Brokerages Set Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) PT at $14.26

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBRGet Rating) has been given an average rating of “Hold” by the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $14.26.

A number of research analysts have issued reports on PBR shares. Itaú Unibanco cut Petróleo Brasileiro S.A. – Petrobras to a “market perform” rating and set a $14.50 target price on the stock. in a research report on Tuesday, August 30th. Itau BBA Securities cut Petróleo Brasileiro S.A. – Petrobras from an “outperform” rating to a “market perform” rating and set a $14.50 price target on the stock. in a report on Tuesday, August 30th. JPMorgan Chase & Co. cut Petróleo Brasileiro S.A. – Petrobras from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $20.00 to $14.00 in a report on Monday, October 31st. Credit Suisse Group cut Petróleo Brasileiro S.A. – Petrobras from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $20.00 to $16.00 in a report on Monday, October 17th. Finally, The Goldman Sachs Group cut Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $13.60 to $12.30 in a report on Friday, November 4th.

Petróleo Brasileiro S.A. – Petrobras Price Performance

Petróleo Brasileiro S.A. – Petrobras stock traded down $0.27 during midday trading on Friday, reaching $11.08. The company’s stock had a trading volume of 457,675 shares, compared to its average volume of 33,661,105. Petróleo Brasileiro S.A. – Petrobras has a 52 week low of $9.58 and a 52 week high of $16.32. The company has a current ratio of 1.17, a quick ratio of 0.78 and a debt-to-equity ratio of 0.66. The business has a 50-day moving average price of $13.20 and a 200-day moving average price of $13.30. The stock has a market cap of $72.26 billion, a PE ratio of 2.18, a price-to-earnings-growth ratio of 1.08 and a beta of 1.43.

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

Several institutional investors have recently bought and sold shares of PBR. GQG Partners LLC grew its holdings in Petróleo Brasileiro S.A. – Petrobras by 8.4% during the second quarter. GQG Partners LLC now owns 210,558,037 shares of the oil and gas exploration company’s stock worth $2,460,368,000 after buying an additional 16,321,722 shares in the last quarter. Two Sigma Investments LP bought a new position in Petróleo Brasileiro S.A. – Petrobras in the 3rd quarter valued at $161,666,000. Thornburg Investment Management Inc. grew its stake in Petróleo Brasileiro S.A. – Petrobras by 369.9% in the 2nd quarter. Thornburg Investment Management Inc. now owns 7,999,822 shares of the oil and gas exploration company’s stock valued at $93,438,000 after purchasing an additional 6,297,402 shares during the period. Two Sigma Advisers LP grew its stake in Petróleo Brasileiro S.A. – Petrobras by 139.2% in the 3rd quarter. Two Sigma Advisers LP now owns 10,808,100 shares of the oil and gas exploration company’s stock valued at $133,372,000 after purchasing an additional 6,289,700 shares during the period. Finally, Mondrian Investment Partners LTD bought a new position in Petróleo Brasileiro S.A. – Petrobras in the 3rd quarter valued at $62,277,000. Institutional investors own 11.74% of the company’s stock.

Petróleo Brasileiro S.A. – Petrobras Company Profile

(Get Rating)

Petróleo Brasileiro SA – Petrobras explores for, produces, and sells oil and gas in Brazil and internationally. The company operates through Exploration and Production; Refining, Transportation and Marketing; Gas and Power; and Corporate and Other Businesses segments. It 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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Analyst Recommendations for Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR)

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