Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Upgraded at Jefferies Financial Group

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) was upgraded by research analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday, MarketBeat reports. The brokerage currently has a $15.30 target price on the oil and gas exploration company’s stock. Jefferies Financial Group’s target price would suggest a potential upside of 26.24% from the company’s current price.

A number of other equities research analysts have also weighed in on PBR. Hsbc Global Res raised Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. StockNews.com upgraded Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, HSBC upgraded Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Wednesday, March 5th. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $17.47.

Petróleo Brasileiro S.A. – Petrobras Stock Down 0.6%

NYSE:PBR opened at $12.12 on Thursday. The firm has a market capitalization of $78.11 billion, a P/E ratio of 4.73, a PEG ratio of 0.18 and a beta of 0.87. The company’s fifty day moving average price is $12.47 and its 200-day moving average price is $13.31. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.94 and a quick ratio of 0.71. Petróleo Brasileiro S.A. – Petrobras has a 1-year low of $11.03 and a 1-year high of $15.73.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Earnest Partners LLC lifted its position in shares of Petróleo Brasileiro S.A. – Petrobras by 3.0% during the 1st quarter. Earnest Partners LLC now owns 3,242,860 shares of the oil and gas exploration company’s stock worth $46,503,000 after purchasing an additional 93,409 shares during the last quarter. Wealth Preservation Advisors LLC acquired a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the 1st quarter valued at approximately $34,000. Samalin Investment Counsel LLC increased its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 12.5% in the 1st quarter. Samalin Investment Counsel LLC now owns 15,974 shares of the oil and gas exploration company’s stock worth $229,000 after acquiring an additional 1,780 shares during the period. Freedom Investment Management Inc. increased its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 10.5% in the first quarter. Freedom Investment Management Inc. now owns 12,121 shares of the oil and gas exploration company’s stock valued at $174,000 after buying an additional 1,152 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC increased its holdings in Petróleo Brasileiro S.A. – Petrobras by 2.9% in the first quarter. Campbell & CO Investment Adviser LLC now owns 89,787 shares of the oil and gas exploration company’s stock worth $1,288,000 after buying an additional 2,527 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.