Petroleo Brasileiro S.A. – Petrobras (NYSE:PBR) does about 36.77M shares in volume on a normal day but saw 29117557 shares change hands in Monday trading. The company now has a market cap of 72.06B USD. Its current market price is $11.73, marking an increase of 2.36% compared to the previous close of $11.46. The 52 week high reached by this stock is $16.04 whilst the lowest price level in 52 weeks is $8.88. The script in recent trading has seen the stock touch a high of $12.07 and a low of $11.55.
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Petroleo Brasileiro S.A. – Petrobras (PBR) has a 20-day trading average at $10.71 and the current price is -26.86% off the 52-week high compared with 32.09% distance from its 52-week low. The 50-day simple moving average of the closing price is $10.75 and its 200-day simple moving average is $12.85. If we look at the stock’s price movements over the week, volatility stands at 4.44%, which decreases to 3.72% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 62.78 to suggest the stock is neutral.
13 analysts observing the Petroleo Brasileiro S.A. – Petrobras (PBR) stock have set the 12-month price targets for the company’s shares at between $8.45 and $16.50. The consensus objective for the share price is $14.72, suggesting that the stock has a potential upside of 20.31% over the period. The median price target is 14.69% away from the current levels at $13.75.
FactSet Research has provided data showing that 13 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 1 advise that it is a overweight. 2 analysts have rated it as a buy and 10 have advised that investors hold their positions. The consensus recommendation rating is Hold and Wall Street’s advice is for investors to Moderate Buy the stock.
Goldman also downgraded the stock to “Neutral” from Buy on November 04, 2022 at a price target of $13.60-$12.30. JP Morgan downgraded its price target at $20-$14.
The current price level is 10.31%, 9.46%, and -6.85% away from its SMA20, SMA50, and SMA200 respectively, with the PBR price moving above the 50-day SMA on January 23. Petroleo Brasileiro S.A. – Petrobras (PBR) stock is up 8.21% over the week and 17.42% over the past month. Its price is 10.14% year-to-date and -3.61% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2022, with the company’s earnings per share (EPS) of $1.17 below consensus estimates by -$0.04. The company’s next earnings report is expected on 05/11/2023, with forecasts estimating quarterly EPS at $1.51 and $5.07 for whole year. PBR’s earnings per share are forecast to grow by 113.00% this year and -26.80% over next year. Expected sales for next quarter are $30.62 billion, which analysts say will come at $114.27 billion for the current fiscal year and next year at $103.88 billion. In addition, estimates put the company’s current quarterly revenue at an average of $30.54 billion.
Its 12-month price target is $13.75. To reach the target analysts have set, the stock logically needs to grow 20.31 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $8.45, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $16.50.
Outstanding shares total 6.52B with insiders holding 0.00% of the shares and institutional holders owning 22.49% of the company’s common stock. The company has a return on investment of 23.60% and return on equity of 44.00%. The price to earnings ratio (P/E ratio) amounts to 2.24 while the forward price to earnings ratio is 3.34. The beta has a value of 1.39. Price to book ratio is 1.06 and price to sales ratio is 0.60.
Goldman Sachs GQG Partners Intern isn’t the only investment manager who changed stakes and is followed by GQG Partners Emerging Markets Equ, which added 1.18 million shares to end up with 37,762,604 shares worth $402.17 million. Baillie Gifford Emerging Markets cut their holdings by -7.75% in the company over the course of the most recent quarter. It now holds a 0.42% position in Petroleo Brasileiro S.A. – Petrobras thanks to 15.65 million shares amounting to $166.65 million.
