Credit Suisse Group upgraded shares of PETROLEO BRASIL/ADR (NYSE:PBR) from a neutral rating to an outperform rating in a research note published on Monday, BenzingaRatingsTable reports. Credit Suisse Group currently has $21.00 price objective on the oil and gas exploration company’s stock, up from their previous price objective of $15.00.

PBR has been the topic of several other research reports. UBS Group raised PETROLEO BRASIL/ADR from a neutral rating to a buy rating in a research note on Tuesday, February 12th. Zacks Investment Research raised PETROLEO BRASIL/ADR from a hold rating to a buy rating and set a $19.00 price target on the stock in a research note on Monday, March 18th. Barclays downgraded PETROLEO BRASIL/ADR from an overweight rating to an underweight rating and set a $17.00 price target on the stock. in a research note on Thursday, January 10th. ValuEngine raised PETROLEO BRASIL/ADR from a hold rating to a buy rating in a research note on Thursday, March 14th. Finally, HSBC raised PETROLEO BRASIL/ADR from a hold rating to a buy rating in a research note on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $17.98.

Shares of PETROLEO BRASIL/ADR stock opened at $16.99 on Monday. The firm has a market cap of $110.10 billion, a P/E ratio of 11.88 and a beta of 1.61. PETROLEO BRASIL/ADR has a 12 month low of $9.02 and a 12 month high of $17.90. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.12 and a current ratio of 1.48.

PETROLEO BRASIL/ADR (NYSE:PBR) last issued its quarterly earnings data on Wednesday, February 27th. The oil and gas exploration company reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.06). PETROLEO BRASIL/ADR had a return on equity of 11.44% and a net margin of 7.50%. The business had revenue of $24.35 billion for the quarter, compared to analyst estimates of $24.18 billion. On average, analysts expect that PETROLEO BRASIL/ADR will post 1.39 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Larson Financial Group LLC acquired a new stake in shares of PETROLEO BRASIL/ADR in the 4th quarter valued at about $76,000. Pictet Asset Management Ltd. bought a new position in shares of PETROLEO BRASIL/ADR in the 3rd quarter valued at about $144,000. Stifel Financial Corp bought a new position in shares of PETROLEO BRASIL/ADR in the 4th quarter valued at about $170,000. Henry James International Management Inc. bought a new position in shares of PETROLEO BRASIL/ADR in the 3rd quarter valued at about $177,000. Finally, Strategic Wealth Advisors Group LLC bought a new position in shares of PETROLEO BRASIL/ADR in the 4th quarter valued at about $202,000. 7.06% of the stock is currently owned by hedge funds and other institutional investors.

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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