Petroleo Brasileiro S.A. – Petrobras (NYSE:PBR) finished Thursday with a subtraction of -$0.17 to close at $10.68, a downside of -1.57 percent. An average of 23,903,541 shares of common stock have been traded in the last five days. There was a gain of $0.38 in the past week, and it reached a new high 27 times over the past 12 months. The last 20 days have seen an average of 31,448,285 shares traded, while the 50-day average volume stands at 39,937,578.
PBR stock has decreased by -4.13% in the last month. The company shares reached their 1-month lowest point of $8.88 on 12/14/22. With the stock rallying to its 52-week high on 10/21/22, shares of the company touched a low of $8.88 and a high of $16.04 in 52 weeks. It has reached a new high 26 times so far this year and achieved 1.11% or -$0.30 in price. In spite of this, the price is down -33.41% from the 52-week high.
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Petroleo Brasileiro S.A. – Petrobras (PBR) has a trailing price-to-earnings (P/E) ratio of 2.04. The stock’s beta is 1.45. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.53, the price-to-book (PB) ratio at 0.97.
The company has a payout ratio of 124.10%. The company’s most recent quarterly dividend payment was $1.2949 a share, representing a up of 89.59% from $0.6830 last year. Its latest increase dividend $0.6119 reported on Wednesday August 3 2022.
The quick ratio of Petroleo Brasileiro S.A. – Petrobras for the three months ended September 29 was 0.80, and the current ratio was 1.20, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.66 and a total debt to equity ratio of 0.79 for the quarter ending September 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 18.00%.
For the three-month period that ended September 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 down 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 $1.55 per share, but it turned out to be $1.36, a -12.30% surprise. For the quarter, EBITDA amounted to $17.44 billion.
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 29 December was 53.13%, suggesting the stock is Neutral, with historical volatility in this time frame at 36.48%.
As of today, PBR’s price is $10.79 +3.69% or $0.38 from its 5-day moving average. PBR is currently trading -8.64% lower than its 20-day SMA and -30.38% lower than its 100-day SMA. However, the stock’s current price level is -25.57% below the SMA50 and -18.29% below the SMA200.
The stochastic %K and %D were 82.34% and 83.06%, respectively, and the average true range (ATR) was 0.47. With the 14-day stochastic at 81.45% and the average true range at 0.49, the RSI (14) stands at 48.87%. The stock has reached 0.43 on the 9-day MACD Oscillator while the 14-day reading was at 0.58.
UBS downgraded Petroleo Brasileiro S.A. – Petrobras (NYSE: PBR) to a a Sell rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Petroleo Brasileiro S.A. – Petrobras (PBR) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell PBR, while 10 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 2 others rate it as a “buy”.
What is PBR’s price target for the next 12 months?
Analysts predict a range of price targets between $8.45 and $16.50, with a median target of $13.75. Taking a look at these predictions, the average price target given by analysts for Petroleo Brasileiro S.A. – Petrobras (PBR) stock is $13.45.