon Trading Investment Management LLC purchased a new stake in shares of PETROLEO BRASIL/ADR in the 2nd quarter valued at about $107,000. Greenleaf Trust purchased a new stake in shares of PETROLEO BRASIL/ADR in the 2nd quarter valued at about $112,000. Verition Fund Management LLC purchased a new stake in shares of PETROLEO BRASIL/ADR in the 2nd quarter valued at about $122,000. Finally, Parallel Advisors LLC lifted its holdings in shares of PETROLEO BRASIL/ADR by 4,501.5% in the 2nd quarter. Parallel Advisors LLC now owns 12,562 shares of the oil and gas exploration company’s stock valued at $125,000 after purchasing an additional 12,289 shares during the last quarter. 6.61% of the stock is owned by institutional investors and hedge funds.

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.

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

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