NYSE:PBR

Petróleo Brasileiro S.A. - Petrobras (PBR) Stock Price, News & Analysis

$16.83
-0.11 (-0.65%)
(As of 12:27 PM ET)
Today's Range
$16.70
$16.88
50-Day Range
$14.53
$17.71
52-Week Range
$10.01
$17.91
Volume
8.92 million shs
Average Volume
19.46 million shs
Market Capitalization
N/A
P/E Ratio
4.41
Dividend Yield
2.26%
Price Target
$16.76

Petróleo Brasileiro S.A. - Petrobras MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.56 Rating Score
Upside/​Downside
1.0% Downside
$16.76 Price Target
Short Interest
Healthy
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.44mentions of Petróleo Brasileiro S.A. - Petrobras in the last 14 days
Based on 11 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-11.40%
From $3.51 to $3.11 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.45 out of 5 stars

Oils/Energy Sector

182nd out of 236 stocks

Crude Petroleum & Natural Gas Industry

63rd out of 76 stocks

PBR stock logo

About Petróleo Brasileiro S.A. - Petrobras Stock (NYSE:PBR)

Petróleo Brasileiro S.A., more commonly known by the name Petrobras, is a multinational integrated and diversified energy company headquartered in Brazil. The company was founded in 1953 by the government of Brazil and was a government-run entity for the first portion of its life. The company’s motto at inception was “The Oil Is Ours”, it is headquartered in Rio de Janeiro and is listed on the Forbes Global 500.

Petrobras operated with a legal monopoly in Brazil until 1997. During that time the company’s production ramped from 2,700 barrels per day to about 2.6 million barrels per day in 2022. Along the way the company entered the refining market in 1961, it opened the Cenpes Research Center in 1963 (one of the world’s largest and leading petroleum research centers), it entered the petrochem market in 1968, and then, in 1994, it launched what was the world’s largest offshore drilling and production facility only to have it sink after less than 20 years in service.

Since 1997, when the government granted monopoly was revoked, the company has expanded its operations into other countries and is now functional in 16 nations. Today, Petrobras explores for, produces, and markets crude oil, natural gas, and derivative products worldwide. The company’s operations are worldwide but the bulk of business is in Brazil. At the end of 2021, the company had 8.435 billion barrels of proven reserves of which less than 0.50% were located outside of Brazil.

The government of Brazil retains 64% of the voting rights in Petrobras. The remaining shares are listed on the B3 exchange and are part of the Bovespa index. The stock is also listed on the NYSE as a depository receipt shares and in Madrid. The company operates in 4 primary business segments that are Exploration and Production: Refining, Transportation and Marketing; Gas and Power; and Corporate and Other Businesses.

The Exploration and Production segment explores and develops oil fields, processes, delivers, and trades in crude oil, crude oil products, natural gas, and oil-bearing shale feedstock. The Refining, Transportation, and Marketing segments are the mid and downstream operations including refining, pipelines, and wholesale/retail operations. This segment is also engaged in petrochemical and ethanol production. The Gas and Power segment markets natural gas and electricity. This segment also has interests in petrochemicals. The Corporate and Other Businesses segment is engaged in the production of renewable fuels such as ethanol, biodiesel, and their co-products.

Petrobras environmental record includes aiding a rebound of Humpback whales, supporting and rebuilding forest ecosystems, and advances in green and renewable technology.



PBR Stock Price History

PBR Stock News Headlines

SHOCKING Crypto Leak…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
Petrobras Chair Returns to Board Divided by Rivalries
SHOCKING Crypto Leak…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
Petrobras chairman Mendes reinstated by Brazil court
Petroleo Brasileiro S.A. Petrobras - ADR
SLB Gets Contracts For Petrobras' Buzios Field - Quick Facts
PBR Quantitative Stock Analysis
See More Headlines
Receive PBR Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Petróleo Brasileiro S.A. - Petrobras and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Ex-Dividend for 2/27 Dividend
11/22/2023
Dividend Payable
2/27/2024
Last Earnings
3/08/2024
Today
4/23/2024
Next Earnings (Estimated)
5/09/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
N/A
Employees
46,730
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$16.76
High Stock Price Target
$21.20
Low Stock Price Target
$14.00
Potential Upside/Downside
-1.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.56
Research Coverage
9 Analysts

Profitability

Net Income
$24.88 billion
Pretax Margin
34.56%

Debt

Sales & Book Value

Annual Sales
$497.01 billion
Cash Flow
$6.39 per share
Book Value
$12.11 per share

Miscellaneous

Outstanding Shares
6,522,100,000
Free Float
N/A
Market Cap
$110.45 billion
Optionable
Optionable
Beta
1.46
7 Stocks That Could Be Bigger Than Tesla, Nvidia, and Google Cover

Growth stocks offer a lot of bang for your buck, and we've got the next upcoming superstars to strongly consider for your portfolio.

Get This Free Report

Key Executives

  • Mr. Jean Paul Terra Prates (Age 55)
    CEO & Director
  • Mr. Sergio Caetano Leite (Age 54)
    Chief Financial & Investor Relations Officer and Member of Executive Board
  • Mr. Mario Vinicius Claussen Spinelli
    Chief Governance & Compliance Officer and Member of Executive Board
  • Mr. Joelson Falcao Mendes (Age 55)
    Chief Exploration & Production Officer and Member of Executive Board
  • Mr. Carlos Jose do Nascimento Travassos (Age 56)
    Chief Engineering, Technology & Innovation Officer and Member of Executive Board
  • Mr. Claudio Romeo Schlosser (Age 59)
    Chief Logistics, Commercialization & Markets Officer and Member of Executive Board
  • Mr. William Franca da Silva
    Chief Industrial Processes & Products Officer and Member of Executive Board
  • Ms. Clarice Coppetti (Age 60)
    Chief Corporate Affairs Officer & Member of Executive Board
  • Mr. Mauricio Tiomno Tolmasquim
    Chief Energy Transition & Sustainability Officer and Member of Executive Board
  • Mr. Hélio Siqueira Júnior
    Acting General Counsel

Should I Buy Petróleo Brasileiro S.A. - Petrobras Stock? PBR Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Petróleo Brasileiro S.A. - Petrobras:

  • Petróleo Brasileiro S.A. - Petrobras recently discovered oil in Brazil's Potiguar Basin, showcasing potential for increased production and revenue.
  • The company's stock price has shown resilience, with a one-year high of $17.91, indicating positive market sentiment.
  • Petróleo Brasileiro S.A. - Petrobras has a market capitalization of $96.01 billion, reflecting its significant presence in the industry.
  • With a PE ratio of 3.57, the stock may be considered undervalued compared to industry peers, presenting a potential value investment opportunity.
  • The company's strategic advancements in leveraging advanced technology for oil discovery demonstrate a commitment to innovation and growth.

Cons

Investors should be bearish about investing in Petróleo Brasileiro S.A. - Petrobras for these reasons:

  • Volatility in the oil and gas sector can impact Petróleo Brasileiro S.A. - Petrobras' stock price, leading to potential investment risks.
  • The company's debt-to-equity ratio of 0.65 may raise concerns about its financial leverage and ability to manage debt obligations.
  • Analyst downgrades, such as the recent shift from an "overweight" to an "equal weight" rating by Morgan Stanley, could signal potential challenges ahead.
  • Market conditions and regulatory changes in the energy sector may affect Petróleo Brasileiro S.A. - Petrobras' operations and profitability.
  • Investors should consider the impact of global economic factors, geopolitical events, and environmental regulations on the company's performance and stock value.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, April 13, 2024. Please send any questions or comments about these Petróleo Brasileiro S.A. - Petrobras pros and cons to contact@marketbeat.com.

PBR Stock Analysis - Frequently Asked Questions

Should I buy or sell Petróleo Brasileiro S.A. - Petrobras stock right now?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Petróleo Brasileiro S.A. - Petrobras in the last year. There are currently 4 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PBR shares.
View PBR analyst ratings
or view top-rated stocks.

What is Petróleo Brasileiro S.A. - Petrobras' stock price target for 2024?

9 brokerages have issued 1-year target prices for Petróleo Brasileiro S.A. - Petrobras' stock. Their PBR share price targets range from $14.00 to $21.20. On average, they predict the company's share price to reach $16.76 in the next year. This suggests that the stock has a possible downside of 1.0%.
View analysts price targets for PBR
or view top-rated stocks among Wall Street analysts.

How have PBR shares performed in 2024?

Petróleo Brasileiro S.A. - Petrobras' stock was trading at $15.97 at the beginning of the year. Since then, PBR stock has increased by 6.0% and is now trading at $16.9350.
View the best growth stocks for 2024 here
.

When is Petróleo Brasileiro S.A. - Petrobras' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024.
View our PBR earnings forecast
.

How were Petróleo Brasileiro S.A. - Petrobras' earnings last quarter?

Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) released its earnings results on Friday, March, 8th. The oil and gas exploration company reported $1.27 earnings per share for the quarter, beating analysts' consensus estimates of $1.12 by $0.15. The oil and gas exploration company had revenue of $27.11 billion for the quarter, compared to analyst estimates of $26.45 billion. Petróleo Brasileiro S.A. - Petrobras had a net margin of 24.30% and a trailing twelve-month return on equity of 34.44%.

How often does Petróleo Brasileiro S.A. - Petrobras pay dividends? What is the dividend yield for Petróleo Brasileiro S.A. - Petrobras?

Petróleo Brasileiro S.A. - Petrobras declared a quarterly dividend on Tuesday, April 16th. Stockholders of record on Monday, April 29th will be given a dividend of $0.2084 per share on Thursday, June 27th. This represents a $0.83 dividend on an annualized basis and a dividend yield of 4.92%. The ex-dividend date is Friday, April 26th.
Read our dividend analysis for PBR
.

Is Petróleo Brasileiro S.A. - Petrobras a good dividend stock?

Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) pays an annual dividend of $0.38 per share and currently has a dividend yield of 2.30%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 9.95%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PBR will have a dividend payout ratio of 12.22% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PBR.

What is Pedro Parente's approval rating as Petróleo Brasileiro S.A. - Petrobras' CEO?

57 employees have rated Petróleo Brasileiro S.A. - Petrobras Chief Executive Officer Pedro Parente on Glassdoor.com. Pedro Parente has an approval rating of 42% among the company's employees. This puts Pedro Parente in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Petróleo Brasileiro S.A. - Petrobras own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Petróleo Brasileiro S.A. - Petrobras investors own include Vale (VALE), Edap Tms (EDAP), Bank of America (BAC), Intel (INTC), NVIDIA (NVDA), Alibaba Group (BABA), Citigroup (C), Advanced Micro Devices (AMD), General Electric (GE) and Cisco Systems (CSCO).

Who are Petróleo Brasileiro S.A. - Petrobras' major shareholders?

Petróleo Brasileiro S.A. - Petrobras' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include ARGA Investment Management LP (0.20%), Artemis Investment Management LLP (0.00%), Perpetual Ltd (0.00%), Norden Group LLC (0.00%), Paradiem LLC (0.01%) and Salem Investment Counselors Inc. (0.00%).
View institutional ownership trends
.

How do I buy shares of Petróleo Brasileiro S.A. - Petrobras?

Shares of PBR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:PBR) was last updated on 4/23/2024 by MarketBeat.com Staff

From Our Partners