Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Upgraded to Buy by HSBC

HSBC upgraded shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) from a hold rating to a buy rating in a research note issued to investors on Monday morning, MarketBeat.com reports. They currently have $18.00 target price on the oil and gas exploration company’s stock.

PBR has been the subject of several other research reports. Morgan Stanley downgraded shares of Petróleo Brasileiro S.A. – Petrobras from an overweight rating to an equal weight rating and decreased their price objective for the company from $20.00 to $18.00 in a research note on Monday, March 11th. Bank of America downgraded shares of Petróleo Brasileiro S.A. – Petrobras from a buy rating to a neutral rating and set a $16.00 price objective for the company. in a research note on Friday, March 8th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Petróleo Brasileiro S.A. – Petrobras presently has a consensus rating of Moderate Buy and a consensus price target of $16.76.

Petróleo Brasileiro S.A. – Petrobras Trading Up 1.3 %

Shares of PBR stock opened at $14.94 on Monday. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 0.65. Petróleo Brasileiro S.A. – Petrobras has a 12 month low of $10.00 and a 12 month high of $17.91. The firm has a fifty day moving average price of $16.35 and a 200 day moving average price of $15.73.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Harbour Investments Inc. purchased a new position in Petróleo Brasileiro S.A. – Petrobras during the first quarter worth about $29,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Petróleo Brasileiro S.A. – Petrobras by 83.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,577 shares of the oil and gas exploration company’s stock worth $30,000 after purchasing an additional 1,169 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC purchased a new position in Petróleo Brasileiro S.A. – Petrobras during the third quarter worth about $41,000. Janiczek Wealth Management LLC raised its holdings in Petróleo Brasileiro S.A. – Petrobras by 49.9% during the third quarter. Janiczek Wealth Management LLC now owns 2,756 shares of the oil and gas exploration company’s stock worth $41,000 after purchasing an additional 918 shares in the last quarter. Finally, Sound Income Strategies LLC purchased a new position in Petróleo Brasileiro S.A. – Petrobras during the fourth quarter worth about $45,000.

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 Exploration and Production; Refining, Transportation and Marketing; and Gas and Power. It also 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.