Petroleo Brasileiro S.A.- Petrobras (PBR) Given Average Recommendation of “Hold” by Brokerages

Shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) have received an average recommendation of “Hold” from the eleven ratings firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $10.54.

Several analysts recently commented on the company. Raymond James Financial restated a “market perform” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research report on Wednesday, October 4th. Barclays restated an “underweight” rating and issued a $8.00 target price on shares of Petroleo Brasileiro S.A.- Petrobras in a research report on Wednesday, October 4th. Societe Generale cut Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating and raised their target price for the company from $10.51 to $11.00 in a research report on Wednesday, October 18th. Zacks Investment Research upgraded Petroleo Brasileiro S.A.- Petrobras from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 17th. Finally, Credit Suisse Group restated a “buy” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research report on Friday, September 15th.

Petroleo Brasileiro S.A.- Petrobras (NYSE PBR) traded up $0.18 on Monday, reaching $9.61. The company had a trading volume of 13,941,363 shares, compared to its average volume of 18,493,281. Petroleo Brasileiro S.A.- Petrobras has a 12-month low of $7.61 and a 12-month high of $11.71. The company has a current ratio of 2.02, a quick ratio of 1.66 and a debt-to-equity ratio of 1.27. The firm has a market cap of $61,504.80, a PE ratio of 17.46 and a beta of 2.36.

In other Petroleo Brasileiro S.A.- Petrobras news, Director Christopher Geoffrey Hampson sold 250,000 shares of the stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $0.18, for a total transaction of $45,000.00.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Point72 Asset Management L.P. bought a new position in Petroleo Brasileiro S.A.- Petrobras during the 3rd quarter valued at $6,239,000. Janus Henderson Group PLC boosted its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 0.3% during the 3rd quarter. Janus Henderson Group PLC now owns 5,598,345 shares of the oil and gas exploration company’s stock worth $56,207,000 after acquiring an additional 17,898 shares in the last quarter. Glovista Investments LLC bought a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the 3rd quarter worth $2,646,000. Private Advisor Group LLC boosted its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 50.2% during the 3rd quarter. Private Advisor Group LLC now owns 29,488 shares of the oil and gas exploration company’s stock worth $303,000 after acquiring an additional 9,862 shares in the last quarter. Finally, Thornburg Investment Management Inc. boosted its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 24.5% during the 3rd quarter. Thornburg Investment Management Inc. now owns 2,020,443 shares of the oil and gas exploration company’s stock worth $20,285,000 after acquiring an additional 397,390 shares in the last quarter. 5.59% of the stock is owned by hedge funds and other institutional investors.

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