Growing Through Challenges? – Petroleo Brasileiro S.A. Petrobras ADR (PBR)

Currently, there are 3.72B common shares owned by the public and among those 3.72B shares have been available to trade.

However, the script later moved the day high at 15.25, up 1.88%. The company’s stock has a 5-day price change of 3.96% and -6.00% over the past three months. PBR shares are trading -4.76% year to date (YTD), with the 12-month market performance up to 69.88% higher. It has a 12-month low price of $8.77 and touched a high of $17.91 over the same period. PBR has an average intraday trading volume of 18.28 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.56%, -6.67%, and 2.19% respectively.

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Institutional ownership of Petroleo Brasileiro S.A. Petrobras ADR (NYSE: PBR) shares accounts for 20.73% of the company’s 3.72B shares outstanding.

It has a market capitalization of $56.60B and a beta (3y monthly) value of 1.52. The stock’s trailing 12-month PE ratio is 3.98, while the earnings-per-share (ttm) stands at $3.82. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.89% over the week and 2.69% over the month.

Analysts forecast that Petroleo Brasileiro S.A. Petrobras ADR (PBR) will achieve an EPS of $0.84 for the current quarter, $0.9 for the next quarter and $3.24 for 2025. The lowest estimate earnings-per-share for the quarter is $0.78 while analysts give the company a high EPS estimate of $0.9. Comparatively, EPS for the current quarter was $1.11 a year ago. Earnings per share for the fiscal year are expected to decrease by -10.39%, and -8.67% over the next financial year. EPS should shrink at an annualized rate of -8.80% over the next five years, compared to 28.80% over the past 5-year period.

Looking at the support for the PBR, a number of firms have released research notes about the stock. HSBC Securities stated their Buy rating for the stock in a research note on March 25, 2024, with the firm’s price target at $18. Morgan Stanley coverage for the Petroleo Brasileiro S.A. Petrobras ADR (PBR) stock in a research note released on March 11, 2024 offered a Equal-Weight rating with a price target of $18. Jefferies on their part issued Buy rating on September 21, 2023.

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