Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Upgraded at HSBC

HSBC upgraded shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) from a hold rating to a buy rating in a report issued on Wednesday morning, MarketBeat.com reports. They currently have $15.00 target price on the oil and gas exploration company’s stock.

A number of other research firms also recently weighed in on PBR. The Goldman Sachs Group lifted their price target on shares of Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. StockNews.com cut Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a report on Monday. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $17.81.

Petróleo Brasileiro S.A. – Petrobras Stock Down 0.1 %

PBR opened at $12.95 on Wednesday. Petróleo Brasileiro S.A. – Petrobras has a fifty-two week low of $12.55 and a fifty-two week high of $17.44. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.94 and a quick ratio of 0.71. The firm’s fifty day moving average price is $13.74 and its two-hundred day moving average price is $14.11. The company has a market capitalization of $83.42 billion, a P/E ratio of 5.06, a P/E/G ratio of 0.18 and a beta of 1.39.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in PBR. Ethos Financial Group LLC bought a new position in shares of Petróleo Brasileiro S.A. – Petrobras during the fourth quarter valued at $25,000. Tandem Financial LLC bought a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the fourth quarter valued at about $39,000. Whipplewood Advisors LLC bought a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the fourth quarter valued at about $40,000. Ameliora Wealth Management Ltd. bought a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the fourth quarter valued at about $51,000. Finally, Kapitalo Investimentos Ltda raised its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 104.4% in the fourth quarter. Kapitalo Investimentos Ltda now owns 6,663 shares of the oil and gas exploration company’s stock valued at $86,000 after buying an additional 156,663 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.