Credit Suisse Group set a $12.00 price target on Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) in a research note published on Monday. The brokerage currently has a buy rating on the oil and gas exploration company’s stock.

Several other brokerages have also issued reports on PBR. Societe Generale lowered shares of Petroleo Brasileiro S.A.- Petrobras from a buy rating to a hold rating and lifted their price objective for the company from $10.51 to $11.00 in a report on Wednesday, October 18th. Raymond James Financial reissued a market perform rating on shares of Petroleo Brasileiro S.A.- Petrobras in a report on Wednesday, October 4th. ValuEngine raised shares of Petroleo Brasileiro S.A.- Petrobras from a hold rating to a buy rating in a report on Friday, September 1st. Barclays set a $10.00 price objective on shares of Petroleo Brasileiro S.A.- Petrobras and gave the company a sell rating in a report on Tuesday, October 10th. Finally, Zacks Investment Research raised shares of Petroleo Brasileiro S.A.- Petrobras from a strong sell rating to a hold rating in a report on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. Petroleo Brasileiro S.A.- Petrobras presently has an average rating of Hold and a consensus price target of $10.48.

Shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) traded up $0.16 during mid-day trading on Monday, reaching $10.16. 6,629,495 shares of the company traded hands, compared to its average volume of 18,386,617. The stock has a market capitalization of $65,157.26, a price-to-earnings ratio of 27.45 and a beta of 2.36. The company has a current ratio of 2.02, a quick ratio of 1.66 and a debt-to-equity ratio of 1.27. Petroleo Brasileiro S.A.- Petrobras has a 12 month low of $7.61 and a 12 month high of $11.71.

In other Petroleo Brasileiro S.A.- Petrobras news, Director Christopher Geoffrey Hampson sold 250,000 shares of Petroleo Brasileiro S.A.- Petrobras stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $0.18, for a total value of $45,000.00.

Large investors have recently bought and sold shares of the company. Airain ltd acquired a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the second quarter worth $4,094,000. Quantbot Technologies LP lifted its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 402.2% during the third quarter. Quantbot Technologies LP now owns 143,884 shares of the oil and gas exploration company’s stock worth $1,444,000 after buying an additional 115,234 shares during the period. First Trust Advisors LP lifted its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 15.5% during the third quarter. First Trust Advisors LP now owns 226,815 shares of the oil and gas exploration company’s stock worth $2,277,000 after buying an additional 30,375 shares during the period. Thornburg Investment Management Inc. lifted its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 24.5% during the third quarter. Thornburg Investment Management Inc. now owns 2,020,443 shares of the oil and gas exploration company’s stock worth $20,285,000 after buying an additional 397,390 shares during the period. Finally, Axiom International Investors LLC DE lifted its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 1.1% during the third quarter. Axiom International Investors LLC DE now owns 7,915,970 shares of the oil and gas exploration company’s stock worth $79,476,000 after buying an additional 89,940 shares during the period. Institutional investors and hedge funds own 5.54% of the company’s stock.

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Petroleo Brasileiro S.A.- Petrobras Company Profile

Analyst Recommendations for Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR)

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