Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) Receives Average Rating of “Moderate Buy” from Analysts

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) has been assigned an average rating of “Moderate Buy” from the eight research firms that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $15.4250.

PBR has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a report on Wednesday, October 8th. Zacks Research cut Petroleo Brasileiro S.A.- Petrobras from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 18th. UBS Group reduced their target price on Petroleo Brasileiro S.A.- Petrobras from $15.80 to $14.40 and set a “buy” rating for the company in a research note on Friday, August 22nd. Finally, Wall Street Zen raised Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a report on Saturday, November 1st.

Petroleo Brasileiro S.A.- Petrobras Price Performance

Shares of PBR opened at $12.87 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.47 and a debt-to-equity ratio of 0.76. The company’s fifty day simple moving average is $12.28 and its 200 day simple moving average is $12.22. Petroleo Brasileiro S.A.- Petrobras has a 1-year low of $11.03 and a 1-year high of $15.10. The company has a market cap of $82.91 billion, a price-to-earnings ratio of 6.01 and a beta of 0.83.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last announced its quarterly earnings data on Thursday, November 6th. The oil and gas exploration company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.03. The company had revenue of $23.48 billion during the quarter, compared to the consensus estimate of $125.50 billion. Petroleo Brasileiro S.A.- Petrobras had a net margin of 15.99% and a return on equity of 34.11%. On average, research analysts forecast that Petroleo Brasileiro S.A.- Petrobras will post 2.14 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Petroleo Brasileiro S.A.- Petrobras

Several large investors have recently modified their holdings of the stock. Wealth Alliance LLC grew its position in Petroleo Brasileiro S.A.- Petrobras by 124.2% during the third quarter. Wealth Alliance LLC now owns 51,431 shares of the oil and gas exploration company’s stock worth $651,000 after buying an additional 28,488 shares in the last quarter. NewEdge Wealth LLC bought a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the 3rd quarter valued at $227,000. May Hill Capital LLC acquired a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the 3rd quarter worth $180,000. Mondrian Investment Partners LTD bought a new position in shares of Petroleo Brasileiro S.A.- Petrobras in the third quarter worth $140,433,000. Finally, Todd Asset Management LLC increased its position in shares of Petroleo Brasileiro S.A.- Petrobras by 4.9% in the third quarter. Todd Asset Management LLC now owns 3,137,096 shares of the oil and gas exploration company’s stock worth $39,716,000 after purchasing an additional 147,650 shares during the period.

Petroleo Brasileiro S.A.- Petrobras Company Profile

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.