PETROLEO BRASIL/ADR (PBR) Raised to Hold at ValuEngine

PETROLEO BRASIL/ADR (NYSE:PBR) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a report released on Thursday.

A number of other research firms have also weighed in on PBR. Societe Generale lifted their price objective on shares of PETROLEO BRASIL/ADR from $11.00 to $13.50 and gave the company a “hold” rating in a research report on Wednesday, August 8th. Santander lowered shares of PETROLEO BRASIL/ADR from a “buy” rating to a “hold” rating in a research report on Wednesday, May 30th. Zacks Investment Research upgraded shares of PETROLEO BRASIL/ADR from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a research report on Wednesday, July 25th. Credit Suisse Group set a $15.00 price objective on shares of PETROLEO BRASIL/ADR and gave the company a “hold” rating in a research report on Monday, June 4th. Finally, Barclays upgraded shares of PETROLEO BRASIL/ADR from an “underweight” rating to an “overweight” rating and set a $14.00 price objective on the stock in a research report on Wednesday, July 11th. Eleven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $13.80.

NYSE:PBR opened at $11.65 on Thursday. PETROLEO BRASIL/ADR has a 1-year low of $9.02 and a 1-year high of $17.20. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.28 and a current ratio of 1.70. The firm has a market capitalization of $74.29 billion, a P/E ratio of 16.64 and a beta of 2.42.

PETROLEO BRASIL/ADR (NYSE:PBR) last posted its quarterly earnings data on Friday, August 3rd. The oil and gas exploration company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.13. PETROLEO BRASIL/ADR had a net margin of 3.60% and a return on equity of 7.89%. The firm had revenue of $23.41 billion for the quarter, compared to analyst estimates of $26.26 billion. analysts forecast that PETROLEO BRASIL/ADR will post 1.64 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the business. Brave Asset Management Inc. acquired a new stake in PETROLEO BRASIL/ADR in the second quarter valued at $102,000. Marathon Trading Investment Management LLC acquired a new stake in PETROLEO BRASIL/ADR in the second quarter valued at $107,000. Greenleaf Trust acquired a new stake in PETROLEO BRASIL/ADR in the second quarter valued at $112,000. Verition Fund Management LLC acquired a new stake in PETROLEO BRASIL/ADR in the second quarter valued at $122,000. Finally, Parallel Advisors LLC lifted its holdings in PETROLEO BRASIL/ADR by 4,501.5% in the second quarter. Parallel Advisors LLC now owns 12,562 shares of the oil and gas exploration company’s stock valued at $125,000 after acquiring an additional 12,289 shares during the period. 6.61% of the stock is owned by institutional investors.

PETROLEO BRASIL/ADR Company Profile

Petróleo Brasileiro SA – Petrobras operates in the oil, natural gas, and energy industries. The company's Exploration and Production segment engages in the exploration, development, and production of crude oil, natural gas liquids, and natural gas; and sale of surplus crude oil and oil products produced in the natural gas processing plants to the domestic and international markets.

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Analyst Recommendations for PETROLEO BRASIL/ADR (NYSE:PBR)

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