S&P 500   5,149.42
DOW   38,790.43
QQQ   437.48
Semis, Nvidia Set for Big Moves as GTC Conference Kicks Off
2 Deep Value, High Yield Stocks With a Double-Digit Upside
3 Stocks About to Boom on Unusual Call Option Volume
How major US stock indexes fared Monday, 3/18/2024
Are We in a Bear Market? Here are the Signs
2 Dollar Stores Taking Different Paths to Profitability
S&P 500 Valuations Hit New Highs: Anticipating a Market Pullback?
S&P 500   5,149.42
DOW   38,790.43
QQQ   437.48
Semis, Nvidia Set for Big Moves as GTC Conference Kicks Off
2 Deep Value, High Yield Stocks With a Double-Digit Upside
3 Stocks About to Boom on Unusual Call Option Volume
How major US stock indexes fared Monday, 3/18/2024
Are We in a Bear Market? Here are the Signs
2 Dollar Stores Taking Different Paths to Profitability
S&P 500 Valuations Hit New Highs: Anticipating a Market Pullback?
S&P 500   5,149.42
DOW   38,790.43
QQQ   437.48
Semis, Nvidia Set for Big Moves as GTC Conference Kicks Off
2 Deep Value, High Yield Stocks With a Double-Digit Upside
3 Stocks About to Boom on Unusual Call Option Volume
How major US stock indexes fared Monday, 3/18/2024
Are We in a Bear Market? Here are the Signs
2 Dollar Stores Taking Different Paths to Profitability
S&P 500 Valuations Hit New Highs: Anticipating a Market Pullback?
S&P 500   5,149.42
DOW   38,790.43
QQQ   437.48
Semis, Nvidia Set for Big Moves as GTC Conference Kicks Off
2 Deep Value, High Yield Stocks With a Double-Digit Upside
3 Stocks About to Boom on Unusual Call Option Volume
How major US stock indexes fared Monday, 3/18/2024
Are We in a Bear Market? Here are the Signs
2 Dollar Stores Taking Different Paths to Profitability
S&P 500 Valuations Hit New Highs: Anticipating a Market Pullback?
NYSE:PBR

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

$14.59
+0.05 (+0.34%)
(As of 03/18/2024 ET)
Today's Range
$14.21
$14.75
50-Day Range
$14.55
$17.71
52-Week Range
$9.56
$17.91
Volume
23.87 million shs
Average Volume
25.05 million shs
Market Capitalization
N/A
P/E Ratio
3.82
Dividend Yield
2.60%
Price Target
$16.15

Petróleo Brasileiro S.A. - Petrobras MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.56 Rating Score
Upside/​Downside
10.7% Upside
$16.15 Price Target
Short Interest
Bearish
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.09mentions of Petróleo Brasileiro S.A. - Petrobras in the last 14 days
Based on 12 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-6.21%
From $3.38 to $3.17 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.55 out of 5 stars

Oils/Energy Sector

182nd out of 242 stocks

Crude Petroleum & Natural Gas Industry

59th out of 76 stocks

PBR stock logo

About Petróleo Brasileiro S.A. - Petrobras Stock (NYSE:PBR)

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.



PBR Stock Price History

PBR Stock News Headlines

Claim Your Complimentary Bitcoin Reward
Many have already secured their free Bitcoin reward offered by our esteemed guest. How about you? In an effort to spread the word about our upcoming workshop, he's generously offering $10 in Bitcoin (BTC) to participants. Absolutely no strings attached.
Petrobras' Dividend Crisis Is Overblown
Petrobras: Dividend Shock (Rating Downgrade)
Like Tiny Crypto Retirement Funds
The crypto bull market is about to blast off. Bitcoin and Ethereum are surging. But so are tiny altcoins that could be so profitable… They're like tiny crypto retirement funds.
Lula Summons Petrobras CEO Over Dividend Crisis
Petrobras: Big Pullback Due To Dividend Surprise
See More Headlines
Receive PBR Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Petróleo Brasileiro S.A. - Petrobras and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
8/03/2023
Ex-Dividend for 2/27 Dividend
11/22/2023
Dividend Payable
2/27/2024
Today
3/19/2024
Next Earnings (Estimated)
5/09/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
N/A
Employees
45,149
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$16.15
High Stock Price Target
$21.20
Low Stock Price Target
$13.00
Potential Upside/Downside
+10.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.56
Research Coverage
9 Analysts

Profitability

Net Income
$36.62 billion
Pretax Margin
34.56%

Debt

Sales & Book Value

Annual Sales
$102.41 billion
Cash Flow
$6.16 per share
Book Value
$10.71 per share

Miscellaneous

Free Float
N/A
Optionable
Optionable
Beta
1.48
10 Best Stocks to Own in 2024 Cover

Click the link below and we'll send you MarketBeat's list of the 10 best stocks to own in 2024 and why they should be in your portfolio.

Get This Free Report

Key Executives

  • Mr. Jean Paul Terra Prates (Age 55)
    CEO & Director
  • Mr. Sergio Caetano Leite (Age 54)
    Chief Financial & Investor Relations Officer and Member of Executive Board
  • Mr. Mario Vinicius Claussen Spinelli
    Chief Governance & Compliance Officer and Member of Executive Board
  • Mr. Joelson Falcao Mendes (Age 55)
    Chief Exploration & Production Officer and Member of Executive Board
  • Mr. Carlos Jose do Nascimento Travassos (Age 56)
    Chief Engineering, Technology & Innovation Officer and Member of Executive Board
  • Mr. Claudio Romeo Schlosser (Age 59)
    Chief Logistics, Commercialization & Markets Officer and Member of Executive Board
  • Mr. William Franca da Silva
    Chief Industrial Processes & Products Officer and Member of Executive Board
  • Ms. Clarice Coppetti (Age 60)
    Chief Corporate Affairs Officer & Member of Executive Board
  • Mr. Mauricio Tiomno Tolmasquim
    Chief Energy Transition & Sustainability Officer and Member of Executive Board
  • Mr. Hélio Siqueira Júnior
    Acting General Counsel

Should I Buy Petróleo Brasileiro S.A. - Petrobras Stock? PBR Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Petróleo Brasileiro S.A. - Petrobras was last updated on Friday, March 15, 2024 at 3:04 AM.

Pros

Here are some ways that investors could benefit from investing in Petróleo Brasileiro S.A. - Petrobras:

  • Petróleo Brasileiro S.A. - Petrobras has been receiving positive analyst ratings, with some analysts upgrading the stock to a "buy" rating, indicating potential growth.
  • The company has a diversified business model operating in exploration, production, refining, transportation, marketing, gas, power, and more, which can provide stability and growth opportunities.
  • Recent institutional investments in Petróleo Brasileiro S.A. - Petrobras indicate confidence from major financial entities, potentially signaling a positive outlook for the company.
  • With the current stock price at a reasonable level, investors may find an entry point that offers good value for the potential growth prospects of the company.
  • Petróleo Brasileiro S.A. - Petrobras has a long-standing history since its incorporation in 1953, showcasing stability and experience in the oil and gas industry.

Cons

Investors should be bearish about investing in Petróleo Brasileiro S.A. - Petrobras for these reasons:

  • Some analysts have downgraded Petróleo Brasileiro S.A. - Petrobras' stock rating, indicating potential risks or challenges that the company may face in the near future.
  • The oil and gas industry is subject to market volatility, geopolitical factors, and regulatory changes, which can impact the financial performance of Petróleo Brasileiro S.A. - Petrobras.
  • While the company has a diversified business model, it also means exposure to various sectors that may be affected differently by market conditions, potentially increasing overall risk.
  • Fluctuations in oil prices can directly impact the revenue and profitability of Petróleo Brasileiro S.A. - Petrobras, making it susceptible to market price changes.
  • Investors should consider the competitive landscape in the oil and gas sector, as Petróleo Brasileiro S.A. - Petrobras competes with other global energy companies, which could affect its market position and profitability.

PBR Stock Analysis - Frequently Asked Questions

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

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Petróleo Brasileiro S.A. - Petrobras in the last year. There are currently 4 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" PBR shares.
View PBR analyst ratings
or view top-rated stocks.

What is Petróleo Brasileiro S.A. - Petrobras' stock price target for 2024?

9 Wall Street research analysts have issued 12-month target prices for Petróleo Brasileiro S.A. - Petrobras' shares. Their PBR share price targets range from $13.00 to $21.20. On average, they predict the company's share price to reach $16.15 in the next twelve months. This suggests a possible upside of 10.7% 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 2024?

Petróleo Brasileiro S.A. - Petrobras' stock was trading at $15.97 on January 1st, 2024. Since then, PBR stock has decreased by 8.6% and is now trading at $14.59.
View the best growth stocks for 2024 here
.

When is Petróleo Brasileiro S.A. - Petrobras' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024.
View our PBR earnings forecast
.

How were Petróleo Brasileiro S.A. - Petrobras' earnings last quarter?

Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) released its earnings results on Thursday, August, 3rd. The oil and gas exploration company reported $0.90 EPS 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 analysts' expectations of $24.71 billion. Petróleo Brasileiro S.A. - Petrobras had a trailing twelve-month return on equity of 34.44% and a net margin of 24.30%. During the same period in the previous year, the firm earned $1.39 earnings per share.

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 quarterly dividend on Monday, November 13th. Stockholders of record on Friday, November 24th will be given a dividend of $0.243 per share on Tuesday, February 27th. This represents a $0.97 dividend on an annualized basis and a dividend yield of 6.66%. The ex-dividend date of this dividend is Wednesday, November 22nd. This is a boost from the stock's previous quarterly dividend of $0.09.
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 $0.38 per share and currently has a dividend yield of 2.57%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 9.95%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PBR will have a dividend payout ratio of 11.99% next year. This indicates that the company will be able to sustain or increase its 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).

Who are Petróleo Brasileiro S.A. - Petrobras' major shareholders?

Petróleo Brasileiro S.A. - Petrobras' stock is owned by many different institutional and retail investors. Top institutional investors include Fisher Asset Management LLC (0.00%), ARGA Investment Management LP (0.00%), Artisan Partners Limited Partnership (0.00%), Goldman Sachs Group Inc. (0.00%), Thornburg Investment Management Inc. (0.00%) and RWC Asset Advisors US 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:PBR) was last updated on 3/19/2024 by MarketBeat.com Staff

From Our Partners