NYSE:PBR

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

$14.84

-0.10 (-0.67%)

(As of 05:07 PM ET)

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Today's Range: $14.77
▼
$14.97
50-Day Range: $13.43
▼
$15.40
52-Week Range: $8.88
▼
$16.32

Volume: 15.84 million shs
Average Volume: 21.59 million shs
Market Capitalization: $96.79 billion

P/E Ratio: 3.21
Dividend Yield: 2.16%
Price Target: $15.41

Petróleo Brasileiro S.A. - Petrobras MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.60 Rating Score
Upside/Downside: 3.9% Upside
$15.41 Price Target
Short Interest: Healthy
0.51% of Shares Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.51
Based on 6 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: -5.26%
From $3.61 to $3.42 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.87 out of 5 stars

Oils/Energy Sector

176th out of 245 stocks

Crude Petroleum & Natural Gas Industry

63rd out of 81 stocks

2.3

Analyst's Opinion

Consensus Rating
Petróleo Brasileiro S.A. - Petrobras has received a consensus rating of Moderate Buy. The company's average rating score is 2.60, and is based on 6 buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $15.41, Petróleo Brasileiro S.A. - Petrobras has a forecasted upside of 3.9% from its current price of $14.83.
Amount of Analyst Coverage
Petróleo Brasileiro S.A. - Petrobras has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
0.51% of the outstanding shares of Petróleo Brasileiro S.A. - Petrobras have been sold short.
Short Interest Ratio / Days to Cover
Petróleo Brasileiro S.A. - Petrobras has a short interest ratio ("days to cover") of 1.7, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Petróleo Brasileiro S.A. - Petrobras has recently increased by 20.48%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Yield
Petróleo Brasileiro S.A. - Petrobras pays a meaningful dividend of 2.20%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Petróleo Brasileiro S.A. - Petrobras does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Petróleo Brasileiro S.A. - Petrobras is 6.93%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Petróleo Brasileiro S.A. - Petrobras will have a dividend payout ratio of 9.36% next year. This indicates that Petróleo Brasileiro S.A. - Petrobras will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for PBR.

2.0

News and Social Media Coverage

News Sentiment
Petróleo Brasileiro S.A. - Petrobras has a news sentiment score of 0.51. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.62 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Petróleo Brasileiro S.A. - Petrobras this week, compared to 7 articles on an average week.
Search Interest
Only 57 people have searched for PBR on MarketBeat in the last 30 days. This is a decrease of -36% compared to the previous 30 days.
MarketBeat Follows
65 people have added Petróleo Brasileiro S.A. - Petrobras to their MarketBeat watchlist in the last 30 days. This is an increase of 124% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Petróleo Brasileiro S.A. - Petrobras insiders have not sold or bought any company stock.
Percentage Held by Institutions
Only 11.57% of the stock of Petróleo Brasileiro S.A. - Petrobras is held by institutions.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Petróleo Brasileiro S.A. - Petrobras are expected to decrease by -5.26% in the coming year, from $3.61 to $3.42 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Petróleo Brasileiro S.A. - Petrobras is 3.21, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.08.
Price to Earnings Ratio vs. Sector
The P/E ratio of Petróleo Brasileiro S.A. - Petrobras is 3.21, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 13.65.
Price to Book Value per Share Ratio
Petróleo Brasileiro S.A. - Petrobras has a P/B Ratio of 1.38. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

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 Price History

30 days | 90 days | 365 days | Advanced Chart

PBR Stock News Headlines

September 27, 2023 | finance.yahoo.com

Brazil minister says oil and green ambitions are not contradictory

September 26, 2023 | finance.yahoo.com

Petrobras Taps Chinese Banks to Finance Deepwater Oil Expansion

September 28, 2023 | Micro-Cap Stock Trader (Ad)

U.S. drive to onshore battery supply chains could create big winners in lithium

Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons

September 23, 2023 | americanbankingnews.com

Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) Now Covered by Jefferies Financial Group

September 17, 2023 | finance.yahoo.com

Brazil Calls on Rich Nations to Pay for Global Energy Transition

September 15, 2023 | finance.yahoo.com

Brazil's Petrobras in talks with ADNOC for joint venture at Braskem -media report

September 15, 2023 | finance.yahoo.com

Petrobras (PBR) Stock Moves -1.11%: What You Should Know

September 13, 2023 | seekingalpha.com

Petrobras: Red Flags Are Falling Apart One By One

September 28, 2023 | Micro-Cap Stock Trader (Ad)

U.S. drive to onshore battery supply chains could create big winners in lithium

Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons

September 12, 2023 | finance.yahoo.com

Brazil Prices Rise Less Than Expected, Cementing Rate Cut

September 8, 2023 | markets.businessinsider.com

8 Analysts Have This to Say About Petrobras Brasileiro

September 8, 2023 | msn.com

Petroleo Brasileiro S.A.- Petrobras (PBR) is Attracting Investor Attention: Here is What You Should Know

September 8, 2023 | seekingalpha.com

Petrobras: The Best Way To Play The Oil Bull Market

September 7, 2023 | finance.yahoo.com

Mexico Presidential Candidate Galvez Wants Sweeping Energy Reforms

September 6, 2023 | stocknews.com

Build a Strong Energy Portfolio With 3 Stocks

September 5, 2023 | bloomberg.com

Petrobras Makes First Carbon Credit Purchase to Offset Emissions

September 5, 2023 | finance.yahoo.com

UPDATE 1-Brazil's Petrobras buys carbon credits for the first time

September 5, 2023 | finance.yahoo.com

Brazil's Petrobras buys carbon credits for the first time

September 4, 2023 | oilprice.com

Petrobras Suspends Key Asset Sales

September 4, 2023 | finance.yahoo.com

EMERGING MARKETS-Brazil's real rises, Chilean peso slides as copper prices fall

August 31, 2023 | finance.yahoo.com

Brazil's Pre-Salt Oil Gains Unprecedented Global Popularity

August 31, 2023 | seekingalpha.com

Petrobras: Why Lula Is Not A Threat

August 31, 2023 | msn.com

Petroleo Brasileiro S.A. Petrobras - ADR - Preference Shares (PBR.A) Price Target Increased by 7.03% to 15.60

August 25, 2023 | finance.yahoo.com

Brazil’s Inflation Speeds Past Forecasts After Key Rate Cut

August 25, 2023 | msn.com

Unusual Call Option Trade in Petroleo Brasileiro S.A. Petrobras - ADR (PBR) Worth $699.90K

August 24, 2023 | seekingalpha.com

Petrobras: Political Risk Is Decreasing, Brace For Re-Rating

August 23, 2023 | marketwatch.com

Petrobras's Preferred Shares Rise 3.9% After Positive Legal Report

See More Headlines

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PBR Company Calendar

Ex-Dividend for 8/25 Dividend: 6/13/2023
Last Earnings: 8/03/2023
Dividend Payable: 8/25/2023
Today: 9/28/2023
Next Earnings (Estimated): 11/02/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Crude petroleum & natural gas
Sub-Industry: N/A
Sector: Oils/Energy
Current Symbol: NYSE:PBR
CUSIP: N/A
CIK: 1119639
Web: www.petrobras.com.br
Phone: 552132244477
Fax: 55-21-3224-6055
Employees: 45,149
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $15.41
High Stock Price Forecast: $21.20
Low Stock Price Forecast: $11.00
Forecasted Upside/Downside: +3.6%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.60
Research Coverage: 10 Analysts

Profitability

EPS (Most Recent Fiscal Year): $4.62
Trailing P/E Ratio: 3.22
Forward P/E Ratio: 4.12
P/E Growth: N/A
Net Income: $36.62 billion
Net Margins: 26.86%
Pretax Margin: 38.60%
Return on Equity: 40.65%
Return on Assets: 15.80%

Debt

Debt-to-Equity Ratio: 0.62
Current Ratio: 0.90
Quick Ratio: 0.64

Sales & Book Value

Annual Sales: $124.47 billion
Price / Sales: 0.78
Cash Flow: $7.40 per share
Price / Cash Flow: 2.01
Book Value: $10.71 per share
Price / Book: 1.39

Miscellaneous

Outstanding Shares: 6,522,100,000
Free Float: N/A
Market Cap: $97.05 billion
Optionable: Optionable
Beta: 1.42

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Key Executives

Mr. Jean Paul Terra Prates (Age 54)
CEO & Director

Mr. Sergio Caetano Leite (Age 53)
Chief Financial & Investor Relations Officer and Member of Exec. Board

Mr. Mario Vinicius Claussen Spinelli
Chief Governance & Compliance Officer and Member of Exec. Board

Mr. Joelson Falcao Mendes (Age 54)
Chief Exploration & Production Officer and Member of Exec. Board

Mr. Carlos Jose do Nascimento Travassos (Age 55)
Chief Engineering, Technology & Innovation Officer and Member of Exec. Board

Mr. Claudio Romeo Schlosser (Age 58)
Chief Logistics, Commercialization & Markets Officer and Member of Exec. Board

Mr. William Franca da Silva
Chief Industrial Processes & Products Officer and Member of Exec. Board

Ms. Clarice Coppetti (Age 59)
Chief Corp. Affairs Officer & Member of Exec. Board

Mr. Mauricio Tiomno Tolmasquim
Chief Energy Transition & Sustainability Officer and Member of Exec. Board

Mr. Hélio Siqueira Júnior
Acting Gen. Counsel

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

PBR Stock - Frequently Asked Questions

Should I buy or sell Petróleo Brasileiro S.A. - Petrobras stock right now?: 10 Wall Street 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 6 buy ratings for the stock. The consensus among Wall Street 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 forecast for 2023?: 10 Wall Street analysts have issued 1 year price objectives for Petróleo Brasileiro S.A. - Petrobras' shares. Their PBR share price forecasts range from $11.00 to $21.20. On average, they predict the company's stock price to reach $15.41 in the next year. This suggests a possible upside of 3.6% from the stock's current price.
View analysts price targets for PBR or view top-rated stocks among Wall Street analysts.
How have PBR shares performed in 2023?: Petróleo Brasileiro S.A. - Petrobras' stock was trading at $10.65 at the start of the year. Since then, PBR stock has increased by 39.7% and is now trading at $14.88.
View the best growth stocks for 2023 here.
Are investors shorting Petróleo Brasileiro S.A. - Petrobras?: Petróleo Brasileiro S.A. - Petrobras saw a increase in short interest in September. As of September 15th, there was short interest totaling 33,300,000 shares, an increase of 20.5% from the August 31st total of 27,640,000 shares. Based on an average daily volume of 19,650,000 shares, the short-interest ratio is presently 1.7 days.
View Petróleo Brasileiro S.A. - Petrobras' Short Interest.
When is Petróleo Brasileiro S.A. - Petrobras' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our PBR earnings forecast.
How were Petróleo Brasileiro S.A. - Petrobras' earnings last quarter?: Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) posted its quarterly earnings data on Thursday, August, 3rd. The oil and gas exploration company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.97 by $0.07. The oil and gas exploration company had revenue of $22.98 billion for the quarter, compared to analyst estimates of $24.71 billion. Petróleo Brasileiro S.A. - Petrobras had a net margin of 26.86% and a trailing twelve-month return on equity of 40.65%. During the same period in the previous year, the company posted $1.39 earnings per share.
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 -- dividend on Friday, August 11th. Stockholders of record on Wednesday, August 23rd will be paid a dividend of $0.2353 per share on Thursday, November 30th. This represents a dividend yield of 26.3%. The ex-dividend date of this dividend is Tuesday, August 22nd.
Read our dividend analysis for PBR.
What ETFs hold Petróleo Brasileiro S.A. - Petrobras' stock?: ETFs with the largest weight of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) stock in their portfolio include First Trust Indxx Global Natural Resources Income ETF (FTRI), Emerge EMPWR Sustainable Emerging Markets Equity ETF (EMCH), iShares Latin America 40 ETF (ILF), Amplify Natural Resources Dividend Income ETF (NDIV), Amplify International Enhanced Dividend Income ETF (IDVO), Donoghue Forlines Yield Enhanced Real Asset ETF (DFRA), First Trust RiverFront Dynamic Emerging Markets ETF (RFEM) and Emerge EMPWR Unified Sustainable Equity ETF (EMPW).

Is Petróleo Brasileiro S.A. - Petrobras a good dividend stock?: Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) pays an annual dividend of $0.32 per share and currently has a dividend yield of 2.20%. The dividend payout ratio is 6.93%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PBR will have a dividend payout ratio of 9.36% 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).
What is Petróleo Brasileiro S.A. - Petrobras' stock symbol?: Petróleo Brasileiro S.A. - Petrobras trades on the New York Stock Exchange (NYSE) under the ticker symbol "PBR."
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 Lazard Asset Management LLC (0.45%), Mondrian Investment Partners LTD (0.18%), Citadel Advisors LLC (0.00%), Thornburg Investment Management Inc. (0.12%), SPX Gestao de Recursos Ltda (0.11%) and CMT Capital Markets Trading GmbH (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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Petróleo Brasileiro S.A. - Petrobras' stock price today?: One share of PBR stock can currently be purchased for approximately $14.88.
How much money does Petróleo Brasileiro S.A. - Petrobras make?: Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) has a market capitalization of $97.05 billion and generates $124.47 billion in revenue each year. The oil and gas exploration company earns $36.62 billion in net income (profit) each year or $4.62 on an earnings per share basis.
How many employees does Petróleo Brasileiro S.A. - Petrobras have?: The company employs 45,149 workers across the globe.
How can I contact Petróleo Brasileiro S.A. - Petrobras?: 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.

This page (NYSE:PBR) was last updated on 9/28/2023 by MarketBeat.com Staff

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