Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) Raised to “Buy” at Wall Street Zen

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Sunday.

Other equities analysts also recently issued reports about the stock. UBS Group boosted their target price on shares of Petroleo Brasileiro S.A.- Petrobras from $14.40 to $14.60 and gave the stock a “buy” rating in a report on Wednesday, January 14th. Jefferies Financial Group cut shares of Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating and lowered their price target for the company from $20.30 to $19.00 in a report on Friday, March 13th. The Goldman Sachs Group lifted their price objective on shares of Petroleo Brasileiro S.A.- Petrobras from $13.10 to $15.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research note on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Petroleo Brasileiro S.A.- Petrobras currently has a consensus rating of “Hold” and an average target price of $16.20.

Petroleo Brasileiro S.A.- Petrobras Trading Up 2.6%

Shares of NYSE PBR opened at $19.29 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.71 and a quick ratio of 0.48. The stock has a market capitalization of $124.29 billion, a P/E ratio of 6.34, a price-to-earnings-growth ratio of 0.19 and a beta of 0.51. Petroleo Brasileiro S.A.- Petrobras has a 1-year low of $11.03 and a 1-year high of $20.28. The business has a fifty day moving average price of $15.98 and a 200 day moving average price of $13.58.

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

Several institutional investors have recently added to or reduced their stakes in the business. GHP Investment Advisors Inc. purchased a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the fourth quarter worth about $26,000. Clearstead Advisors LLC raised its position in shares of Petroleo Brasileiro S.A.- Petrobras by 273.4% in the 4th quarter. Clearstead Advisors LLC now owns 2,330 shares of the oil and gas exploration company’s stock valued at $28,000 after purchasing an additional 1,706 shares during the last quarter. Geneos Wealth Management Inc. raised its position in shares of Petroleo Brasileiro S.A.- Petrobras by 74.9% in the 2nd quarter. Geneos Wealth Management Inc. now owns 2,438 shares of the oil and gas exploration company’s stock valued at $30,000 after purchasing an additional 1,044 shares during the last quarter. Bayforest Capital Ltd acquired a new stake in Petroleo Brasileiro S.A.- Petrobras in the 4th quarter worth approximately $39,000. Finally, BNP Paribas boosted its stake in Petroleo Brasileiro S.A.- Petrobras by 241.9% in the 3rd quarter. BNP Paribas now owns 4,240 shares of the oil and gas exploration company’s stock worth $54,000 after purchasing an additional 3,000 shares in the last quarter.

Petroleo Brasileiro S.A.- Petrobras Company Profile

Petro?leo Brasileiro SA – Petrobras is a Brazilian, state-controlled integrated oil and gas company headquartered in Rio de Janeiro. Founded in 1953, Petrobras is principally engaged in the exploration and production of crude oil and natural gas, and operates across the full value chain from upstream activities through refining, transportation and downstream marketing of petroleum products. The company is a major player in Brazil’s energy sector and is a listed public company with global capital market presence.

Petrobras’s core activities include deepwater and ultra-deepwater exploration and production, where it has been a pioneer in developing pre-salt reserves off Brazil’s coast.