5 Cheap Hot Stocks To Buy Now

2. Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Latest TTM Price To Earnings Ratio: 2.97

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) is Brazil’s state owned oil and gas company. Media reports suggest that the firm is currently looking to announce a $100 billion expenditure plan for the next five years soon, which will focus particularly on management transparency.

During this year’s second quarter, 33 among the 910 hedge funds tracked by Insider Monkey had held a stake in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR). Rajiv Jain’s GQG Partners owns the biggest stake among these, which is worth $2.9 billion and comes via 211 million shares.

Follow Petroleo Brasileiro Sa Petrobras (NYSE:PBR)