Petroleo Brasileiro S.A. – Petrobras (NYSE:PBR) saw an upside of 0.15% to close Tuesday at $13.49 after adding $0.02 on the day. The 5-day average trading volume is 22,295,301 shares of the company’s common stock. It has gained $14.14 in the past week and touched a new high 1 time within the past 5 days. An average of 20,206,744 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 21,236,055.
PBR’s 1-month performance is -0.81% or -$0.12 on its low of $13.02 reached on 07/17/23. The company’s shares have touched a 52-week low of $8.71 and high of $15.69, with the stock’s rally to the 52-week high happening on 06/21/23. YTD, PBR has achieved 29.16% or $2.84 and has reached a new high 11 times. However, the current price is down -14.01% from the 52-week high price.
Valuation Metrics
PBR stock has a beta of 1.47. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.67 while the price-to-book (PB) in the most recent quarter is 1.17.
Petroleo Brasileiro S.A. – Petrobras’s quick ratio for the period ended June 29 was 0.60, with the current ratio over the same period at 0.90. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.62, while the total debt to equity was 0.75.. In terms of profitability, the gross margin trailing 12 months is 48.50%. The trailing 12-month EBITDA margin is 52.84% while for the period ending June 29, Petroleo Brasileiro S.A. – Petrobras’s operating margin was 36.70%. The firm’s gross profit as reported stood at $64.99 billion against revenue of $124.47 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Petroleo Brasileiro S.A. – Petrobras’s cash and short-term investments amounted to $3.25 billion against total debt of $279.37 billion. Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 29.34% to $10.15 billion, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected PBR to announce $0.84 per share in earnings in its latest quarter, but it posted $0.89, representing a 6.00% surprise. EBITDA for the quarter stood at more than $11.73 billion. PBR stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 128.27 billion, with total debt at $279.37 billion.
Let’s look briefly at Petroleo Brasileiro S.A. – Petrobras (PBR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 August was 40.77% to suggest the stock is trending Neutral, with historical volatility in this time period at 48.87%.
The stock’s 5-day moving average is $13.71, reflecting a -4.93% or -$0.70 change from its current price. PBR is currently trading -0.52% above its 20-day SMA, +35.17% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +14.81% and SMA200 by-9.28%.
Stochastic %K and %D was 19.06% and 32.74% and the average true range (ATR) pointed at 0.45. The RSI (14) points at 45.34%, while the 14-day stochastic is at 20.26% with the period’s ATR at 0.44. The stock’s 9-day MACD Oscillator is pointing at -0.40 and -0.51 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Petroleo Brasileiro S.A. – Petrobras (NYSE: PBR), JP Morgan downgraded it to a Neutral rating. They previously had an Overweight rating on the stock. Analysts offering their rating for PBR stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate PBR as a “sell,”, while 8 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 5 have offered a “buy” rating.
What is PBR’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $5.53 and a high of $19.00, with their median price target at $15.00. Looking at these predictions, the average price target given by analysts is for Petroleo Brasileiro S.A. – Petrobras (PBR) stock is $14.25.
