Petroleo Brasileiro S.A. Petrobras ADR [PBR] attracts people because of its fundamentals

The stock of Petroleo Brasileiro S.A. Petrobras ADR (NYSE:PBR) last traded at $16.10, up 0.37% from the previous session.

Data from the available sources indicates that Petroleo Brasileiro S.A. Petrobras ADR (NYSE:PBR) is covered by 13 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $21.20 and a low of $7.73, we find $17.44. Given the previous closing price of $16.04, this indicates a potential upside of 8.73 percent. PBR stock price is now 5.66% away from the 50-day moving average and 24.69% away from the 200-day moving average. The market capitalization of the company currently stands at $59.91B.

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In total, 3 analysts have assigned it a hold rating, and 8 have given it a buy rating. Brokers who have rated the stock have averaged $16.76 as their price target over the next twelve months.

A total of 0.00% of the company’s stock is owned by insiders.

With an opening price of $16.20 on Monday morning, Petroleo Brasileiro S.A. Petrobras ADR (NYSE: PBR) set off the trading day. During the past 12 months, Petroleo Brasileiro S.A. Petrobras ADR has had a low of $8.61 and a high of $16.55. As of last week, the company has a debt-to-equity ratio of 0.79, a current ratio of 0.95, and a quick ratio of 0.70. The fifty day moving average price for PBR is $15.24 and a two-hundred day moving average price translates $13.10 for the stock.

The latest earnings results from Petroleo Brasileiro S.A. Petrobras ADR (NYSE: PBR) was released for Sep, 2023. According to the Oil & Gas Integrated Company, earnings per share came in at $0.86, missing analysts’ expectations of $0.94 by -0.08. This compares to $1.35 EPS in the same period last year. The net profit margin was 25.46% and return on equity was 36.80% for PBR. The company reported revenue of $25.55 billion for the quarter, compared to $32.41 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -21.16 percent. For the current quarter, analysts expect PBR to generate $27.87B in revenue.

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