Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Plans $0.24 — Dividend

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBRGet Free Report) announced a — dividend on Wednesday, March 19th, Wall Street Journal reports. Investors of record on Tuesday, April 22nd will be given a dividend of 0.2403 per share by the oil and gas exploration company on Wednesday, May 28th. This represents a yield of 19%. The ex-dividend date of this dividend is Tuesday, April 22nd.

Petróleo Brasileiro S.A. – Petrobras has increased its dividend by an average of 10.8% annually over the last three years.

Petróleo Brasileiro S.A. – Petrobras Trading Up 1.2 %

PBR stock traded up $0.17 during trading on Wednesday, hitting $14.05. The company had a trading volume of 14,283,953 shares, compared to its average volume of 16,479,549. The company has a quick ratio of 0.71, a current ratio of 0.94 and a debt-to-equity ratio of 0.65. The firm has a 50-day moving average price of $13.75 and a 200-day moving average price of $13.97. Petróleo Brasileiro S.A. – Petrobras has a 12 month low of $12.45 and a 12 month high of $17.44. The stock has a market cap of $90.51 billion, a price-to-earnings ratio of 5.49, a PEG ratio of 0.18 and a beta of 1.39.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on PBR shares. StockNews.com lowered shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. HSBC upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Wednesday, March 5th. Finally, Hsbc Global Res upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $17.81.

Read Our Latest Research Report on PBR

About Petróleo Brasileiro S.A. – Petrobras

(Get Free Report)

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.

See Also

Dividend History for Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR)

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