As of Friday close, Petroleo Brasileiro S.A. – Petrobras’s (NYSE:PBR) stock was down -$0.51, moving down -3.64 percent to $13.52. The average number of shares traded per day over the past five days has been 27,134,980 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.41 fall in that time frame. In the last twenty days, the average volume was 20,037,430, while in the previous 50 days, it was 21,203,229.
Since last month, PBR stock rose 0.07%. Shares of the company fell to $13.02 on 07/17/23, the lowest level in the past month. A 52-week high of $15.69 was reached on 06/21/23 after having rallying from a 52-week low of $8.71. Since the beginning of this year, PBR’s stock price has risen by 29.44% or $2.87, and marked a new high 11 times. However, the stock has declined by -13.82% 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 2.30. The stock’s beta is 1.46. Besides these, the trailing price-to-sales (P/S) ratio of 0.62, the price-to-book (PB) ratio of 1.04.
The latest dividend of $0.3360 per share was paid out, which is -39.02% less than last year’s $0.5510. On Friday June 2 2023, a $0.2150 dividend decrease was announced.
Financial Health
In the three months ended June 29, Petroleo Brasileiro S.A. – Petrobras’s quick ratio stood at 0.90, 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 June 29 was 0.55, and the total debt-to-equity ratio was 0.67. On the profitability front, the trailing twelve-month gross margin is 48.50% percent. In the year ended June 29, EBITDA margin amounted to 52.84%, whereas operating margins totaled 45.30%. Based on annual data, PBR earned $64.99 billion in gross profit and brought in $124.47 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 32.40%. Return on equity (ROE) for the past 12 months was 47.00%.
In Petroleo Brasileiro S.A. – Petrobras’s quarter-end financial report for June 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 $0.84 quarterly earnings, the actual figure was $0.89 per share, beating the consensus estimate by 6.00%. During the quarter, the company generated $14.48 billion in EBITDA. The liabilities of Petroleo Brasileiro S.A. – Petrobras were 113.21 billion at the end of its most recent quarter ended June 29, and its total debt was $271.03 billion.
Technical Picture
This quick technical analysis looks at Petroleo Brasileiro S.A. – Petrobras’s (PBR) price momentum. With a historical volatility rate of 50.53%, the RSI 9-day stood at 41.06% on 04 August.
With respect to its five-day moving average, the current Petroleo Brasileiro S.A. – Petrobras price is down by -2.94% percent or -$0.41. At present, PBR shares trade -0.66% below its 20-day simple moving average and +29.63% percent above its 100-day simple moving average. However, the stock is currently trading approximately +14.67% above its SMA50 and -3.29% below its SMA200.
Stochastic coefficient K was 46.95% and Stochastic coefficient D was 62.13%, while ATR was 0.49. Given the Stochastic reading of 20.13% for the 14-day period, the RSI (14) reading has been calculated as 45.63%. As of today, the MACD Oscillator reading stands at -0.27, while the 14-day reading stands at -0.13.
Analyst Ratings
Petroleo Brasileiro S.A. – Petrobras downgraded its rating on Petroleo Brasileiro S.A. – Petrobras (NYSE: PBR) to a Neutral in a note to investors on Aug-05-23. The analysts firm previously had an Overweight 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 8 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Petroleo Brasileiro S.A. – Petrobras stock as buy, with 5 recommending it as overweight.
With a median target price of $15.00, the current consensus forecast for the stock is $5.53 – $19.10. Based on these forecasts, analysts predict Petroleo Brasileiro S.A. – Petrobras (PBR) will achieve an average price target of $14.33.
