Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Stock Price Down 7.9% – Should You Sell?

Shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) dropped 7.9% during mid-day trading on Thursday . The company traded as low as $13.32 and last traded at $13.20. Approximately 16,752,597 shares traded hands during trading, an increase of 28% from the average daily volume of 13,074,086 shares. The stock had previously closed at $14.32.

Wall Street Analyst Weigh In

Separately, 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 report on Tuesday, November 12th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Petróleo Brasileiro S.A. – Petrobras currently has a consensus rating of “Moderate Buy” and an average price target of $18.24.

Petróleo Brasileiro S.A. – Petrobras Stock Down 5.3 %

The company has a debt-to-equity ratio of 0.65, a current ratio of 0.94 and a quick ratio of 0.71. The company has a market capitalization of $87.41 billion, a PE ratio of 5.30, a price-to-earnings-growth ratio of 0.18 and a beta of 1.40. The firm has a 50-day simple moving average of $13.72 and a 200 day simple moving average of $14.17.

Institutional Trading of Petróleo Brasileiro S.A. – Petrobras

A number of hedge funds have recently made changes to their positions in the company. GQG Partners LLC grew its holdings in Petróleo Brasileiro S.A. – Petrobras by 2.6% during the 4th quarter. GQG Partners LLC now owns 237,236,034 shares of the oil and gas exploration company’s stock valued at $3,050,855,000 after purchasing an additional 6,016,560 shares in the last quarter. Lazard Asset Management LLC grew its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 16.4% during the fourth quarter. Lazard Asset Management LLC now owns 21,755,839 shares of the oil and gas exploration company’s stock valued at $279,779,000 after acquiring an additional 3,072,312 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of Petróleo Brasileiro S.A. – Petrobras by 0.4% during the fourth quarter. Fisher Asset Management LLC now owns 15,887,984 shares of the oil and gas exploration company’s stock worth $204,319,000 after acquiring an additional 68,337 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the third quarter worth about $141,372,000. Finally, Perpetual Ltd boosted its holdings in Petróleo Brasileiro S.A. – Petrobras by 5.2% in the fourth quarter. Perpetual Ltd now owns 3,315,957 shares of the oil and gas exploration company’s stock valued at $42,643,000 after purchasing an additional 163,668 shares during the last quarter.

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.