Petróleo Brasileiro S.A. - Petrobras - PBR Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Petróleo Brasileiro S.A. - Petrobras in the last year. There are currently 1 sell rating and 6 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" PBR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PBR, but not buy additional shares or sell existing shares.
View PBR analyst ratings or view top-rated stocks.

7 brokers have issued 12 month price objectives for Petróleo Brasileiro S.A. - Petrobras' shares. Their PBR share price forecasts range from $12.30 to $16.00. On average, they expect the company's share price to reach $14.26 in the next year. This suggests a possible upside of 38.4% from the stock's current price.
View analysts price targets for PBR or view top-rated stocks among Wall Street analysts.

Petróleo Brasileiro S.A. - Petrobras' stock was trading at $10.98 at the beginning of 2022. Since then, PBR stock has decreased by 6.2% and is now trading at $10.30.
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Petróleo Brasileiro S.A. - Petrobras saw a decline in short interest in October. As of October 31st, there was short interest totaling 36,700,000 shares, a decline of 19.2% from the October 15th total of 45,400,000 shares. Based on an average daily volume of 36,730,000 shares, the days-to-cover ratio is currently 1.0 days.
View Petróleo Brasileiro S.A. - Petrobras' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 22nd 2023.
View our PBR earnings forecast.

Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) issued its quarterly earnings data on Saturday, November, 7th. The oil and gas exploration company reported $0.10 earnings per share for the quarter, beating analysts' consensus estimates of ($0.10) by $0.20. Petróleo Brasileiro S.A. - Petrobras had a trailing twelve-month return on equity of 39.46% and a net margin of 28.74%.

Petróleo Brasileiro S.A. - Petrobras announced a -- dividend on Wednesday, August 3rd. Stockholders of record on Monday, August 15th will be given a dividend of $1.2949 per share on Thursday, September 8th. This represents a dividend yield of 44.8%. The ex-dividend date of this dividend is Friday, August 12th.
Read our dividend analysis for PBR.

Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) pays an annual dividend of $4.22 per share and currently has a dividend yield of 40.94%. PBR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 81.15%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, PBR will have a dividend payout ratio of 105.24% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for PBR.

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.

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).

Petróleo Brasileiro S.A. - Petrobras trades on the New York Stock Exchange (NYSE) under the ticker symbol "PBR."

Petróleo Brasileiro S.A. - Petrobras' stock is owned by a number of institutional and retail investors. Top institutional investors include Lazard Asset Management LLC (0.45%), Optiver Holding B.V. (0.00%), ARGA Investment Management LP (0.25%), Two Sigma Investments LP (0.20%), Two Sigma Advisers LP (0.17%) and Citadel Advisors LLC (0.00%).
View institutional ownership trends.

Shares of PBR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PBR stock can currently be purchased for approximately $10.30.

Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) has a market capitalization of $67.18 billion and generates $83.97 billion in revenue each year. The oil and gas exploration company earns $19.88 billion in net income (profit) each year or $5.20 on an earnings per share basis.

The company employs 45,532 workers across the globe.

Petróleo Brasileiro S.A. - Petrobras' mailing address is AVENIDA REPUBLICA DO CHILE 65, RIO DE JANERIO RJ BR D5, 20031-912. The official website for the company is www.petrobras.com.br. The oil and gas exploration company can be reached via phone at 552132244477, via email at acionistas@petrobras.com, or via fax at 55-21-3224-6055.