Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) have been assigned an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $18.24.

PBR has been the subject of several analyst reports. StockNews.com downgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a report on Monday. The Goldman Sachs Group boosted their target price on shares of Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ethos Financial Group LLC acquired a new position in shares of Petróleo Brasileiro S.A. – Petrobras during the 4th quarter valued at $25,000. Tandem Financial LLC acquired a new position in Petróleo Brasileiro S.A. – Petrobras during the fourth quarter worth about $39,000. Whipplewood Advisors LLC acquired a new position in Petróleo Brasileiro S.A. – Petrobras during the fourth quarter worth about $40,000. Ameliora Wealth Management Ltd. bought a new stake in Petróleo Brasileiro S.A. – Petrobras in the fourth quarter worth about $51,000. Finally, Kapitalo Investimentos Ltda lifted its holdings in Petróleo Brasileiro S.A. – Petrobras by 104.4% in the 4th quarter. Kapitalo Investimentos Ltda now owns 6,663 shares of the oil and gas exploration company’s stock valued at $86,000 after acquiring an additional 156,663 shares during the last quarter.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

NYSE:PBR traded down $0.20 during midday trading on Monday, reaching $13.15. 16,636,278 shares of the company traded hands, compared to its average volume of 14,677,269. The firm has a market capitalization of $84.74 billion, a price-to-earnings ratio of 5.14, a price-to-earnings-growth ratio of 0.18 and a beta of 1.40. The company has a fifty day moving average price of $13.74 and a 200 day moving average price of $14.13. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.94 and a quick ratio of 0.71. Petróleo Brasileiro S.A. – Petrobras has a twelve month low of $12.55 and a twelve month high of $17.44.

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.