Shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR - Get Free Report) have earned a consensus rating of "Moderate Buy" from the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $19.28.
Several analysts have issued reports on the stock. Bank of America raised shares of Petroleo Brasileiro S.A.- Petrobras from a "neutral" rating to a "buy" rating and increased their price objective for the company from $18.70 to $24.80 in a research report on Friday, April 17th. Zacks Research cut shares of Petroleo Brasileiro S.A.- Petrobras from a "hold" rating to a "strong sell" rating in a research report on Tuesday, July 7th. Weiss Ratings upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a "hold (c)" rating to a "buy (b-)" rating in a research note on Tuesday, May 12th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Petroleo Brasileiro S.A.- Petrobras from $24.00 to $23.00 and set an "overweight" rating for the company in a report on Wednesday, June 3rd.
Check Out Our Latest Stock Report on Petroleo Brasileiro S.A.- Petrobras
Petroleo Brasileiro S.A.- Petrobras News Summary
Here are the key news stories impacting Petroleo Brasileiro S.A.- Petrobras this week:
- Positive Sentiment: Petrobras reported second-quarter earnings of $1.72 per share, exceeding the $1.40 analyst consensus, while revenue of $33.61 billion also surpassed expectations of $31.46 billion. Net profit nearly doubled year over year, rising 96.8%, supported by stronger crude, gasoline and diesel prices. Petrobras' net profit nearly doubles in the second quarter
- Positive Sentiment: Management highlighted historic quarterly net income and record gross profit, attributing the performance to operational efficiency, higher production and stronger cash generation. Petrobras Q2 2026 Earnings Call Highlights
- Positive Sentiment: CEO Magda Chambriard said Petrobras will “very likely” exceed its 2026 oil-production forecast, following record production in the quarter. Higher output could support revenue, cash flow and dividend capacity. Petrobras likely to exceed oil production forecast for the year
- Neutral Sentiment: The earnings call and presentation emphasized execution and production performance, but investors will likely seek more detail on the durability of profits, capital allocation and operating plans. Petrobras Q2 2026 Earnings Call Transcript
- Negative Sentiment: A significant portion of the earnings improvement was linked to an oil-price rally caused by supply disruptions connected to the U.S.-Iran conflict. Investors may view those gains as geopolitical and potentially short-lived, limiting enthusiasm for the stock despite the earnings beat. Petrobras Profit Tops Estimates on Iran War-Driven Oil Rally
Institutional Trading of Petroleo Brasileiro S.A.- Petrobras
A number of hedge funds and other institutional investors have recently modified their holdings of PBR. Capital International Investors raised its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 51.6% during the fourth quarter. Capital International Investors now owns 30,637,308 shares of the oil and gas exploration company's stock worth $363,052,000 after purchasing an additional 10,425,563 shares during the period. Oaktree Capital Management LP acquired a new position in shares of Petroleo Brasileiro S.A.- Petrobras in the 1st quarter valued at about $126,355,000. DJE Kapital AG acquired a new position in shares of Petroleo Brasileiro S.A.- Petrobras in the 1st quarter valued at about $65,428,000. DNB Asset Management AS bought a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the 4th quarter valued at about $21,778,000. Finally, Mondrian Investment Partners LTD raised its stake in Petroleo Brasileiro S.A.- Petrobras by 14.1% during the fourth quarter. Mondrian Investment Partners LTD now owns 12,655,094 shares of the oil and gas exploration company's stock worth $149,963,000 after acquiring an additional 1,562,473 shares during the period.
Petroleo Brasileiro S.A.- Petrobras Price Performance
Shares of NYSE PBR opened at $17.98 on Monday. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.74 and a quick ratio of 0.49. Petroleo Brasileiro S.A.- Petrobras has a 1-year low of $11.43 and a 1-year high of $22.24. The company has a market capitalization of $115.84 billion, a price-to-earnings ratio of 4.54, a PEG ratio of 0.73 and a beta of 0.33. The business has a 50-day moving average of $17.66 and a 200-day moving average of $18.20.
Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR - Get Free Report) last announced its earnings results on Tuesday, March 31st. The oil and gas exploration company reported $0.96 EPS for the quarter. The business had revenue of $23.54 billion for the quarter. Petroleo Brasileiro S.A.- Petrobras had a return on equity of 31.82% and a net margin of 24.52%. On average, equities analysts anticipate that Petroleo Brasileiro S.A.- Petrobras will post 4.63 EPS for the current fiscal year.
Petroleo Brasileiro S.A.- Petrobras Announces Dividend
The company also recently disclosed a special dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Tuesday, August 25th will be given a $0.2649 dividend. The ex-dividend date of this dividend is Tuesday, August 25th. Petroleo Brasileiro S.A.- Petrobras's dividend payout ratio is presently 8.59%.
Petroleo Brasileiro S.A.- Petrobras Company Profile
(
Get Free Report)
Petróleo Brasileiro SA – Petrobras is a Brazilian, state-controlled integrated oil and gas company headquartered in Rio de Janeiro. Founded in 1953, Petrobras is principally engaged in the exploration and production of crude oil and natural gas, and operates across the full value chain from upstream activities through refining, transportation and downstream marketing of petroleum products. The company is a major player in Brazil's energy sector and is a listed public company with global capital market presence.
Petrobras's core activities include deepwater and ultra-deepwater exploration and production, where it has been a pioneer in developing pre-salt reserves off Brazil's coast.
Further Reading
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