ValuEngine upgraded shares of Petroleo Brasileiro SA Petrobras (NYSE:PBR) from a buy rating to a strong-buy rating in a research report released on Monday.
Several other analysts have also issued reports on the stock. Credit Suisse Group restated a hold rating and issued a $15.00 price objective on shares of Petroleo Brasileiro SA Petrobras in a report on Monday, March 12th. Zacks Investment Research lowered shares of Petroleo Brasileiro SA Petrobras from a buy rating to a hold rating in a report on Monday, February 5th. Goldman Sachs upgraded shares of Petroleo Brasileiro SA Petrobras from a sell rating to a neutral rating in a report on Thursday, February 1st. Finally, HSBC lowered shares of Petroleo Brasileiro SA Petrobras from a buy rating to a hold rating in a report on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $12.00.
Shares of PBR opened at $13.95 on Monday. The stock has a market capitalization of $89,159.14, a P/E ratio of 19.47 and a beta of 2.42. Petroleo Brasileiro SA Petrobras has a 12-month low of $7.61 and a 12-month high of $14.93. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.55 and a current ratio of 1.89.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Flow Traders U.S. LLC acquired a new position in Petroleo Brasileiro SA Petrobras in the 4th quarter valued at about $109,000. HRT Financial LLC grew its position in Petroleo Brasileiro SA Petrobras by 99.0% in the 4th quarter. HRT Financial LLC now owns 25,308 shares of the oil and gas exploration company’s stock valued at $260,000 after acquiring an additional 12,593 shares in the last quarter. Bamco Inc. NY acquired a new position in Petroleo Brasileiro SA Petrobras in the 4th quarter valued at about $49,600,000. Maverick Capital Ltd. acquired a new position in Petroleo Brasileiro SA Petrobras in the 4th quarter valued at about $5,576,000. Finally, Capital Growth Management LP acquired a new position in Petroleo Brasileiro SA Petrobras in the 4th quarter valued at about $66,885,000. 6.08% of the stock is owned by institutional investors.
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About Petroleo Brasileiro SA Petrobras
Petroleo Brasileiro SA-Petrobras specializes in the oil, natural gas and energy industry. The Company is engaged in prospecting, drilling, refining, processing, trading and transporting crude oil from producing onshore and offshore oil fields and from shale or other rocks. Its segments include Exploration and Production, which covers the activities of exploration, development and production of crude oil, natural gas liquid and natural gas; Refining, Transportation and Marketing, which covers the refining, logistics, transport and trading of crude oil and oil products activities, exporting of ethanol, and extraction and processing of shale; Gas and Power, which is engaged in transportation and trading of natural gas produced in Brazil and imported natural gas; Biofuels, which covers the activities of production of biodiesel and its co-products, and ethanol-related activities; Distribution, which includes the activities of its subsidiary Petrobras Distribuidora SA, and Corporate.
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