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S&P 500   4,191.98
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Mount Etna volcano erupts, raining ash on Catania, forcing flight suspension at local airport
Sell every Stock except ONE (Ad)
China tells tech manufacturers to stop using Micron chips, stepping up feud with United States
Stock market today: Asian shares mostly rise despite worries about US debt talks
Laser breakthrough could send stock soaring 2,467% (Ad)
SpaceX launches two Saudi astronauts on private flight to space station
Civil rights groups warn tourists about Florida in wake of 'hostile' laws
Laser breakthrough could send stock soaring 2,467% (Ad)
South Korean, German leaders agree to cooperate on supply chains, North Korea
Animal rights activists protest octopus farm plans in Spain
S&P 500   4,191.98
DOW   33,426.63
QQQ   336.51
Mount Etna volcano erupts, raining ash on Catania, forcing flight suspension at local airport
Sell every Stock except ONE (Ad)
China tells tech manufacturers to stop using Micron chips, stepping up feud with United States
Stock market today: Asian shares mostly rise despite worries about US debt talks
Laser breakthrough could send stock soaring 2,467% (Ad)
SpaceX launches two Saudi astronauts on private flight to space station
Civil rights groups warn tourists about Florida in wake of 'hostile' laws
Laser breakthrough could send stock soaring 2,467% (Ad)
South Korean, German leaders agree to cooperate on supply chains, North Korea
Animal rights activists protest octopus farm plans in Spain
S&P 500   4,191.98
DOW   33,426.63
QQQ   336.51
Mount Etna volcano erupts, raining ash on Catania, forcing flight suspension at local airport
Sell every Stock except ONE (Ad)
China tells tech manufacturers to stop using Micron chips, stepping up feud with United States
Stock market today: Asian shares mostly rise despite worries about US debt talks
Laser breakthrough could send stock soaring 2,467% (Ad)
SpaceX launches two Saudi astronauts on private flight to space station
Civil rights groups warn tourists about Florida in wake of 'hostile' laws
Laser breakthrough could send stock soaring 2,467% (Ad)
South Korean, German leaders agree to cooperate on supply chains, North Korea
Animal rights activists protest octopus farm plans in Spain
NYSE:PBR

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

$11.71
0.00 (0.00%)
(As of 05/19/2023 08:48 PM ET)
Compare
Today's Range
$11.66
$11.82
50-Day Range
$9.63
$12.29
52-Week Range
$8.88
$16.32
Volume
15.29 million shs
Average Volume
22.80 million shs
Market Capitalization
$76.37 billion
P/E Ratio
2.17
Dividend Yield
21.26%
Price Target
$14.00

Petróleo Brasileiro S.A. - Petrobras MarketRank™ Forecast

Analyst Rating
Hold
1.86 Rating Score
Upside/​Downside
19.6% Upside
$14.00 Price Target
Short Interest
Healthy
0.55% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.43mentions of Petróleo Brasileiro S.A. - Petrobras in the last 14 days
Based on 17 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-3.25%
From $3.38 to $3.27 Per Share

Overall MarketRank

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

1.94 out of 5 stars

Oils/Energy Sector

183rd out of 238 stocks

Crude Petroleum & Natural Gas Industry

64th out of 75 stocks


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

66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
Petrobras: Always Ask Why It's Still So 'Cheap'
See More Headlines
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PBR Company Calendar

Last Earnings
3/02/2023
Ex-Dividend for 5/26 Dividend
4/28/2023
Today
5/22/2023
Dividend Payable
5/26/2023
Next Earnings (Estimated)
7/27/2023
Fiscal Year End
12/31/2023

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 Forecast
$14.00
High Stock Price Forecast
$16.00
Low Stock Price Forecast
$11.00
Forecasted Upside/Downside
+19.6%
Consensus Rating
Hold
Rating Score (0-4)
1.86
Research Coverage
7 Analysts

Profitability

Net Income
$36.62 billion
Pretax Margin
41.33%

Debt

Sales & Book Value

Annual Sales
$124.47 billion
Cash Flow
$7.32 per share
Book Value
$12.18 per share

Miscellaneous

Outstanding Shares
6,522,100,000
Free Float
N/A
Market Cap
$76.37 billion
Optionable
Optionable
Beta
1.37

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
  • Mário Spinelli
    Executive Director-Governance & Compliance













PBR Stock - Frequently Asked Questions

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

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Petróleo Brasileiro S.A. - Petrobras in the last twelve months. There are currently 1 sell rating and 6 hold ratings for the stock. The consensus among Wall Street 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?

7 equities research analysts have issued 12 month price targets for Petróleo Brasileiro S.A. - Petrobras' shares. 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 19.6% 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 start of the year. Since then, PBR shares have increased by 10.0% and is now trading at $11.71.
View the best growth stocks for 2023 here
.

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

Petróleo Brasileiro S.A. - Petrobras saw a increase in short interest during the month of April. As of April 15th, there was short interest totaling 36,170,000 shares, an increase of 16.8% from the March 31st total of 30,970,000 shares. Based on an average trading volume of 22,050,000 shares, the days-to-cover ratio is currently 1.6 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 Thursday, July 27th 2023.
View our PBR earnings forecast
.

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

Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) issued its earnings results on Thursday, March, 2nd. The oil and gas exploration company reported $1.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.10 by $0.15. The oil and gas exploration company earned $30.17 billion during the quarter, compared to the consensus estimate of $31.03 billion. Petróleo Brasileiro S.A. - Petrobras had a trailing twelve-month return on equity of 44.84% and a net margin of 28.50%.

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 Saturday, April 22nd. Investors of record on Monday, May 1st will be paid a dividend of $0.551 per share on Friday, May 26th. This represents a dividend yield of 38.26%. The ex-dividend date of this dividend is Friday, April 28th. This is a boost from the stock's previous 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 $2.49 per share and currently has a dividend yield of 21.26%. PBR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 46.11%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, PBR will have a dividend payout ratio of 76.15% 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 a variety of retail and institutional investors. Top institutional shareholders include GQG Partners LLC (3.24%), ARGA Investment Management LP (0.29%), Optiver Holding B.V. (0.00%), Susquehanna International Group LLP (0.00%), Mondrian Investment Partners LTD (0.20%) and Thornburg Investment Management Inc. (0.11%).
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 $11.71.

How much money does Petróleo Brasileiro S.A. - Petrobras make?

Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) has a market capitalization of $76.37 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 $5.40 on an earnings per share basis.

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

The company employs 45,149 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 5/22/2023 by MarketBeat.com Staff

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