Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Stock Price Down 7.9% – Should You Sell?

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) dropped 7.9% on Thursday . The stock traded as low as $13.32 and last traded at $13.20. Approximately 16,752,597 shares traded hands during trading, an increase of 28% from the average daily volume of 13,074,086 shares. The stock had previously closed at $14.32.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised their price objective on Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $18.24.

Petróleo Brasileiro S.A. – Petrobras Price Performance

The stock has a market capitalization of $86.00 billion, a price-to-earnings ratio of 5.21, a P/E/G ratio of 0.18 and a beta of 1.40. The company has a fifty day simple moving average of $13.74 and a 200 day simple moving average of $14.15. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.94.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Ethos Financial Group LLC bought a new stake in Petróleo Brasileiro S.A. – Petrobras in the 4th quarter valued at about $25,000. Rosenberg Matthew Hamilton increased its holdings in Petróleo Brasileiro S.A. – Petrobras by 65.4% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 2,391 shares of the oil and gas exploration company’s stock worth $34,000 after purchasing an additional 945 shares in the last quarter. Tandem Financial LLC purchased a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the 4th quarter worth approximately $39,000. Whipplewood Advisors LLC purchased a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the 4th quarter worth approximately $40,000. Finally, Ameliora Wealth Management Ltd. purchased a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the 4th quarter worth approximately $51,000.

Petróleo 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.