Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Upgraded to “Strong-Buy” at Hsbc Global Res

Hsbc Global Res upgraded shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) from a hold rating to a strong-buy rating in a research report released on Wednesday morning,Zacks.com reports.

Other research analysts have also recently issued research reports about the stock. StockNews.com cut shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a report on Monday. The Goldman Sachs Group upped 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 report on Tuesday, November 12th. Finally, HSBC upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Wednesday. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $17.81.

Petróleo Brasileiro S.A. – Petrobras Trading Down 0.1 %

Shares of NYSE:PBR opened at $12.95 on Wednesday. The company’s 50 day moving average is $13.74 and its two-hundred day moving average is $14.11. Petróleo Brasileiro S.A. – Petrobras has a 52 week low of $12.55 and a 52 week high of $17.44. The company has a current ratio of 0.94, a quick ratio of 0.71 and a debt-to-equity ratio of 0.65. The company has a market cap of $83.42 billion, a PE ratio of 5.06, a P/E/G ratio of 0.18 and a beta of 1.39.

Institutional Trading of Petróleo Brasileiro S.A. – Petrobras

A number of large investors have recently bought and sold shares of PBR. Dodge & Cox raised its position in Petróleo Brasileiro S.A. – Petrobras by 4.8% during the 4th quarter. Dodge & Cox now owns 17,300 shares of the oil and gas exploration company’s stock worth $222,000 after buying an additional 800 shares during the last quarter. Sonora Investment Management Group LLC raised its position in Petróleo Brasileiro S.A. – Petrobras by 6.2% during the 4th quarter. Sonora Investment Management Group LLC now owns 17,070 shares of the oil and gas exploration company’s stock worth $220,000 after buying an additional 1,000 shares during the last quarter. Ascent Group LLC raised its position in Petróleo Brasileiro S.A. – Petrobras by 8.2% during the 3rd quarter. Ascent Group LLC now owns 13,722 shares of the oil and gas exploration company’s stock worth $198,000 after buying an additional 1,044 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in Petróleo Brasileiro S.A. – Petrobras by 5.2% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 23,536 shares of the oil and gas exploration company’s stock worth $303,000 after buying an additional 1,164 shares during the last quarter. Finally, Samalin Investment Counsel LLC raised its position in Petróleo Brasileiro S.A. – Petrobras by 9.8% during the 4th quarter. Samalin Investment Counsel LLC now owns 14,194 shares of the oil and gas exploration company’s stock worth $183,000 after buying an additional 1,269 shares during the last quarter.

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.