ValuEngine lowered shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) from a buy rating to a hold rating in a report issued on Tuesday.

A number of other research analysts also recently issued reports on PBR. TheStreet raised Petroleo Brasileiro S.A.- Petrobras from a d+ rating to a c- rating in a report on Monday, August 7th. Zacks Investment Research downgraded Petroleo Brasileiro S.A.- Petrobras from a buy rating to a hold rating in a report on Tuesday, August 8th. Barclays PLC reissued an underweight rating and issued a $8.00 price target on shares of Petroleo Brasileiro S.A.- Petrobras in a report on Wednesday, October 4th. Credit Suisse Group set a $12.00 price target on Petroleo Brasileiro S.A.- Petrobras and gave the company a buy rating in a report on Friday, August 11th. Finally, BidaskClub downgraded Petroleo Brasileiro S.A.- Petrobras from a hold rating to a sell rating in a report on Wednesday, August 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $10.48.

Petroleo Brasileiro S.A.- Petrobras (PBR) opened at $10.26 on Tuesday. Petroleo Brasileiro S.A.- Petrobras has a twelve month low of $7.61 and a twelve month high of $11.71. The stock has a market capitalization of $66,918.27, a P/E ratio of 19.00 and a beta of 2.44. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.02 and a quick ratio of 1.66.

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In other news, Director Christopher Geoffrey Hampson sold 250,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $0.18, for a total value of $45,000.00.

Several institutional investors and hedge funds have recently modified their holdings of the stock. IHT Wealth Management LLC purchased a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the second quarter worth approximately $103,000. SOL Capital Management CO increased its position in shares of Petroleo Brasileiro S.A.- Petrobras by 1.0% during the second quarter. SOL Capital Management CO now owns 24,150 shares of the oil and gas exploration company’s stock worth $193,000 after purchasing an additional 250 shares in the last quarter. AGF Investments Inc. increased its position in shares of Petroleo Brasileiro S.A.- Petrobras by 1.4% during the second quarter. AGF Investments Inc. now owns 87,020 shares of the oil and gas exploration company’s stock worth $695,000 after purchasing an additional 1,231 shares in the last quarter. Eqis Capital Management Inc. increased its position in shares of Petroleo Brasileiro S.A.- Petrobras by 8.5% during the second quarter. Eqis Capital Management Inc. now owns 16,082 shares of the oil and gas exploration company’s stock worth $128,000 after purchasing an additional 1,262 shares in the last quarter. Finally, Van ECK Associates Corp increased its position in shares of Petroleo Brasileiro S.A.- Petrobras by 11.6% during the second quarter. Van ECK Associates Corp now owns 18,684 shares of the oil and gas exploration company’s stock worth $149,000 after purchasing an additional 1,947 shares in the last quarter. Hedge funds and other institutional investors own 5.60% of the company’s stock.

About Petroleo Brasileiro S.A.- Petrobras

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

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