Investors Buy Shares of Petrobras (PBR) on Weakness

Traders purchased shares of Petrobras (NYSE:PBR) on weakness during trading hours on Thursday. $252.50 million flowed into the stock on the tick-up and $154.97 million flowed out of the stock on the tick-down, for a money net flow of $97.53 million into the stock. Of all companies tracked, Petrobras had the 9th highest net in-flow for the day. Petrobras traded down ($2.33) for the day and closed at $12.78

A number of analysts have recently issued reports on the company. ValuEngine lowered Petrobras from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Credit Suisse Group lowered Petrobras from an “outperform” rating to a “hold” rating and set a $11.00 price target on the stock. in a research note on Thursday. UBS lowered Petrobras from an “outperform” rating to a “market perform” rating in a research note on Thursday. Societe Generale raised Petrobras from a “hold” rating to a “buy” rating in a research note on Wednesday, May 9th. Finally, Morgan Stanley lowered Petrobras from an “overweight” rating to an “equal weight” rating and set a $13.00 price target on the stock. in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $11.88.

The stock has a market capitalization of $83.35 billion, a P/E ratio of 18.01 and a beta of 2.40. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.86 and a quick ratio of 1.49.

Petrobras (NYSE:PBR) last announced its quarterly earnings data on Thursday, March 15th. The oil and gas exploration company reported $0.20 EPS for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.02. Petrobras had a return on equity of 5.01% and a net margin of 0.71%. The firm had revenue of $23.57 billion for the quarter, compared to the consensus estimate of $26.32 billion. analysts expect that Petrobras will post 1.27 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in PBR. Flow Traders U.S. LLC purchased a new position in Petrobras during the fourth quarter worth approximately $109,000. Quadrant Private Wealth Management LLC purchased a new position in Petrobras during the fourth quarter worth approximately $123,000. BB&T Securities LLC purchased a new position in Petrobras during the first quarter worth approximately $159,000. Marathon Trading Investment Management LLC purchased a new position in Petrobras during the fourth quarter worth approximately $194,000. Finally, Stuart Chaussee & Associates Inc. purchased a new position in Petrobras during the fourth quarter worth approximately $208,000. Hedge funds and other institutional investors own 6.82% of the company’s stock.

Petrobras Company Profile

Petróleo Brasileiro SA – Petrobras operates in the oil, natural gas, and energy industries. The company's Exploration and Production segment engages in the exploration, development, and production of crude oil, natural gas liquids, and natural gas; and sale of surplus crude oil and oil products produced in the natural gas processing plants to the domestic and international markets.

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