Currently, there are 3.72B common shares owned by the public and among those 3.72B shares have been available to trade.
The company’s stock has a 5-day price change of -1.42% and 2.67% over the past three months. PBR shares are trading -6.10% year to date (YTD), with the 12-month market performance up to 3.04% higher. It has a 12-month low price of $12.77 and touched a high of $17.40 over the same period. PBR has an average intraday trading volume of 16.43 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 -2.01%, -0.17%, and -3.98% respectively.
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Institutional ownership of Petroleo Brasileiro S.A. Petrobras ADR (NYSE: PBR) shares accounts for 18.79% of the company’s 3.72B shares outstanding.
It has a market capitalization of $54.22B and a beta (3y monthly) value of 1.45. The stock’s trailing 12-month PE ratio is 5.91, while the earnings-per-share (ttm) stands at $2.47. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.58% over the week and 2.18% over the month.
Analysts forecast that Petroleo Brasileiro S.A. Petrobras ADR (PBR) will achieve an EPS of 0.88 for the current quarter, 0.73 for the next quarter and 3.02 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.71 while analysts give the company a high EPS estimate of 0.71. Comparatively, EPS for the current quarter was 0.86 a year ago. Earnings per share for the fiscal year are expected to decrease by -29.99%, and 15.65% 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. Morgan Stanley stated their Overweight rating for the stock in a research note on August 26, 2024, with the firm’s price target at $18-$20. Jefferies was of a view on May 15, 2024 that the stock is Hold, while HSBC Securities gave the stock Buy rating on March 25, 2024, issuing a price target of $18. Morgan Stanley on their part issued Equal-Weight rating on March 11, 2024.
