Petróleo Brasileiro S.A. – Petrobras (PBR) To Go Ex-Dividend on May 3rd

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) declared a Variable dividend on Friday, April 26th, investing.com reports. Investors of record on Monday, May 6th will be paid a dividend of 0.3406 per share by the oil and gas exploration company on Tuesday, May 28th. This represents a yield of 16.25%. The ex-dividend date of this dividend is Friday, May 3rd.

Petróleo Brasileiro S.A. – Petrobras has raised its dividend payment by an average of 46.8% annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Petróleo Brasileiro S.A. – Petrobras has a dividend payout ratio of 25.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Petróleo Brasileiro S.A. – Petrobras to earn $3.22 per share next year, which means the company should continue to be able to cover its $0.83 annual dividend with an expected future payout ratio of 25.8%.

Petróleo Brasileiro S.A. – Petrobras Price Performance

Petróleo Brasileiro S.A. – Petrobras stock traded down $0.08 during mid-day trading on Wednesday, hitting $16.89. The stock had a trading volume of 1,971,417 shares, compared to its average volume of 19,420,604. The firm has a market capitalization of $110.16 billion, a P/E ratio of 4.44, a P/E/G ratio of 0.18 and a beta of 1.46. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 0.65. The firm’s 50 day moving average is $15.92 and its 200 day moving average is $15.93. Petróleo Brasileiro S.A. – Petrobras has a one year low of $10.01 and a one year high of $17.91.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) last announced its quarterly earnings results on Friday, March 8th. The oil and gas exploration company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.12 by $0.15. The business had revenue of $27.11 billion for the quarter, compared to analysts’ expectations of $26.45 billion. Petróleo Brasileiro S.A. – Petrobras had a net margin of 24.30% and a return on equity of 34.44%. On average, sell-side analysts forecast that Petróleo Brasileiro S.A. – Petrobras will post 3.62 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Morgan Stanley cut shares of Petróleo Brasileiro S.A. – Petrobras from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $20.00 to $18.00 in a research note on Monday, March 11th. HSBC upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Monday, March 25th. UBS Group upped their target price on shares of Petróleo Brasileiro S.A. – Petrobras from $17.20 to $17.40 and gave the company a “buy” rating in a research report on Monday, March 25th. Finally, Bank of America cut shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “neutral” rating and set a $16.00 target price on the stock. in a research report on Friday, March 8th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Petróleo Brasileiro S.A. – Petrobras presently has an average rating of “Moderate Buy” and a consensus target price of $16.76.

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.