Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Cut to Hold at StockNews.com

StockNews.com cut shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) from a buy rating to a hold rating in a research note issued to investors on Monday.

Separately, The Goldman Sachs Group upped their price objective on shares of Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.24.

Petróleo Brasileiro S.A. – Petrobras Stock Down 1.5 %

Shares of PBR opened at $13.15 on Monday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.94 and a quick ratio of 0.71. Petróleo Brasileiro S.A. – Petrobras has a one year low of $12.55 and a one year high of $17.44. The company has a market cap of $84.74 billion, a P/E ratio of 5.14, a P/E/G ratio of 0.18 and a beta of 1.40. The firm has a 50 day simple moving average of $13.74 and a two-hundred day simple moving average of $14.13.

Institutional Investors Weigh In On Petróleo Brasileiro S.A. – Petrobras

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Ethos Financial Group LLC acquired a new position in Petróleo Brasileiro S.A. – Petrobras in the fourth quarter valued at $25,000. Tandem Financial LLC acquired a new position in Petróleo Brasileiro S.A. – Petrobras during the 4th quarter valued at about $39,000. Whipplewood Advisors LLC bought a new stake in Petróleo Brasileiro S.A. – Petrobras during the fourth quarter worth $40,000. Ameliora Wealth Management Ltd. bought a new stake in shares of Petróleo Brasileiro S.A. – Petrobras in the 4th quarter worth $51,000. Finally, Kapitalo Investimentos Ltda increased its stake in Petróleo Brasileiro S.A. – Petrobras by 104.4% in the 4th quarter. Kapitalo Investimentos Ltda now owns 6,663 shares of the oil and gas exploration company’s stock valued at $86,000 after buying an additional 156,663 shares during the last quarter.

Petróleo Brasileiro S.A. – Petrobras Company Profile

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.