Petróleo Brasileiro S.A. – Petrobras Announces — Dividend of $0.53 (NYSE:PBR)

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) declared a — dividend on Friday, November 22nd,NASDAQ Dividends reports. Investors of record on Friday, December 13th will be given a dividend of 0.5338 per share by the oil and gas exploration company on Friday, January 3rd. This represents a yield of 18.8%. The ex-dividend date is Friday, December 13th.

Petróleo Brasileiro S.A. – Petrobras has raised its dividend by an average of 46.8% annually over the last three years.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

NYSE PBR traded up $0.01 during trading on Wednesday, hitting $14.34. 4,184,777 shares of the company’s stock traded hands, compared to its average volume of 17,493,383. The stock has a market capitalization of $93.53 billion, a price-to-earnings ratio of 5.59, a PEG ratio of 0.22 and a beta of 1.41. Petróleo Brasileiro S.A. – Petrobras has a 12-month low of $12.90 and a 12-month high of $17.91. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.94. The business has a 50 day moving average of $14.16 and a 200-day moving average of $14.49.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on PBR shares. Hsbc Global Res cut shares of Petróleo Brasileiro S.A. – Petrobras from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st. The Goldman Sachs Group raised their price target on Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. raised Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $16.50 to $19.00 in a research report on Wednesday, September 25th. Morgan Stanley raised Petróleo Brasileiro S.A. – Petrobras from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $18.00 to $20.00 in a research report on Monday, August 26th. Finally, UBS Group lowered their price objective on Petróleo Brasileiro S.A. – Petrobras from $19.40 to $18.10 and set a “buy” rating for the company in a research report on Monday, August 19th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Petróleo Brasileiro S.A. – Petrobras currently has a consensus rating of “Moderate Buy” and an average target price of $18.24.

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 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.