This Analyst Recently Issued Research Note On Petroleo Brasileiro S.A. – Petrobras (PBR)


As of Wednesday close, Petroleo Brasileiro S.A. – Petrobras’s (NYSE:PBR) stock was down -$0.02, moving down -0.20 percent to $10.14. The average number of shares traded per day over the past five days has been 49,149,820 shares. 2 times new highs have been achieved over the past 5 days, with a -$1.44 fall in that time frame. In the last twenty days, the average volume was 48,825,285, while in the previous 50 days, it was 40,152,773.

Since last month, PBR stock retreated -25.85%. Shares of the company fell to $9.56 on 11/22/22, the lowest level in the past month. A 52-week high of $16.03 was reached on 10/21/22 after having rallying from a 52-week low of $9.20. Since the beginning of this year, PBR’s stock price has dropped by -3.98% or -$0.84, and marked a new high 26 times. However, the stock has declined by -36.75% since its 52-week high.

Do You Own These 7 Inflation-Survival Stocks?

Inflation is still near 40-year highs and rising prices are putting a big dent in our wallets. Unless you find out how to protect your portfolio and outpace inflation, you'll keep being at the mercy of economic factors out of your control. Especially since the price of electricity, food, and shelter are creeping up higher than ever. In this special report, I detail 7 stocks to help you survive and thrive in today's market. They're backed by solid companies, positioned to profit during tough economic times, and offer out-sized dividends to help you outpace inflation.

Click here to get your free copy of the report


Valuation Metrics

Right now, Petroleo Brasileiro S.A. – Petrobras (PBR) has a P/E ratio of about 2.03. The stock’s beta is 1.48. Besides these, the trailing price-to-sales (P/S) ratio of 0.55, the price-to-book (PB) ratio of 0.96.

The latest dividend of $1.2949 per share was paid out, which is 89.59% more than last year’s $0.6830. On Wednesday August 3 2022, a $0.6119 dividend increase was announced.

Financial Health

In the three months ended September 29, Petroleo Brasileiro S.A. – Petrobras’s quick ratio stood at 0.80, while its current ratio was 1.20, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.66, and the total debt-to-equity ratio was 0.79. On the profitability front, the trailing twelve-month gross margin is 47.30% percent. In the year ended September 29, operating margins totaled 47.80%. Based on annual data, PBR earned $40.8 billion in gross profit and brought in $83.97 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 23.60%. Return on equity (ROE) for the past 12 months was 44.00%.

In Petroleo Brasileiro S.A. – Petrobras’s quarter-end financial report for September 29, it reported total debt of $1.35 billion against cash and short-term investments of $3.25 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. PBR’s revenue fell -24.8% during the quarter, while net income inched up to $76.59 billion. While analysts expected Petroleo Brasileiro S.A. – Petrobras to report $1.55 quarterly earnings, the actual figure was $1.36 per share, beating the consensus estimate by -12.30%. During the quarter, the company generated $17.44 billion in EBITDA. The liabilities of Petroleo Brasileiro S.A. – Petrobras were 106.07 billion at the end of its most recent quarter ended September 29, and its total debt was $293.4 billion.

Technical Picture

This quick technical analysis looks at Petroleo Brasileiro S.A. – Petrobras’s (PBR) price momentum. With a historical volatility rate of 68.75%, the RSI 9-day stood at 22.95% on 23 November.

With respect to its five-day moving average, the current Petroleo Brasileiro S.A. – Petrobras price is down by -12.44% percent or -$1.44. At present, PBR shares trade -25.06% below its 20-day simple moving average and -10.58% percent below its 100-day simple moving average. However, the stock is currently trading approximately -24.44% below its SMA50 and -23.76% below its SMA200.

Stochastic coefficient K was 16.89% and Stochastic coefficient D was 18.89%, while ATR was 0.64. Given the Stochastic reading of 14.50% for the 14-day period, the RSI (14) reading has been calculated as 28.88%. As of today, the MACD Oscillator reading stands at -0.71, while the 14-day reading stands at -0.90.

Analyst Ratings

Petroleo Brasileiro S.A. – Petrobras downgraded its rating on Petroleo Brasileiro S.A. – Petrobras (NYSE: PBR) to a Sell in a note to investors on November 22, 2022. The analysts firm previously had a Buy rating on the stock.Petroleo Brasileiro S.A. – Petrobras (PBR) has been rated Overweight by analysts. According to 0 brokerage firms, PBR is a sell, and 10 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Petroleo Brasileiro S.A. – Petrobras stock as buy, with 4 recommending it as overweight.

With a median target price of $14.25, the current consensus forecast for the stock is $8.45 – $17.00. Based on these forecasts, analysts predict Petroleo Brasileiro S.A. – Petrobras (PBR) will achieve an average price target of $14.48.


Please enter your comment!
Please enter your name here