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

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

Petróleo Brasileiro S.A. – Petrobras has increased its dividend payment by an average of 46.8% per year over the last three years.

Petróleo Brasileiro S.A. – Petrobras Price Performance

Shares of NYSE:PBR traded down $0.01 during midday trading on Wednesday, reaching $14.32. 3,326,725 shares of the company’s stock were exchanged, compared to its average volume of 17,488,563. 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 firm has a market capitalization of $93.40 billion, a PE ratio of 5.60, a price-to-earnings-growth 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’s 50 day simple moving average is $14.17 and its two-hundred day simple moving average is $14.49.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. UBS Group lowered their target price on Petróleo Brasileiro S.A. – Petrobras from $19.40 to $18.10 and set a “buy” rating on the stock in a research note on Monday, August 19th. The Goldman Sachs Group raised their target price on Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Morgan Stanley raised shares of Petróleo Brasileiro S.A. – Petrobras from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $18.00 to $20.00 in a research note on Monday, August 26th. 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. Finally, JPMorgan Chase & Co. raised shares of Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to an “overweight” rating and upped their price target for the company from $16.50 to $19.00 in a research report on Wednesday, September 25th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Petróleo Brasileiro S.A. – Petrobras currently has a consensus rating of “Moderate Buy” and a consensus price target 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.