Analysis Of The Weekly Performance Of Petroleo Brasileiro S.A. – Petrobras (PBR)


Petroleo Brasileiro S.A. – Petrobras (NYSE:PBR) finished Thursday with an addition of $0.39 to close at $13.82, an upside of 2.90 percent. An average of 25,559,340 shares of common stock have been traded in the last five days. There was a gain of $0.58 in the past week, and it reached a new high 32 times over the past 12 months. The last 20 days have seen an average of 27,899,545 shares traded, while the 50-day average volume stands at 29,764,232.

PBR stock has decreased by -5.47% in the last month. The company shares reached their 1-month lowest point of $12.84 on 09/19/22. With the stock rallying to its 52-week high on 05/23/22, shares of the company touched a low of $8.85 and a high of $15.95 in 52 weeks. It has reached a new high 25 times so far this year and achieved 28.57% or $2.84 in price. In spite of this, the price is down -13.37% from the 52-week high.

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Valuation Metrics

Petroleo Brasileiro S.A. – Petrobras (PBR) has a trailing price-to-earnings (P/E) ratio of 2.93. The stock’s beta is 1.52. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.80, the price-to-book (PB) ratio at 1.15, and the price-to-cash flow ratio at 6.57.

The company has a payout ratio of 205.90%. The company’s most recent quarterly dividend payment was $1.2949 a share, representing a up of 688.13% from $0.1643 last year. Its latest increase dividend $1.1306 reported on Wednesday August 3 2022.

Financial Health

The quick ratio of Petroleo Brasileiro S.A. – Petrobras for the three months ended June 29 was 1.00, and the current ratio was 1.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.56 and a total debt to equity ratio of 0.68 for the quarter ending June 29. Its gross profit as reported stood at $40.8 billion compared to revenue of $83.97 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Petroleo Brasileiro S.A. – Petrobras’s return on assets was 16.40%.

Earnings Surprise

For the three-month period that ended June 29, Petroleo Brasileiro S.A. – Petrobras had $3.25 billion in cash and short-term investments compared to $1.35 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $10.15 billion in the quarter, while revenues were grew 29.34%. The analyst consensus anticipated Petroleo Brasileiro S.A. – Petrobras’s latest quarter earnings to come in at $1.21 per share, but it turned out to be $1.17, a -3.30% surprise. For the quarter, EBITDA amounted to $23.02 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Petroleo Brasileiro S.A. – Petrobras (PBR) price momentum. RSI 9-day as of the close on 22 September was 53.06%, suggesting the stock is Neutral, with historical volatility in this time frame at 36.58%.

As of today, PBR’s price is $13.48 +4.38% or $0.58 from its 5-day moving average. PBR is currently trading -5.92% lower than its 20-day SMA and +1.84% higher than its 100-day SMA. However, the stock’s current price level is +21.87% above the SMA50 and +28.56% above the SMA200.

The stochastic %K and %D were 37.18% and 31.75%, respectively, and the average true range (ATR) was 0.50. With the 14-day stochastic at 48.16% and the average true range at 0.53, the RSI (14) stands at 51.15%. The stock has reached 0.13 on the 9-day MACD Oscillator while the 14-day reading was at -0.02.

Analyst Ratings

BofA Securities downgraded Petroleo Brasileiro S.A. – Petrobras (NYSE: PBR) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy.


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