In yesterday’s Wall Street session, Petroleo Brasileiro S.A. – Petrobras (NYSE:PBR) shares traded at $13.50, down -0.95% from the previous session.
14 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 $14.80. Given the previous closing price of $13.63, this indicates a potential upside of 8.58 percent. PBR stock price is now -1.51% away from the 50-day moving average and 16.33% away from the 200-day moving average. The market capitalization of the company currently stands at $85.14B.
The stock has received a hold rating from 9 analysts and a buy rating from 5. Brokers who have rated the stock have averaged $14.57 as their price target over the next twelve months.
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 WINDACRE PARTNERSHIP LLC during the first quarter worth $368,024,000. SPX GESTAO DE RECURSOS LTDA invested $94,019,000 in shares of PBR during the first quarter. In the first quarter, RWC ASSET ADVISORS (US) LLC acquired a new stake in Petroleo Brasileiro S.A. – Petrobras valued at approximately $35,221,000. DRIEHAUS CAPITAL MANAGEMENT LLC acquired a new stake in PBR for approximately $34,711,000. RWC ASSET MANAGEMENT LLP purchased a new stake in PBR valued at around $16,118,000 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 $13.56. 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 $13.78 and a two-hundred day moving average price translates $11.80 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 26.90% 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 $25.15B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 11/30/2023. Investors who held shares on 08/23/2023 were paid a $0.2352816 dividend. On an annualized basis, this represents a $3.01 dividend and a 22.27% percent yield. There was an ex-dividend date of 08/22/2023 for this dividend. In terms of dividend payout ratio, PBR is presently at 411.40%.
Petroleo Brasileiro S.A. – Petrobras(PBR) Company Profile
Petróleo Brasileiro S.A. – Petrobras explores, produces, and sells oil and gas in Brazil and internationally. The company operates through Exploration and Production; Refining, Transportation and Marketing; and Gas and Power. It also engages in prospecting, drilling, refining, processing, trading, and transporting crude oil from producing onshore and offshore oil fields, and shale or other rocks, as well as oil products, natural gas, and other liquid hydrocarbons. The Exploration and Production segment explores, develops, and produces crude oil, natural gas liquids, and natural gas primarily for supplies to the domestic refineries. The Refining, Transportation and Marketing segment engages in the refining, logistics, transport, marketing, and trading of crude oil and oil products; exportation of ethanol; and extraction and processing of shale, as well as holding interests in petrochemical companies. The Gas and Power segment is involved in the logistic and trading of natural gas and electricity; transportation and trading of LNG; generation of electricity through thermoelectric power plants; holding interests in transportation and distribution of natural gas; and fertilizer production and natural gas processing business. In addition, the company produces biodiesel and its co-products, and ethanol; and distributes oil products. Further, it engages in research, development, production, transport, distribution, and trading of energy. Petróleo Brasileiro S.A. – Petrobras was incorporated in 1953 and is headquartered in Rio de Janeiro, Brazil.
