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NYSE:PBR

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

$10.84
-0.08 (-0.73%)
(As of 02/3/2023 12:00 AM ET)
Add
Compare
Today's Range
$10.73
$11.12
50-Day Range
$9.14
$11.93
52-Week Range
$8.88
$16.32
Volume
22.13 million shs
Average Volume
24.32 million shs
Market Capitalization
N/A
P/E Ratio
2.08
Dividend Yield
30.15%
Price Target
$14.00

Petróleo Brasileiro S.A. - Petrobras MarketRank™ Forecast

Analyst Rating
Hold
1.88 Rating Score
Upside/​Downside
29.2% Upside
$14.00 Price Target
Short Interest
Bearish
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.90mentions of Petróleo Brasileiro S.A. - Petrobras in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-32.70%
From $5.29 to $3.56 Per Share

Overall MarketRank

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

2.06 out of 5 stars

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Since 1997, when the government granted monopoly was revoked, the company has expanded its operations into other countries and is now functional in 16 nations.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



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PBR Stock News Headlines

Petrobras (PBR) Stock Moves -0.09%: What You Should Know
“Future Fuel” will unleash $11 trillion wave of wealth
The next major energy revolution is unfolding right now. And it could hand early investors as much as 46,700% gains…
“Future Fuel” will unleash $11 trillion wave of wealth
The next major energy revolution is unfolding right now. And it could hand early investors as much as 46,700% gains…
Petrobras Falls After Removal From Privatization List
Lula picks political ally as next Petrobras chief
See More Headlines
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PBR Company Calendar

Last Earnings
11/07/2020
Today
2/03/2023
Next Earnings (Estimated)
2/22/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
N/A
Employees
45,532
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$14.00
High Stock Price Forecast
$16.00
Low Stock Price Forecast
$11.00
Forecasted Upside/Downside
+29.2%
Consensus Rating
Hold
Rating Score (0-4)
1.88
Research Coverage
8 Analysts

Profitability

Net Income
$19.88 billion
Pretax Margin
42.41%

Debt

Sales & Book Value

Annual Sales
$83.97 billion
Cash Flow
$3.97 per share
Book Value
$10.70 per share

Miscellaneous

Free Float
N/A
Optionable
Optionable
Beta
1.35

Key Executives

  • Jean Paul Terra Prates
    Chief Executive Officer & Director
  • Rodrigo Araujo AlvesRodrigo Araujo Alves
    Chief Financial Officer
  • Marcia Tosta
    Head-Cyber & Information Security
  • Marcelo da Silva Carreras
    Head-IT & Telecommunications
  • Salvador Dahan
    Executive Director-Governance & Compliance













PBR Stock - Frequently Asked Questions

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

8 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 7 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.

What is Petróleo Brasileiro S.A. - Petrobras' stock price forecast for 2023?

8 equities research analysts have issued twelve-month target prices for Petróleo Brasileiro S.A. - Petrobras' stock. Their PBR share price forecasts range from $11.00 to $16.00. On average, they predict the company's share price to reach $14.00 in the next year. This suggests a possible upside of 29.7% 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 beginning of 2023. Since then, PBR shares have increased by 1.3% and is now trading at $10.79.
View the best growth stocks for 2023 here
.

Are investors shorting Petróleo Brasileiro S.A. - Petrobras?

Petróleo Brasileiro S.A. - Petrobras saw a decrease in short interest in December. As of December 30th, there was short interest totaling 40,950,000 shares, a decrease of 21.2% from the December 15th total of 51,940,000 shares. Based on an average daily trading volume, of 36,930,000 shares, the days-to-cover ratio is presently 1.1 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 Wednesday, February 22nd 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 earnings results on Saturday, November, 7th. The oil and gas exploration company reported $0.10 earnings per share (EPS) 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%.

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 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 Thursday, September 8th. This represents a yield of 44.8%. The ex-dividend date of this dividend is Friday, August 12th.
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 $3.44 per share and currently has a dividend yield of 30.15%. PBR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 66.15%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, PBR will have a dividend payout ratio of 96.63% in the coming year. This indicates that the company may not be able to sustain their current 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 many different retail and institutional investors. Top institutional investors include National Bank of Canada FI (0.22%), Mondrian Investment Partners LTD (0.00%), Truxt Investmentos Ltda. (0.00%), Pendal Group Ltd (0.06%), Artemis Investment Management LLP (0.00%) and Todd Asset Management LLC (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 $10.79.

How many employees does Petróleo Brasileiro S.A. - Petrobras have?

The company employs 45,532 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 2/3/2023 by MarketBeat.com Staff