Bank of America downgraded shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) from a buy rating to an underperform rating in a research note published on Monday morning, Analyst Price Targets reports. They currently have $11.00 price target on the oil and gas exploration company’s stock.
PBR has been the topic of several other research reports. Scotiabank lowered Petróleo Brasileiro S.A. – Petrobras from a sector outperform rating to a sector perform rating and cut their price target for the company from $15.25 to $14.00 in a research note on Monday. They noted that the move was a valuation call. JPMorgan Chase & Co. lowered Petróleo Brasileiro S.A. – Petrobras from an overweight rating to an underweight rating and cut their price target for the company from $17.00 to $9.00 in a research note on Monday. Finally, Bradesco Corretora lowered Petróleo Brasileiro S.A. – Petrobras from an outperform rating to a neutral rating in a research note on Monday, February 8th. Five equities research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. Petróleo Brasileiro S.A. – Petrobras has a consensus rating of Sell and a consensus price target of $10.75.
Petróleo Brasileiro S.A. – Petrobras stock opened at $7.94 on Monday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.87 and a current ratio of 1.08. Petróleo Brasileiro S.A. – Petrobras has a 52 week low of $4.01 and a 52 week high of $13.30. The firm has a market cap of $51.79 billion, a P/E ratio of 6.73 and a beta of 2.04. The business’s fifty day moving average is $10.78 and its two-hundred day moving average is $9.24.
About Petróleo Brasileiro S.A. – Petrobras
PetrÃ³leo Brasileiro SA – Petrobras produce and sells oil and gas 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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