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.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
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%.
