Petroleo Brasileiro S.A. Petrobras ADR (NYSE:PBR) finished Thursday with a subtraction of -$0.1 to close at $14.84, a downside of -0.67 percent. An average of 14,524,000 shares of common stock have been traded in the last five days. There was a fall of -$0.14 in the past week, and it reached a new high 10 times over the past 12 months. The last 20 days have seen an average of 19,402,930 shares traded, while the 50-day average volume stands at 20,017,459.
PBR stock has increased by 1.78% in the last month. The company shares reached their 1-month lowest point of $13.97 on 08/31/23. With the stock rallying to its 52-week high on 09/18/23, shares of the company touched a low of $8.61 and a high of $15.71 in 52 weeks. It has reached a new high 15 times so far this year and achieved 43.64% or $4.19 in price. In spite of this, the price is down -5.54% from the 52-week high.
Valuation Metrics
Petroleo Brasileiro S.A. Petrobras ADR (PBR) has a trailing price-to-earnings (P/E) ratio of 3.21. The stock’s beta is 1.42. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.49, the price-to-book (PB) ratio at 1.26, and the price-to-cash flow ratio at 1.71.
The company has a payout ratio of 112.94%. The company’s most recent quarterly dividend payment was $0.2353 a share, representing a down of -29.97% from $0.3360 last year. Its latest decrease dividend $0.1007 reported on Friday August 11 2023.
Financial Health
The quick ratio of Petroleo Brasileiro S.A. Petrobras ADR for the three months ended June 29 was 0.64, and the current ratio was 0.90, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.62 and a total debt to equity ratio of 0.75 for the quarter ending June 29. Its gross profit as reported stood at $64.99 billion compared to revenue of $124.47 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 ADR’s return on assets was 15.19%.
Earnings Surprise
For the three-month period that ended June 29, Petroleo Brasileiro S.A. Petrobras ADR had $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 ADR’s latest quarter earnings to come in at $0.84 per share, but it turned out to be $0.89, a 6.00% surprise. For the quarter, EBITDA amounted to $11.73 billion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Petroleo Brasileiro S.A. Petrobras ADR (PBR) price momentum. RSI 9-day as of the close on 28 September was 48.59%, suggesting the stock is Neutral, with historical volatility in this time frame at 22.31%.
As of today, PBR’s price is $14.91 -0.93% or -$0.14 from its 5-day moving average. PBR is currently trading +2.06% higher than its 20-day SMA and +37.15% higher than its 100-day SMA. However, the stock’s current price level is +9.68% above the SMA50 and +38.56% above the SMA200.
The stochastic %K and %D were 20.68% and 29.22%, respectively, and the average true range (ATR) was 0.33. With the 14-day stochastic at 20.18% and the average true range at 0.35, the RSI (14) stands at 51.97%. The stock has reached -0.25 on the 9-day MACD Oscillator while the 14-day reading was at -0.22.
Analyst Ratings
Jefferies launched coverage on Petroleo Brasileiro S.A. Petrobras ADR (NYSE: PBR) in its analyst report released on September 21, 2023. The firm assigned the stock a Buy rating. The consensus rating for Petroleo Brasileiro S.A. Petrobras ADR (PBR) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell PBR, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 8 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 $5.53 and $21.20, with a median target of $17.08. Taking a look at these predictions, the average price target given by analysts for Petroleo Brasileiro S.A. Petrobras ADR (PBR) stock is $16.15.
