Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) Price Target Raised to $23.00

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) had its price objective hoisted by UBS Group from $22.00 to $23.00 in a report issued on Wednesday,Benzinga reports. UBS Group currently has a buy rating on the oil and gas exploration company’s stock.

Several other research analysts also recently commented on the company. JPMorgan Chase & Co. lifted their target price on Petroleo Brasileiro S.A.- Petrobras from $23.00 to $24.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 1st. Zacks Research upgraded Petroleo Brasileiro S.A.- Petrobras from a “strong sell” rating to a “hold” rating in a research note on Monday, August 31st. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a report on Friday, August 7th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $21.16.

Petroleo Brasileiro S.A.- Petrobras Price Performance

Shares of NYSE PBR opened at $20.36 on Wednesday. The company has a quick ratio of 0.58, a current ratio of 0.85 and a debt-to-equity ratio of 0.64. The business’s 50 day moving average price is $19.36 and its two-hundred day moving average price is $19.20. The company has a market cap of $131.24 billion, a PE ratio of 5.14, a price-to-earnings-growth ratio of 0.82 and a beta of 0.32. Petroleo Brasileiro S.A.- Petrobras has a twelve month low of $11.43 and a twelve month high of $22.24.

Petroleo Brasileiro S.A.- Petrobras Announces Dividend

The business also recently declared a special dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Tuesday, August 25th will be issued a $0.2649 dividend. The ex-dividend date of this dividend is Tuesday, August 25th. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio is currently 10.86%.

Institutional Investors Weigh In On Petroleo Brasileiro S.A.- Petrobras

Several hedge funds have recently bought and sold shares of PBR. Ameritas Advisory Services LLC acquired a new position in shares of Petroleo Brasileiro S.A.- Petrobras in the second quarter valued at approximately $31,000. Clearstead Advisors LLC lifted its holdings in Petroleo Brasileiro S.A.- Petrobras by 273.4% during the 4th quarter. Clearstead Advisors LLC now owns 2,330 shares of the oil and gas exploration company’s stock worth $28,000 after purchasing an additional 1,706 shares during the last quarter. Ascentis Independent Advisors acquired a new stake in Petroleo Brasileiro S.A.- Petrobras during the 1st quarter worth approximately $51,000. Harbor Investment Advisory LLC bought a new stake in Petroleo Brasileiro S.A.- Petrobras in the 1st quarter valued at $54,000. Finally, Vestor Capital LLC bought a new stake in Petroleo Brasileiro S.A.- Petrobras in the 1st quarter valued at $119,000.

More Petroleo Brasileiro S.A.- Petrobras News

Here are the key news stories impacting Petroleo Brasileiro S.A.- Petrobras this week:

• Positive Sentiment: Petrobras signed a memorandum of understanding with Mozambique’s ENH to evaluate oil and gas opportunities and exchange technical expertise. The agreement could expand Petrobras’ international growth pipeline, although it does not yet represent a final investment decision. Petrobras Inks MoU With Mozambique’s ENH for Oil & Gas Cooperation
• Positive Sentiment: Analysts and value-focused research continue to highlight Petrobras’ investment case, supported by its low earnings multiple and potential for long-term cash generation. A UBS analyst also expects the stock to rise, providing a favorable signal for sentiment. Petrobras Stock Price Expected to Rise, UBS Group Analyst Says
• Neutral Sentiment: Petrobras may add Colombia’s Sirius offshore gas project to its 2027–2031 business plan if it receives environmental approval. The project could strengthen future gas production, but its inclusion and eventual contribution remain uncertain. Petrobras May Add Colombia Gas Project to 2027–2031 Business Plan
• Negative Sentiment: The stock declined while the overall market gained, indicating relative weakness and possible profit-taking after its earlier advance toward a 52-week high. The market-focused reports did not identify a new fundamental deterioration, so the move appears primarily technical or sentiment-driven. Petrobras Stock Sinks As Market Gains: Here’s Why

Petroleo Brasileiro S.A.- Petrobras Company Profile

Petroleo Brasileiro SA, commonly known as Petrobras, is a Brazilian state-controlled, integrated energy company engaged in the exploration, development, production, refining, transportation and marketing of oil and natural gas. The company also produces and sells fuels, lubricants, petrochemical products and other petroleum-derived products.

Petrobras is particularly known for its deepwater and ultra-deepwater operations, including large-scale development of Brazil’s offshore pre-salt oil fields.