Petróleo Brasileiro S.A. – Petrobras Declares — Dividend of $0.53 (NYSE:PBR)

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) announced a — dividend on Friday, November 22nd,NASDAQ Dividends reports. Stockholders of record on Friday, December 13th will be given a dividend of 0.5338 per share by the oil and gas exploration company on Friday, January 3rd. This represents a dividend yield of 18.8%. The ex-dividend date of this dividend is Friday, December 13th.

Petróleo Brasileiro S.A. – Petrobras has increased its dividend payment by an average of 46.8% per year over the last three years.

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

PBR traded up $0.05 during trading on Wednesday, reaching $14.38. The company had a trading volume of 4,947,222 shares, compared to its average volume of 17,496,686. The company has a quick ratio of 0.71, a current ratio of 0.94 and a debt-to-equity ratio of 0.65. The business has a 50 day simple moving average of $14.16 and a 200-day simple moving average of $14.49. The stock has a market cap of $93.79 billion, a P/E ratio of 5.59, a PEG ratio of 0.22 and a beta of 1.41. Petróleo Brasileiro S.A. – Petrobras has a 52 week low of $12.90 and a 52 week high of $17.91.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on PBR shares. Morgan Stanley upgraded 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. JPMorgan Chase & Co. raised Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $16.50 to $19.00 in a research report on Wednesday, September 25th. HSBC downgraded Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research report on Monday, October 21st. The Goldman Sachs Group raised their price target on shares of Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Finally, Hsbc Global Res cut shares of Petróleo Brasileiro S.A. – Petrobras from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 21st. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Petróleo Brasileiro S.A. – Petrobras has a consensus rating of “Moderate Buy” and a consensus target price of $18.24.

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.