In last trading session, Petroleo Brasileiro S.A. – Petrobras (NYSE:PBR) saw 7,396,524 shares changing hands with its beta currently measuring 2.07. Company’s recent per share price level of $8.05 trading at -$0.3 or -4.46% at recent trade assigns it a market valuation of $51.15 Billion. That current price of PBR’s stock is at a discount of -110.56% from its 52-week high price of $16.95 and is indicating a premium of 50.19% from its 52-week low price of $4.01. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 20.68 Million shares which gives us an average trading volume of 31Million if we extend that period to 3-months.
For Petroleo Brasileiro S.A. – Petrobras (PBR), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.2. Splitting up the data highlights that, out of 16 analysts covering the stock, 1 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 13 see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.07 in the current quarter.
Petroleo Brasileiro S.A. – Petrobras (NYSE:PBR) trade information
In the face of being in the red today for losing -3.93%, in the last five days PBR remained trading in the green while hitting it’s week-highest on Tuesday, Jun 23 when the stock touched $8.95-9 price level, adding 9.78% to its value on the day. Petroleo Brasileiro S.A. – Petrobras’s shares saw a change of -49.34% in year-to-date performance and have moved -3.98% in past 5-day. Petroleo Brasileiro S.A. – Petrobras (NYSE:PBR) showed a performance of 6.11% in past 30-days. Number of shares sold short was 42.93 Million shares which calculate 1.38 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $14.16 to the stock, which implies a rise of 75.9% to its current value. Analysts have been projecting $9 as a low price target for the stock while placing it at a high target of $37. It follows that stock’s current price would jump +359.63% in reaching the projected high whereas dropping to the targeted low would mean a loss of 11.8% for stock’s current value.
Petroleo Brasileiro S.A. – Petrobras (PBR) estimates and forecasts
Statistics highlight that Petroleo Brasileiro S.A. – Petrobras is scoring comparatively lower than the scores of other players of the relevant industry. The company lessened -47.07% of value to its shares in past 6 months, showing an annual growth rate of -125.42% while that of industry is -70.9. Apart from that, the company came lowering its revenue forecast for fiscal year 2020. The company is estimating its revenue growth to decline by -66.7% in the current quarter and calculating -127% decline in the next quarter. This year revenue growth is estimated to drop -32.7% from the last financial year’s standing.
5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $16.89 Billion for the same. And 5 analysts are in estimates of company making revenue of $9.19 Billion in the next quarter that will end in June 01, 2020. Company posted $21.14 Billion and $18.51 Billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to drop by -20.1% while estimating it to be -50.4% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 27.7% during past 5 years. In 2020, company’s earnings growth rate is likely to be around 32.9% while estimates for its earnings growth in next 5 years are of 0%
Petroleo Brasileiro S.A. – Petrobras (NYSE:PBR)’s Major holders
Insiders are in possession of 0.05% of company’s total shares while institution are holding 14.62% percent of that, with stock having share float percentage of 14.62%. Investors also watch the number of corporate investors in a company very closely, which is 480 institutions for Petroleo Brasileiro S.A. – Petrobras that are currently holding shares of the company. Renaissance Technologies, LLC is the top institutional holder at PBR for having 66.17 Million shares of worth $363.94 Million. And as of March 30, 2020, it was holding 4.59% of the company’s outstanding shares.
The second largest institutional holder is Capital World Investors, which was holding about 61.5 Million shares on March 30, 2020. The number of shares represents firm’s hold over 4.26% of outstanding shares, having a total worth of $338.27 Million.
On the other hand, Europacific Growth Fund and DFA Investment Dimensions-DFA Emerging Mkts Value are the top two Mutual Funds which own company’s shares. As of March 30, 2020, the former fund manager was holding 45607884 shares of worth $250.84 Million or 3.16% of the total outstanding shares. The later fund manager was in possession of 11.69 Million shares on January 30, 2020, making its stake of worth around $164.89 Million in the company or a holder of 0.81% of company’s stock.