Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Stock Rating Lowered by HSBC

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) was downgraded by research analysts at HSBC from a “buy” rating to a “hold” rating in a research report issued on Monday, Briefing.com reports.

A number of other research firms also recently issued reports on PBR. Morgan Stanley upgraded shares of Petróleo Brasileiro S.A. – Petrobras from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $18.00 to $20.00 in a research report on Monday, August 26th. Bank of America upgraded Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to a “buy” rating and lifted their price target for the company from $16.80 to $17.90 in a research note on Thursday, June 27th. JPMorgan Chase & Co. upgraded Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $16.50 to $19.00 in a research report on Wednesday, September 25th. UBS Group cut their price objective on Petróleo Brasileiro S.A. – Petrobras from $19.40 to $18.10 and set a “buy” rating for the company in a research report on Monday, August 19th. Finally, The Goldman Sachs Group decreased their target price on Petróleo Brasileiro S.A. – Petrobras from $19.30 to $16.70 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $18.20.

Petróleo Brasileiro S.A. – Petrobras Stock Up 0.3 %

Shares of PBR stock opened at $14.20 on Monday. The company’s 50 day moving average is $14.83 and its 200 day moving average is $15.07. Petróleo Brasileiro S.A. – Petrobras has a 52-week low of $12.90 and a 52-week high of $17.91. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.90 and a quick ratio of 0.67.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) last released its earnings results on Thursday, August 8th. The oil and gas exploration company reported $0.47 EPS for the quarter, hitting analysts’ consensus estimates of $0.47. Petróleo Brasileiro S.A. – Petrobras had a net margin of 16.17% and a return on equity of 28.42%. The company had revenue of $23.47 billion during the quarter, compared to analysts’ expectations of $24.22 billion. As a group, analysts predict that Petróleo Brasileiro S.A. – Petrobras will post 2.4 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Petróleo Brasileiro S.A. – Petrobras

Several large investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC raised its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 460.2% during the first quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the oil and gas exploration company’s stock valued at $27,000 after purchasing an additional 1,468 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in shares of Petróleo Brasileiro S.A. – Petrobras in the second quarter worth $30,000. ORG Partners LLC grew its holdings in Petróleo Brasileiro S.A. – Petrobras by 396.0% during the 3rd quarter. ORG Partners LLC now owns 2,103 shares of the oil and gas exploration company’s stock worth $30,000 after acquiring an additional 1,679 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Petróleo Brasileiro S.A. – Petrobras during the 2nd quarter worth $32,000. Finally, Nisa Investment Advisors LLC bought a new stake in shares of Petróleo Brasileiro S.A. – Petrobras in the 2nd quarter worth about $35,000.

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.