Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Reaches New 52-Week Low – What’s Next?

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)’s stock price hit a new 52-week low on Friday . The stock traded as low as $12.60 and last traded at $12.60, with a volume of 253506 shares traded. The stock had previously closed at $13.09.

Wall Street Analyst Weigh In

A number of research firms have issued reports on PBR. JPMorgan Chase & Co. upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to an “overweight” rating and upped their target price for the company from $16.50 to $19.00 in a research report on Wednesday, September 25th. Hsbc Global Res cut shares of Petróleo Brasileiro S.A. – Petrobras from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 21st. The Goldman Sachs Group upped their target price on shares of Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Finally, HSBC lowered Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research report 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.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $18.24.

Petróleo Brasileiro S.A. – Petrobras Trading Down 0.1 %

The company has a fifty day simple moving average of $13.81 and a two-hundred day simple moving average of $14.35. The stock has a market capitalization of $82.31 billion, a P/E ratio of 4.93, a price-to-earnings-growth ratio of 0.22 and a beta of 1.41. The company has a quick ratio of 0.71, a current ratio of 0.94 and a debt-to-equity ratio of 0.65.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The firm also recently announced a — dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be paid a dividend of $0.5338 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a yield of 18.8%. Petróleo Brasileiro S.A. – Petrobras’s payout ratio is 65.23%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PBR. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Petróleo Brasileiro S.A. – Petrobras during the second quarter worth $30,000. ORG Partners LLC lifted its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 396.0% in the third quarter. ORG Partners LLC now owns 2,103 shares of the oil and gas exploration company’s stock valued at $30,000 after purchasing an additional 1,679 shares in the last quarter. Bogart Wealth LLC boosted its position in shares of Petróleo Brasileiro S.A. – Petrobras by 571.4% during the third quarter. Bogart Wealth LLC now owns 2,350 shares of the oil and gas exploration company’s stock worth $34,000 after buying an additional 2,000 shares during the period. Rosenberg Matthew Hamilton boosted its position in shares of Petróleo Brasileiro S.A. – Petrobras by 65.4% during the third quarter. Rosenberg Matthew Hamilton now owns 2,391 shares of the oil and gas exploration company’s stock worth $34,000 after buying an additional 945 shares during the period. Finally, ANTIPODES PARTNERS Ltd acquired a new stake in Petróleo Brasileiro S.A. – Petrobras in the 2nd quarter valued at approximately $45,000.

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.