Petróleo Brasileiro S.A. – Petrobras (PBR) To Go Ex-Dividend on December 27th

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) announced a Variable dividend on Friday, November 8th,Zacks Dividends reports. Shareholders of record on Friday, December 27th will be given a dividend of 0.227 per share by the oil and gas exploration company on Thursday, March 27th. This represents a yield of 16.3%. The ex-dividend date of this dividend is Friday, December 27th. This is a boost from Petróleo Brasileiro S.A. – Petrobras’s previous Variable dividend of $0.17.

Petróleo Brasileiro S.A. – Petrobras has raised its dividend payment by an average of 46.8% annually over the last three years.

Petróleo Brasileiro S.A. – Petrobras Price Performance

NYSE PBR traded up $0.10 during trading hours on Wednesday, reaching $13.03. The company’s stock had a trading volume of 5,292,318 shares, compared to its average volume of 17,477,982. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.94. The company’s 50-day moving average is $13.86 and its two-hundred day moving average is $14.36. Petróleo Brasileiro S.A. – Petrobras has a fifty-two week low of $12.77 and a fifty-two week high of $17.91. The stock has a market cap of $84.98 billion, a PE ratio of 5.09, a PEG ratio of 0.22 and a beta of 1.41.

Analysts Set New Price Targets

Several brokerages recently issued reports on PBR. Hsbc Global Res downgraded Petróleo Brasileiro S.A. – Petrobras from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 21st. JPMorgan Chase & Co. upgraded Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $16.50 to $19.00 in a research report on Wednesday, September 25th. The Goldman Sachs Group increased their price objective on Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Finally, HSBC downgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research note on Monday, October 21st. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Petróleo Brasileiro S.A. – Petrobras presently has a consensus rating of “Moderate Buy” and an average target price of $18.24.

About Petróleo Brasileiro S.A. – Petrobras

Petróleo Brasileiro SA – Petrobras explores, produces, and sells oil and gas in Brazil and internationally. The company operates through three segments: Exploration and Production; Refining, Transportation and Marketing; and Gas and Power. The Exploration and Production segment explores, develops, and produces crude oil, natural gas liquids, and natural gas primarily for supplies to the domestic refineries.