Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Receives $16.86 Consensus Target Price from Analysts

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) has earned a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $17.33.

PBR has been the topic of a number of recent analyst reports. Jefferies Financial Group lowered shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating and reduced their price target for the company from $21.20 to $17.70 in a research report on Wednesday, May 15th. Bank of America raised Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to a “buy” rating and boosted their target price for the company from $16.80 to $17.90 in a research note on Thursday, June 27th.

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

A number of institutional investors have recently made changes to their positions in the business. Quantbot Technologies LP boosted its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 35.1% during the 2nd quarter. Quantbot Technologies LP now owns 246,178 shares of the oil and gas exploration company’s stock valued at $3,567,000 after buying an additional 63,910 shares in the last quarter. Poehling Capital Management INC. boosted its holdings in Petróleo Brasileiro S.A. – Petrobras by 8.0% in the 2nd quarter. Poehling Capital Management INC. now owns 173,665 shares of the oil and gas exploration company’s stock worth $2,516,000 after buying an additional 12,799 shares during the period. Retirement Planning Co of New England Inc. lifted its holdings in Petróleo Brasileiro S.A. – Petrobras by 6.5% in the 2nd quarter. Retirement Planning Co of New England Inc. now owns 23,023 shares of the oil and gas exploration company’s stock worth $334,000 after purchasing an additional 1,410 shares in the last quarter. D Orazio & Associates Inc. lifted its stake in Petróleo Brasileiro S.A. – Petrobras by 9.7% in the 2nd quarter. D Orazio & Associates Inc. now owns 15,803 shares of the oil and gas exploration company’s stock worth $229,000 after purchasing an additional 1,396 shares in the last quarter. Finally, Choreo LLC purchased a new stake in shares of Petróleo Brasileiro S.A. – Petrobras during the 2nd quarter worth approximately $198,000.

Petróleo Brasileiro S.A. – Petrobras Stock Up 0.2 %

PBR opened at $14.22 on Monday. The company has a market capitalization of $92.71 billion, a PE ratio of 4.13, a P/E/G ratio of 0.15 and a beta of 1.41. Petróleo Brasileiro S.A. – Petrobras has a one year low of $12.90 and a one year high of $17.91. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.81 and a current ratio of 1.08. The stock’s fifty day moving average is $14.47 and its 200-day moving average is $15.59.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) last announced its quarterly earnings data on Monday, May 13th. The oil and gas exploration company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.09). The firm had revenue of $23.77 billion for the quarter, compared to analysts’ expectations of $24.63 billion. Petróleo Brasileiro S.A. – Petrobras had a return on equity of 31.07% and a net margin of 22.46%. During the same quarter in the prior year, the business posted $1.11 earnings per share. On average, equities analysts predict that Petróleo Brasileiro S.A. – Petrobras will post 3.36 EPS for the current fiscal year.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The company also recently disclosed a Variable dividend, which will be paid on Friday, September 27th. Investors of record on Thursday, June 13th will be paid a dividend of $0.0288 per share. The ex-dividend date is Thursday, June 13th. This represents a yield of 16%. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio is currently 26.16%.

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 Exploration and Production; Refining, Transportation and Marketing; and Gas and Power. It also engages in prospecting, drilling, refining, processing, trading, and transporting crude oil from producing onshore and offshore oil fields, and shale or other rocks, as well as oil products, natural gas, and other liquid hydrocarbons.