The stock of Petroleo Brasileiro S.A. – Petrobras (NYSE:PBR) decreased by -$0.13 on Monday to finish at $13.50, down -0.95 percent. The last five days have seen an average of 15,532,520 shares of common stock traded. 11 times new highs were reached in the current year, with a gain of $2.85. The average number of shares traded over the last 20 days was 20,267,680, while the average volume over the last 50 days totaled 21,205,734.
PBR stock dropped -0.22% since last month. On 07/17/23, the company’s shares reached a one-month low of $13.02. The stock touched a high of $15.69 on 06/21/23, after rallying from a low of $8.71 in 52 weeks. The price of PBR stock has risen by 29.25% or $2.85 this year, reaching a new high 11 times. Still, the stock price is down -13.95% from the 52-week high.
Valuation Metrics
Petroleo Brasileiro S.A. – Petrobras (PBR) has a trailing price-to-earnings (P/E) ratio of 2.75. Beta for the stock is 1.47. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.72, the price-to-book (PB) ratio of 1.16.
Company paid $0.2353 per share in dividends, a decrease of -29.97% from $0.3360 last year. A $0.1007 dividend decrease was reported on Monday August 14 2023.
Financial Health
For the three months ended June 29, Petroleo Brasileiro S.A. – Petrobras’s quick ratio was 0.60, while its current ratio was 0.90, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.62, and the total debt to equity ratio is 0.75. As far as profitability goes, gross margin for the trailing twelve months is 46.60% percent. Petroleo Brasileiro S.A. – Petrobras’s EBITDA margin for the year ended June 29 was 52.84%, whereas its operating margin stood at 40.30% for the same period. Based on annual data, it had gross profit of $64.99 billion and revenue of $124.47 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. PBR’s return on assets (ROA) during the last 12 months has been 16.10%. There was a 32.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 41.50%.
Earnings Surprise
According to Petroleo Brasileiro S.A. – Petrobras’s quarterly financial report for the quarter that ended June 29, it had $1.35 billion in total debt versus $3.25 billion in cash and short-term investments. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $76.59 billion, while revenues fell by -24.8% to $0.0. It was predicted that Petroleo Brasileiro S.A. – Petrobras’s quarterly earnings would be $0.89, but it ended up being $0.84, beating the consensus by 6.00%. EBITDA was $11.73 billion for the quarter. At the end of Petroleo Brasileiro S.A. – Petrobras’s most recent quarter ended June 29, its liabilities totaled 128.27 billion, while its total debt was $279.37 billion.
Technical Picture
Here’s a quick look at Petroleo Brasileiro S.A. – Petrobras’s (PBR) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 41.48%, suggesting the stock is Neutral, with a 19.40% historical volatility rate.
The stochastic %K and %D were 27.67% and 28.10% respectively, while the average true range (ATR) was 0.40. Based on the 14-day stochastic reading of 20.92%, the RSI (14) reading is 45.54%. On the 9-day MACD Oscillator, the stock is at -0.06, and the 14-day reading is at -0.25.
Analyst Ratings
In its most recent analyst report, UBS raised its rating on Petroleo Brasileiro S.A. – Petrobras (NYSE: PBR) to a Neutral. Prior to this, analysts firm rated the stock as a Sell. Analysts have assigned Petroleo Brasileiro S.A. – Petrobras (PBR) an Overweight rating. PBR is a stock that is recommended for selling by 0 brokerage firms, while 9 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 5 others recommend it as a buy.
What is PBR’s price target for the next 12 months?
The current consensus forecast for the stock is between $5.53 and $19.00, with a median target price of $14.80. In analyzing these forecasts, the average price target given by analysts for Petroleo Brasileiro S.A. – Petrobras (PBR) is $14.57.
