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

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Petróleo Brasileiro S.A. - Petrobras in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" PBR shares.
View PBR analyst ratings or view top-rated stocks.

3 Wall Street research analysts have issued 1-year price objectives for Petróleo Brasileiro S.A. - Petrobras' shares. Their PBR share price forecasts range from $12.00 to $14.20. On average, they anticipate the company's stock price to reach $13.10 in the next year. This suggests that the stock has a possible downside of 14.7%.
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 on January 1st, 2022. Since then, PBR shares have increased by 39.9% and is now trading at $15.36.
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Petróleo Brasileiro S.A. - Petrobras saw a drop in short interest in the month of July. As of July 31st, there was short interest totaling 17,740,000 shares, a drop of 20.5% from the July 15th total of 22,320,000 shares. Based on an average trading volume of 30,200,000 shares, the days-to-cover ratio is currently 0.6 days.
View Petróleo Brasileiro S.A. - Petrobras' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our PBR earnings forecast.

Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) posted its earnings results on Saturday, November, 7th. The oil and gas exploration company reported $0.10 EPS for the quarter, beating the consensus estimate of ($0.10) by $0.20. Petróleo Brasileiro S.A. - Petrobras had a net margin of 28.57% and a trailing twelve-month return on equity of 32.41%.

Petróleo Brasileiro S.A. - Petrobras announced a -- dividend on Wednesday, August 3rd. Shareholders of record on Monday, August 15th will be paid a dividend of $1.2949 per share on Tuesday, September 27th. This represents a dividend yield of 44.8%. The ex-dividend date of this dividend is Friday, August 12th. This is a positive change from the stock's previous -- dividend of $0.16.
Read our dividend analysis for PBR.

Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) pays an annual dividend of $3.08 per share and currently has a dividend yield of 19.96%. PBR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 64.44%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, PBR will have a dividend payout ratio of 77.78% 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 many different institutional and retail investors. Top institutional investors include Lazard Asset Management LLC (0.45%), Optiver Holding B.V. (0.00%), ARGA Investment Management LP (0.21%), Pendal Group Ltd (0.14%), Thornburg Investment Management Inc. (0.12%) and Principal Financial Group Inc. (0.08%).
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 $15.36.

Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) has a market capitalization of $100.18 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 $4.78 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.