PETROLEO BRASIL/ADR (NYSE:PBR) has been given a consensus recommendation of “Hold” by the six analysts that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $10.25.
Several brokerages have recently commented on PBR. Scotiabank boosted their price objective on PETROLEO BRASIL/ADR from $12.50 to $13.00 and gave the stock a “sector outperform” rating in a report on Wednesday, July 22nd. Bank of America lowered PETROLEO BRASIL/ADR from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $10.00 to $7.50 in a report on Thursday, May 14th. TheStreet lowered PETROLEO BRASIL/ADR from a “c” rating to a “d” rating in a report on Wednesday, June 10th. Finally, Raymond James lowered PETROLEO BRASIL/ADR from a “market perform” rating to an “underperform” rating in a report on Monday, May 18th.
Shares of NYSE PBR traded up $0.01 during mid-day trading on Tuesday, reaching $8.81. 26,056,133 shares of the company’s stock were exchanged, compared to its average volume of 17,549,680. The firm has a 50-day moving average price of $8.73 and a two-hundred day moving average price of $8.27. PETROLEO BRASIL/ADR has a 52 week low of $4.01 and a 52 week high of $16.84. The firm has a market capitalization of $57.46 billion, a price-to-earnings ratio of 7.47 and a beta of 1.85. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.40 and a quick ratio of 1.21.
PETROLEO BRASIL/ADR (NYSE:PBR) last issued its quarterly earnings data on Friday, July 31st. The oil and gas exploration company reported ($0.38) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.31) by ($0.07). PETROLEO BRASIL/ADR had a negative return on equity of 2.11% and a negative net margin of 8.89%. The business had revenue of $9.48 billion for the quarter, compared to analysts’ expectations of $10.11 billion. As a group, sell-side analysts forecast that PETROLEO BRASIL/ADR will post -0.58 EPS for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the business. Lindbrook Capital LLC purchased a new stake in PETROLEO BRASIL/ADR in the second quarter worth approximately $25,000. Harbor Investment Advisory LLC boosted its stake in shares of PETROLEO BRASIL/ADR by 60,262.5% during the first quarter. Harbor Investment Advisory LLC now owns 4,829 shares of the oil and gas exploration company’s stock valued at $27,000 after purchasing an additional 4,821 shares during the period. Telemetry Investments L.L.C. purchased a new stake in shares of PETROLEO BRASIL/ADR during the first quarter valued at approximately $66,000. Fox Run Management L.L.C. purchased a new stake in shares of PETROLEO BRASIL/ADR during the first quarter valued at approximately $70,000. Finally, Samalin Investment Counsel LLC boosted its stake in shares of PETROLEO BRASIL/ADR by 22.0% during the first quarter. Samalin Investment Counsel LLC now owns 13,557 shares of the oil and gas exploration company’s stock valued at $74,000 after purchasing an additional 2,442 shares during the period. 9.51% of the stock is 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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