Gains May Be On The Menu For Petroleo Brasileiro S.A. Petrobras ADR (NYSE: PBR)

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 6.38% and 2.25% over the past three months. PBR shares are trading -1.22% year to date (YTD), with the 12-month market performance up to 17.84% 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 16.29 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 4.29%, 4.94%, and 0.87% 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 $57.04B and a beta (3y monthly) value of 1.44. The stock’s trailing 12-month PE ratio is 6.22, 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 2.32% over the week and 1.97% over the month.

Earnings per share for the fiscal year are expected to decrease by -33.38%, and 21.00% over the next financial year. EPS should shrink at an annualized rate of -5.31% 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. JP Morgan stated their Overweight rating for the stock in a research note on September 25, 2024, with the firm’s price target at $16.50-$19. Morgan Stanley coverage for the Petroleo Brasileiro S.A. Petrobras ADR (PBR) stock in a research note released on August 26, 2024 offered a Overweight rating with a price target of $20. HSBC Securities on their part issued Buy rating on March 25, 2024.

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