In yesterday’s Wall Street session, Petroleo Brasileiro S.A. – Petrobras (NYSE:PBR) shares traded at $13.47, down -0.37% from the previous session.
13 analysts cover Petroleo Brasileiro S.A. – Petrobras (NYSE:PBR), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $19.00 and a low of $5.53, we find $15.00. Given the previous closing price of $13.52, this indicates a potential upside of 10.95 percent. PBR stock price is now -0.27% away from the 50-day moving average and 15.87% away from the 200-day moving average. The market capitalization of the company currently stands at $86.85B.
The stock has received a hold rating from 8 analysts and a buy rating from 5. Brokers who have rated the stock have averaged $14.25 as their price target over the next twelve months.
With the price target reduced from $15 to $14.50, JP Morgan Downgraded its rating from Overweight to Neutral for Petroleo Brasileiro S.A. – Petrobras (NYSE: PBR).
A total of 39.80% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in PBR stock. A new stake in Petroleo Brasileiro S.A. – Petrobras shares was purchased by OPTIVER HOLDING B.V. during the first quarter worth $52,697,000. RWC ASSET ADVISORS (US) LLC invested $35,143,000 in shares of PBR during the first quarter. In the first quarter, QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in Petroleo Brasileiro S.A. – Petrobras valued at approximately $23,877,000. RWC ASSET MANAGEMENT LLP acquired a new stake in PBR for approximately $16,082,000. EISLER CAPITAL (UK) LTD. purchased a new stake in PBR valued at around $12,338,000 in the second quarter. In total, there are 609 active investors with 23.40% ownership of the company’s stock.
On Monday morning Petroleo Brasileiro S.A. – Petrobras (NYSE: PBR) stock kicked off with the opening price of $13.48. During the past 12 months, Petroleo Brasileiro S.A. – Petrobras has had a low of $8.71 and a high of $15.69. As of last week, the company has a debt-to-equity ratio of 0.75, a current ratio of 0.90, and a quick ratio of 0.60. The fifty day moving average price for PBR is $13.60 and a two-hundred day moving average price translates $11.83 for the stock.
The latest earnings results from Petroleo Brasileiro S.A. – Petrobras (NYSE: PBR) was released for Jun, 2023. According to the Oil & Gas Integrated Company, earnings per share came in at $0.89, beating analysts’ expectations of $0.84 by 0.05. This compares to $1.69 EPS in the same period last year. The net profit margin was 24.50% and return on equity was 41.50% for PBR. The company reported revenue of $22.98 billion for the quarter, compared to $34.7 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -33.78 percent. For the current quarter, analysts expect PBR to generate $26.18B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 08/25/2023. Investors who held shares on 06/14/2023 were paid a $0.3816697 dividend. On an annualized basis, this represents a $3.01 dividend and a 22.32% percent yield. There was an ex-dividend date of 06/13/2023 for this dividend. In terms of dividend payout ratio, PBR is presently at 413.50%.
