PETROLEO BRASIL/ADR (NYSE:PBR) Upgraded at ValuEngine

ValuEngine upgraded shares of PETROLEO BRASIL/ADR (NYSE:PBR) from a hold rating to a buy rating in a report published on Friday, June 7th, ValuEngine reports.

Several other analysts have also recently weighed in on the company. UBS Group upgraded PETROLEO BRASIL/ADR from a neutral rating to a buy rating in a report on Tuesday, February 12th. HSBC upgraded PETROLEO BRASIL/ADR from a hold rating to a buy rating in a report on Thursday, March 14th. Credit Suisse Group upgraded PETROLEO BRASIL/ADR from a neutral rating to an outperform rating and boosted their price target for the stock from $15.00 to $21.00 in a report on Monday, April 8th. Finally, Zacks Investment Research upgraded PETROLEO BRASIL/ADR from a hold rating to a buy rating and set a $19.00 price target on the stock in a report on Monday, March 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $18.50.

Shares of NYSE PBR traded down $0.08 during mid-day trading on Friday, reaching $15.49. The company had a trading volume of 17,098,022 shares, compared to its average volume of 16,891,402. PETROLEO BRASIL/ADR has a one year low of $9.82 and a one year high of $17.90. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.86 and a current ratio of 1.15. The company has a 50-day moving average price of $14.98. The firm has a market cap of $101.55 billion, a price-to-earnings ratio of 10.83 and a beta of 1.48.

PETROLEO BRASIL/ADR (NYSE:PBR) last released its earnings results on Thursday, May 2nd. The oil and gas exploration company reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.06). PETROLEO BRASIL/ADR had a net margin of 6.50% and a return on equity of 10.35%. The business had revenue of $21.23 billion during the quarter, compared to the consensus estimate of $21.65 billion. Equities research analysts predict that PETROLEO BRASIL/ADR will post 1.29 EPS for the current fiscal year.

The company also recently announced a special dividend, which will be paid on Monday, July 15th. Stockholders of record on Thursday, May 23rd will be given a dividend of $0.0509 per share. This is a positive change from PETROLEO BRASIL/ADR’s previous special dividend of $0.03. The ex-dividend date is Wednesday, May 22nd. PETROLEO BRASIL/ADR’s dividend payout ratio is presently 10.49%.

Several large investors have recently modified their holdings of PBR. Lindbrook Capital LLC grew its stake in PETROLEO BRASIL/ADR by 72.2% in the 1st quarter. Lindbrook Capital LLC now owns 1,691 shares of the oil and gas exploration company’s stock valued at $26,000 after purchasing an additional 709 shares during the period. Larson Financial Group LLC purchased a new position in shares of PETROLEO BRASIL/ADR during the 4th quarter valued at $76,000. Advisory Services Network LLC lifted its position in shares of PETROLEO BRASIL/ADR by 190.4% during the 1st quarter. Advisory Services Network LLC now owns 4,951 shares of the oil and gas exploration company’s stock valued at $79,000 after buying an additional 3,246 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co purchased a new position in shares of PETROLEO BRASIL/ADR during the 1st quarter valued at $159,000. Finally, OLD National Bancorp IN purchased a new position in shares of PETROLEO BRASIL/ADR during the 1st quarter valued at $167,000. 7.23% of the stock is currently owned by institutional investors.

PETROLEO BRASIL/ADR Company Profile

Petróleo Brasileiro SA – Petrobras operates in the oil, natural gas, and energy industries in Brazil and internationally. 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 PETROLEO BRASIL/ADR (NYSE:PBR)

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