Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR – Get Free Report) 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.
Check Out Our Latest Report on Petróleo Brasileiro S.A. – Petrobras
Institutional Investors Weigh In On Petróleo Brasileiro S.A. – Petrobras
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 – Get Free Report) 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.
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