Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Receives Average Rating of “Moderate Buy” from Brokerages

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBRGet Rating) has received a consensus recommendation of “Moderate Buy” from the four ratings firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $14.20.

Separately, StockNews.com downgraded Petróleo Brasileiro S.A. – Petrobras from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 13th.

Petróleo Brasileiro S.A. – Petrobras Stock Up 2.1 %

Shares of PBR opened at $14.45 on Monday. The business’s 50 day moving average is $12.47 and its 200 day moving average is $13.54. The company has a market capitalization of $94.24 billion, a PE ratio of 3.02, a price-to-earnings-growth ratio of 1.46 and a beta of 1.51. Petróleo Brasileiro S.A. – Petrobras has a 12-month low of $9.20 and a 12-month high of $16.30. The company has a current ratio of 1.31, a quick ratio of 1.16 and a debt-to-equity ratio of 0.56.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBRGet Rating) last issued its earnings results on Thursday, May 5th. The oil and gas exploration company reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.21. The company had revenue of $27.19 billion for the quarter, compared to the consensus estimate of $27.95 billion. Petróleo Brasileiro S.A. – Petrobras had a return on equity of 32.41% and a net margin of 28.57%. Research analysts expect that Petróleo Brasileiro S.A. – Petrobras will post 5.02 earnings per share for the current fiscal year.

Petróleo Brasileiro S.A. – Petrobras Increases Dividend

The company also recently disclosed a — dividend, which will be paid on Tuesday, September 27th. Shareholders of record on Monday, August 15th will be paid a $1.2949 dividend. This is an increase from Petróleo Brasileiro S.A. – Petrobras’s previous — dividend of $0.16. The ex-dividend date of this dividend is Friday, August 12th. This represents a yield of 44.8%. Petróleo Brasileiro S.A. – Petrobras’s payout ratio is presently 64.44%.

Institutional Trading of Petróleo Brasileiro S.A. – Petrobras

Large investors have recently added to or reduced their stakes in the company. J.Safra Asset Management Corp increased its stake in Petróleo Brasileiro S.A. – Petrobras by 1,364.7% in the 2nd quarter. J.Safra Asset Management Corp now owns 3,032 shares of the oil and gas exploration company’s stock worth $27,000 after acquiring an additional 2,825 shares during the last quarter. Baldwin Brothers LLC MA bought a new stake in Petróleo Brasileiro S.A. – Petrobras in the 2nd quarter worth approximately $35,000. AdvisorNet Financial Inc increased its stake in Petróleo Brasileiro S.A. – Petrobras by 125.3% in the 1st quarter. AdvisorNet Financial Inc now owns 2,519 shares of the oil and gas exploration company’s stock worth $37,000 after acquiring an additional 1,401 shares during the last quarter. Founders Capital Management increased its stake in Petróleo Brasileiro S.A. – Petrobras by 250.0% in the 2nd quarter. Founders Capital Management now owns 3,500 shares of the oil and gas exploration company’s stock worth $41,000 after acquiring an additional 2,500 shares during the last quarter. Finally, Optimum Investment Advisors increased its stake in Petróleo Brasileiro S.A. – Petrobras by 200.0% in the 1st quarter. Optimum Investment Advisors now owns 3,000 shares of the oil and gas exploration company’s stock worth $44,000 after acquiring an additional 2,000 shares during the last quarter. Institutional investors own 11.89% of the company’s stock.

Petróleo Brasileiro S.A. – Petrobras Company Profile

(Get Rating)

Petróleo Brasileiro SA – Petrobras explores for, produces, and sells oil and gas in Brazil and internationally. The company operates through Exploration and Production; Refining, Transportation and Marketing; Gas and Power; and Corporate and Other Businesses segments. 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.

Further Reading

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