Petroleo Brasileiro S.A. – Petrobras (NYSE:PBR) currently has a daily average trading volume of 24.41M but it saw 21409578 shares traded on Thursday. With a market cap of 63.24B USD, stock’s current market price of $10.02 came rising about 0.40 while comparing to the previous closing price of $9.98. In past 52 weeks, the stock remained buoying in the range of price level as high as $16.04 and as low as $8.88. In the recent trading on the day, stock has struck highest price mark of $10.05 while lowest mark touched by it was $9.79.
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Taking a look at 20-day trading activity of Petroleo Brasileiro S.A. – Petrobras (PBR) gives us an average price of $11.03, while its current price level is -37.52% below from 52-week high level whereas it is 12.84% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $11.09 while that of 200 days or SMA-200 reads an average of $12.25. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.88% during that period while stretching the period over a month that decreases to 3.71%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 35.19 which implies that the stock is in neutral territory.
The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $10.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $16.00. Average price target assigned by them is $13.54 which highlights an upside potential of 26.0% for the stock over that period. And to attain the median price target of $13.50 assigned by those analysts, stock has to add about 25.78% of value to its current levels.
Goldman downgraded its recommendation for the stock as a “Neutral” from “Buy” on November 04, 2022 while assigning a price target range of $13.60-$12.30. JP Morgan also issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $20 and $14.
Over the week, PBR’s stock price is moving -9.24% down while it is -13.84% when we observe its performance for the past one month. Year-to-date it is -5.92% down and over the past year, the stock is showing a downside performance of -20.31%.
The latest quarterly earnings report issued by the company was for quarter ended 9/29/2022, when its quarterly earnings per share (EPS) of $1.36 beaten by the consensus estimate of $1.55 for the same. The company is expected to be releasing its next quarterly report in 05/09/2023, for which analysts forecasted an EPS of $1.45 while estimate for next year EPS is $5.38. For PBR, analysts are forecasting an EPS-growth rate of 126.10% for current year and estimate for EPS growth in next year is -40.30%. In next quarter, company is expected to be making quarterly sales of $26.02 billion as analysts are expecting the sales for current fiscal year at $111.65 billion and seeing the company making $91.15 billion in sales next year. Moreover, analysts are in estimates of $29.88 billion for current-quarter revenue.
Currently, Petroleo Brasileiro S.A. – Petrobras’s total number of outstanding shares is 6.52B with 0.00% of that held by the insiders while 23.99% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 32.40% and return on equity (ROE) at 47.70%. It has a price to earnings ratio (P/E ratio) of 1.79 while having a 2.78 of forward P/E ratio. Stock’s beta reads 1.42. Stock has a price to book (P/B) ratio of 0.93 while price to sale or P/S ratio amounts to 0.51. Its return on asset (ROA) is 19.20% on average.
As per SEC documents, Goldman Sachs GQG Partners Intern sought 45,542,998 of company’s common stock of worth $505.07 million as per recent closing price of the stock. Goldman Sachs GQG Partners Intern is not the only institutional holder which restructured its stake in Petroleo Brasileiro S.A. – Petrobras, as GQG Partners Emerging Markets Equ picked 43,609,665 shares of worth $483.63 million to bring its holdings to a total of 5.85 million shares. In the most recent quarter, Baillie Gifford Emerging Markets came cutting its stake by -1.12% in the company and now holds 15.47 million or 0.42% of the company’s stake having worth of about 171.58 million.
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