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

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

Several other equities analysts also recently commented on the company. StockNews.com downgraded Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a report on Monday. The Goldman Sachs Group increased their price target 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 six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $17.81.

Petróleo Brasileiro S.A. – Petrobras Price Performance

Shares of PBR opened at $12.95 on Wednesday. The firm has a market cap of $83.42 billion, a PE ratio of 5.06, a PEG ratio of 0.18 and a beta of 1.39. The firm’s 50 day moving average price is $13.74 and its 200 day moving average price is $14.11. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.94. Petróleo Brasileiro S.A. – Petrobras has a twelve month low of $12.55 and a twelve month high of $17.44.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Ethos Financial Group LLC acquired a new stake in shares of Petróleo Brasileiro S.A. – Petrobras in the fourth quarter worth $25,000. Tandem Financial LLC acquired a new stake in shares of Petróleo Brasileiro S.A. – Petrobras in the fourth quarter worth $39,000. Whipplewood Advisors LLC acquired a new stake in shares of Petróleo Brasileiro S.A. – Petrobras in the fourth quarter worth $40,000. Ameliora Wealth Management Ltd. acquired a new stake in shares of Petróleo Brasileiro S.A. – Petrobras in the fourth quarter worth $51,000. Finally, Kapitalo Investimentos Ltda grew its stake 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 worth $86,000 after acquiring an additional 156,663 shares during the last quarter.

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.