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

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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.


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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.

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