Petroleo Brasileiro S.A.- Petrobras (PBR) Given Market Perform Rating at Raymond James Financial, Inc.

Raymond James Financial, Inc. reaffirmed their market perform rating on shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) in a report issued on Tuesday morning.

Other research analysts also recently issued research reports about the stock. Credit Suisse Group set a $12.00 price target on shares of Petroleo Brasileiro S.A.- Petrobras and gave the company a buy rating in a report on Sunday, May 28th. BidaskClub raised shares of Petroleo Brasileiro S.A.- Petrobras from a sell rating to a hold rating in a research note on Wednesday, July 5th. TheStreet raised shares of Petroleo Brasileiro S.A.- Petrobras from a d+ rating to a c- rating in a research note on Monday, August 7th. Zacks Investment Research downgraded shares of Petroleo Brasileiro S.A.- Petrobras from a buy rating to a hold rating in a research note on Tuesday, August 1st. Finally, Barclays PLC reaffirmed an underweight rating and set a $8.00 target price (down from $11.00) on shares of Petroleo Brasileiro S.A.- Petrobras in a research report on Wednesday, July 12th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $10.51.

Petroleo Brasileiro S.A.- Petrobras (PBR) opened at 8.89 on Tuesday. The company’s market capitalization is $57.98 billion. The stock has a 50 day moving average price of $8.52 and a 200-day moving average price of $9.13. Petroleo Brasileiro S.A.- Petrobras has a 12-month low of $7.61 and a 12-month high of $12.56. Petroleo Brasileiro S.A.- Petrobras also was the target of some unusual options trading activity on Wednesday. Stock traders bought 15,002 put options on the stock. This is an increase of approximately 458% compared to the average daily volume of 2,688 put options.

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A number of hedge funds have recently made changes to their positions in the stock. EFG Asset Management Americas Corp. purchased a new position in Petroleo Brasileiro S.A.- Petrobras during the first quarter valued at $100,000. Greenleaf Trust bought a new position in shares of Petroleo Brasileiro S.A.- Petrobras during the first quarter valued at approximately $101,000. IHT Wealth Management LLC bought a new position in shares of Petroleo Brasileiro S.A.- Petrobras during the second quarter valued at approximately $103,000. D.A. Davidson & CO. raised its position in shares of Petroleo Brasileiro S.A.- Petrobras by 276.6% in the second quarter. D.A. Davidson & CO. now owns 13,402 shares of the oil and gas exploration company’s stock valued at $107,000 after buying an additional 9,843 shares in the last quarter. Finally, Oppenheimer & Co. Inc. bought a new position in shares of Petroleo Brasileiro S.A.- Petrobras during the first quarter valued at approximately $110,000. 6.25% of the stock is owned by institutional investors.

About Petroleo Brasileiro S.A.- Petrobras

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