Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) have been given a consensus recommendation of “Moderate Buy” by the eight analysts that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $18.24.

A number of analysts have commented on PBR shares. StockNews.com lowered shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research note on Monday. The Goldman Sachs Group upped their price target on shares of Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th.

Institutional Trading of Petróleo Brasileiro S.A. – Petrobras

Institutional investors have recently made changes to their positions in the stock. Ethos Financial Group LLC purchased a new stake in Petróleo Brasileiro S.A. – Petrobras in the 4th quarter worth approximately $25,000. Tandem Financial LLC acquired a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the fourth quarter worth $39,000. Whipplewood Advisors LLC purchased a new stake in shares of Petróleo Brasileiro S.A. – Petrobras during the fourth quarter worth $40,000. Ameliora Wealth Management Ltd. acquired a new stake in Petróleo Brasileiro S.A. – Petrobras during the fourth quarter valued at $51,000. Finally, Sunbelt Securities Inc. grew its stake in Petróleo Brasileiro S.A. – Petrobras by 497.5% in the third quarter. Sunbelt Securities Inc. now owns 6,005 shares of the oil and gas exploration company’s stock valued at $87,000 after purchasing an additional 5,000 shares in the last quarter.

Petróleo Brasileiro S.A. – Petrobras Trading Down 1.5 %

Shares of NYSE PBR traded down $0.20 during mid-day trading on Monday, hitting $13.15. 16,636,278 shares of the company traded hands, compared to its average volume of 14,677,269. The company has a quick ratio of 0.71, a current ratio of 0.94 and a debt-to-equity ratio of 0.65. Petróleo Brasileiro S.A. – Petrobras has a 1 year low of $12.55 and a 1 year high of $17.44. The stock has a market capitalization of $84.74 billion, a price-to-earnings ratio of 5.14, a PEG ratio of 0.18 and a beta of 1.40. The business has a 50 day moving average of $13.74 and a two-hundred day moving average of $14.13.

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.