Barclays PLC reiterated their underweight rating on shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) in a report issued on Wednesday morning. The brokerage currently has a $8.00 target price on the oil and gas exploration company’s stock.

A number of other equities analysts also recently issued reports on the company. Zacks Investment Research upgraded Petroleo Brasileiro S.A.- Petrobras from a hold rating to a buy rating and set a $8.75 price target on the stock in a research note on Tuesday, July 11th. Deutsche Bank AG upgraded Petroleo Brasileiro S.A.- Petrobras from a sell rating to a hold rating in a research note on Friday, September 1st. Credit Suisse Group restated a buy rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research note on Friday, September 15th. ValuEngine upgraded Petroleo Brasileiro S.A.- Petrobras from a hold rating to a buy rating in a research note on Friday, September 1st. Finally, BidaskClub upgraded Petroleo Brasileiro S.A.- Petrobras from a sell rating to a hold rating in a research note on Wednesday, July 5th. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. Petroleo Brasileiro S.A.- Petrobras presently has a consensus rating of Hold and an average target price of $9.96.

Shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) traded down 1.71% on Wednesday, hitting $10.32. The stock had a trading volume of 12,136,634 shares. The stock’s market cap is $67.31 billion. Petroleo Brasileiro S.A.- Petrobras has a 12 month low of $7.61 and a 12 month high of $12.56. The stock has a 50 day moving average of $9.78 and a 200-day moving average of $9.06.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Axiom International Investors LLC DE lifted its position in Petroleo Brasileiro S.A.- Petrobras by 1.9% during the first quarter. Axiom International Investors LLC DE now owns 7,308,455 shares of the oil and gas exploration company’s stock valued at $70,819,000 after purchasing an additional 134,165 shares in the last quarter. Janus Capital Management LLC lifted its position in Petroleo Brasileiro S.A.- Petrobras by 2.3% during the first quarter. Janus Capital Management LLC now owns 5,828,059 shares of the oil and gas exploration company’s stock valued at $56,474,000 after purchasing an additional 129,966 shares in the last quarter. Janus Henderson Group PLC purchased a new position in Petroleo Brasileiro S.A.- Petrobras during the second quarter valued at $44,588,000. Capital International Investors lifted its position in Petroleo Brasileiro S.A.- Petrobras by 0.4% during the second quarter. Capital International Investors now owns 4,208,705 shares of the oil and gas exploration company’s stock valued at $33,628,000 after purchasing an additional 15,258 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its position in Petroleo Brasileiro S.A.- Petrobras by 955.6% during the second quarter. Acadian Asset Management LLC now owns 4,066,630 shares of the oil and gas exploration company’s stock valued at $32,491,000 after purchasing an additional 3,681,383 shares in the last quarter. Institutional investors own 5.70% of the company’s stock.

About Petroleo Brasileiro S.A.- Petrobras

Analyst Recommendations for Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR)

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