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

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Petróleo Brasileiro S.A. - Petrobras in the last year. There are currently 8 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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.

10 brokerages have issued 12 month price objectives for Petróleo Brasileiro S.A. - Petrobras' stock. Their PBR share price forecasts range from $10.00 to $16.50. On average, they anticipate the company's share price to reach $13.78 in the next year. This suggests a possible upside of 1.1% 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 $10.65 at the beginning of the year. Since then, PBR shares have increased by 28.0% and is now trading at $13.63.
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Petróleo Brasileiro S.A. - Petrobras saw a increase in short interest in the month of July. As of July 15th, there was short interest totaling 27,250,000 shares, an increase of 23.7% from the June 30th total of 22,030,000 shares. Based on an average daily trading volume, of 21,430,000 shares, the days-to-cover ratio is currently 1.3 days.
View Petróleo Brasileiro S.A. - Petrobras' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our PBR earnings forecast.

Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) issued 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 earned $22.98 billion during the quarter, compared to the consensus estimate 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 last year, the business posted $1.39 EPS.

Petróleo Brasileiro S.A. - Petrobras announced a Variable dividend on Friday, June 2nd. Stockholders of record on Wednesday, June 14th will be given a dividend of $0.336 per share on Friday, August 25th. This represents a yield of 39.1%. The ex-dividend date of this dividend is Tuesday, June 13th.
Read our dividend analysis for PBR.

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).

Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) pays an annual dividend of $2.05 per share and currently has a dividend yield of 15.03%. PBR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 44.37%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PBR will have a dividend payout ratio of 64.47% next year. This indicates that the company will be able to sustain or increase its 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 retail and institutional investors. Top institutional investors include Thornburg Investment Management Inc. (0.12%), SPX Gestao de Recursos Ltda (0.11%), Victory Capital Management Inc. (0.05%), Earnest Partners LLC (0.05%), Platinum Investment Management Ltd. (0.04%) and SG Americas Securities 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 $13.63.

Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) has a market capitalization of $88.90 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.

The company employs 45,149 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.