Wall Street Zen Upgrades Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) to Buy

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

PBR has been the subject of several other research reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research report on Wednesday, October 8th. Zacks Research downgraded Petroleo Brasileiro S.A.- Petrobras from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 18th. Finally, UBS Group decreased 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 report on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Petroleo Brasileiro S.A.- Petrobras has a consensus rating of “Moderate Buy” and an average price target of $15.43.

Petroleo Brasileiro S.A.- Petrobras Price Performance

PBR stock opened at $11.65 on Friday. The stock has a 50-day moving average price of $12.29 and a two-hundred day moving average price of $12.21. Petroleo Brasileiro S.A.- Petrobras has a 12-month low of $11.03 and a 12-month high of $15.10. 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 has a market cap of $75.04 billion, a PE ratio of 5.44 and a beta of 0.86.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last issued its earnings results on Friday, August 8th. The oil and gas exploration company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.06). Petroleo Brasileiro S.A.- Petrobras had a return on equity of 34.11% and a net margin of 15.99%.The company had revenue of $21.04 billion during the quarter, compared to analysts’ expectations of $20.78 billion. As a group, research analysts predict that Petroleo Brasileiro S.A.- Petrobras will post 2.14 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Financial Gravity Companies Inc. acquired a new position in shares of Petroleo Brasileiro S.A.- Petrobras in the second quarter worth about $26,000. Financial Gravity Asset Management Inc. acquired a new stake in Petroleo Brasileiro S.A.- Petrobras during the first quarter valued at approximately $29,000. Wayfinding Financial LLC acquired a new stake in Petroleo Brasileiro S.A.- Petrobras during the first quarter valued at approximately $32,000. Wealth Preservation Advisors LLC acquired a new stake in Petroleo Brasileiro S.A.- Petrobras during the first quarter valued at approximately $34,000. Finally, Geneos Wealth Management Inc. raised its stake in Petroleo Brasileiro S.A.- Petrobras by 74.9% during the second quarter. Geneos Wealth Management Inc. now owns 2,438 shares of the oil and gas exploration company’s stock valued at $30,000 after buying an additional 1,044 shares in the last quarter.

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.