Brokerages Set Petroleo Brasileiro S.A.- Petrobras (PBR) PT at $10.54

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) has earned a consensus recommendation of “Hold” from the eleven brokerages that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $10.54.

A number of research analysts recently issued reports on PBR shares. Deutsche Bank raised shares of Petroleo Brasileiro S.A.- Petrobras from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Credit Suisse Group reissued a “buy” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research note on Friday, September 15th. Zacks Investment Research raised shares of Petroleo Brasileiro S.A.- Petrobras from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 17th. ValuEngine cut shares of Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating in a research note on Tuesday, November 21st. Finally, Raymond James Financial reissued a “market perform” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research note on Wednesday, October 4th.

Shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) traded up $0.37 during trading hours on Monday, reaching $10.12. 18,498,983 shares of the company were exchanged, compared to its average volume of 18,423,551. The company has a market capitalization of $62,744.03, a PE ratio of 17.82 and a beta of 2.36. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.02 and a quick ratio of 1.66. Petroleo Brasileiro S.A.- Petrobras has a fifty-two week low of $7.61 and a fifty-two week high of $11.71.

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

Several hedge funds and other institutional investors have recently bought and sold shares of PBR. IHT Wealth Management LLC bought a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the second quarter worth $103,000. D.A. Davidson & CO. grew its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 276.6% during the second quarter. D.A. Davidson & CO. now owns 13,402 shares of the oil and gas exploration company’s stock worth $107,000 after buying an additional 9,843 shares during the last quarter. Oppenheimer & Co. Inc. grew its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 54.5% during the second quarter. Oppenheimer & Co. Inc. now owns 17,577 shares of the oil and gas exploration company’s stock worth $140,000 after buying an additional 6,200 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 11.6% during the second quarter. Van ECK Associates Corp now owns 18,684 shares of the oil and gas exploration company’s stock worth $149,000 after buying an additional 1,947 shares during the last quarter. Finally, Friedberg Investment Management bought a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the second quarter worth $164,000. 5.54% of the stock is currently owned by hedge funds and other institutional investors.

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