Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Reaches New 52-Week Low – Here’s What Happened

Shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) reached a new 52-week low on Tuesday . The stock traded as low as $12.54 and last traded at $12.58, with a volume of 3260960 shares. The stock had previously closed at $12.78.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on PBR shares. Hsbc Global Res upgraded Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. StockNews.com cut shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a report on Monday, March 3rd. Finally, HSBC upgraded Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a report on Wednesday, March 5th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $17.81.

Petróleo Brasileiro S.A. – Petrobras Price Performance

The stock has a 50 day moving average of $13.73 and a two-hundred day moving average of $14.03. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.94. The firm has a market capitalization of $81.96 billion, a P/E ratio of 4.97, a P/E/G ratio of 0.18 and a beta of 1.39.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of PBR. Comprehensive Money Management Services LLC acquired a new position in shares of Petróleo Brasileiro S.A. – Petrobras during the 4th quarter worth about $256,000. University of Texas Texas AM Investment Management Co. lifted its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 51.3% during the fourth quarter. University of Texas Texas AM Investment Management Co. now owns 191,051 shares of the oil and gas exploration company’s stock worth $2,457,000 after buying an additional 64,759 shares during the last quarter. Sunbelt Securities Inc. boosted its position in shares of Petróleo Brasileiro S.A. – Petrobras by 67.0% in the fourth quarter. Sunbelt Securities Inc. now owns 10,031 shares of the oil and gas exploration company’s stock valued at $128,000 after acquiring an additional 4,026 shares during the period. GTS Securities LLC bought a new position in Petróleo Brasileiro S.A. – Petrobras during the fourth quarter worth $281,000. Finally, Vise Technologies Inc. raised its stake in Petróleo Brasileiro S.A. – Petrobras by 5.1% during the 4th quarter. Vise Technologies Inc. now owns 33,916 shares of the oil and gas exploration company’s stock valued at $436,000 after purchasing an additional 1,633 shares during the last quarter.

About Petróleo Brasileiro S.A. – Petrobras

Petróleo Brasileiro SA – Petrobras explores, produces, and sells oil and gas in Brazil and internationally. The company operates through three segments: Exploration and Production; Refining, Transportation and Marketing; and Gas and Power. The Exploration and Production segment explores, develops, and produces crude oil, natural gas liquids, and natural gas primarily for supplies to the domestic refineries.