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NYSE:PBR

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

$14.84
-0.10 (-0.67%)
(As of 05:07 PM ET)
Compare
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
0.51mentions of Petróleo Brasileiro S.A. - Petrobras in the last 14 days
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


PBR stock logo

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Since 1997, when the government granted monopoly was revoked, the company has expanded its operations into other countries and is now functional in 16 nations.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

PBR Stock News Headlines

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
Petrobras (PBR) Stock Moves -1.11%: What You Should Know
Petrobras: Red Flags Are Falling Apart One By One
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
Brazil Prices Rise Less Than Expected, Cementing Rate Cut
8 Analysts Have This to Say About Petrobras Brasileiro
Petrobras: The Best Way To Play The Oil Bull Market
Build a Strong Energy Portfolio With 3 Stocks
Brazil's Petrobras buys carbon credits for the first time
Petrobras Suspends Key Asset Sales
Petrobras: Why Lula Is Not A Threat
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

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
N/A
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

Net Income
$36.62 billion
Pretax Margin
38.60%

Debt

Sales & Book Value

Annual Sales
$124.47 billion
Cash Flow
$7.40 per share
Book Value
$10.71 per share

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













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
.

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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