Shares of PETROLEO BRASIL/ADR (NYSE:PBR) have been assigned a consensus rating of “Buy” from the nine brokerages that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $20.50.
Separately, ValuEngine lowered PETROLEO BRASIL/ADR from a “buy” rating to a “hold” rating in a research note on Thursday.
NYSE:PBR traded down $0.34 during mid-day trading on Monday, reaching $15.10. The company’s stock had a trading volume of 12,656,200 shares, compared to its average volume of 16,513,566. The company’s fifty day simple moving average is $15.08 and its two-hundred day simple moving average is $14.88. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.10 and a quick ratio of 0.87. PETROLEO BRASIL/ADR has a twelve month low of $11.89 and a twelve month high of $17.90. The stock has a market cap of $99.44 billion, a P/E ratio of 10.56 and a beta of 1.45.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in PBR. Lindbrook Capital LLC lifted its stake in shares of PETROLEO BRASIL/ADR by 91.5% in the 3rd quarter. Lindbrook Capital LLC now owns 2,581 shares of the oil and gas exploration company’s stock valued at $37,000 after purchasing an additional 1,233 shares in the last quarter. KCS Wealth Advisory acquired a new position in shares of PETROLEO BRASIL/ADR in the 3rd quarter valued at about $83,000. Westwood Holdings Group Inc. acquired a new position in shares of PETROLEO BRASIL/ADR in the 2nd quarter valued at about $133,000. Corient Capital Partners LLC acquired a new position in shares of PETROLEO BRASIL/ADR in the 2nd quarter valued at about $159,000. Finally, OLD National Bancorp IN lifted its stake in shares of PETROLEO BRASIL/ADR by 14.1% in the 2nd quarter. OLD National Bancorp IN now owns 11,940 shares of the oil and gas exploration company’s stock valued at $186,000 after purchasing an additional 1,479 shares in the last quarter. 7.52% of the stock is currently owned by institutional investors and hedge funds.
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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