PETROLEO BRASIL/ADR (PBR) Lifted to “Buy” at HSBC

HSBC upgraded shares of PETROLEO BRASIL/ADR (NYSE:PBR) from a hold rating to a buy rating in a report issued on Thursday, MarketBeat Ratings reports.

Several other analysts have also recently commented on the company. Barclays cut PETROLEO BRASIL/ADR from an overweight rating to an underweight rating and set a $17.00 price target for the company. in a report on Thursday, January 10th. UBS Group upgraded PETROLEO BRASIL/ADR from a neutral rating to a buy rating in a report on Tuesday, February 12th. Credit Suisse Group reiterated a hold rating and set a $15.00 target price on shares of PETROLEO BRASIL/ADR in a report on Thursday, January 31st. ValuEngine upgraded PETROLEO BRASIL/ADR from a hold rating to a buy rating in a report on Monday, February 4th. Finally, Zacks Investment Research upgraded PETROLEO BRASIL/ADR from a strong sell rating to a hold rating in a report on Wednesday, January 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $16.48.

PBR opened at $16.59 on Thursday. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.48 and a quick ratio of 1.12. The stock has a market capitalization of $108.20 billion, a price-to-earnings ratio of 11.60 and a beta of 1.61. PETROLEO BRASIL/ADR has a 12 month low of $9.02 and a 12 month high of $17.20.

Large investors have recently modified their holdings of the company. Larson Financial Group LLC purchased a new stake in shares of PETROLEO BRASIL/ADR during the 4th quarter worth about $76,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of PETROLEO BRASIL/ADR during the 3rd quarter worth about $131,000. Stifel Financial Corp purchased a new stake in shares of PETROLEO BRASIL/ADR during the 4th quarter worth about $170,000. Cambridge Investment Research Advisors Inc. grew its holdings in shares of PETROLEO BRASIL/ADR by 32.0% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 13,495 shares of the oil and gas exploration company’s stock worth $163,000 after purchasing an additional 3,271 shares during the period. Finally, Henry James International Management Inc. purchased a new stake in shares of PETROLEO BRASIL/ADR during the 3rd quarter worth about $177,000. Institutional investors and hedge funds own 6.99% of the company’s stock.

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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