What To Expect Going Ahead For Petroleo Brasileiro S.A. – Petrobras (NYSE: PBR) Given Its -0.57 Percent Loss On Wednesday? – Marketing Sentinel
Home  »  Company   »  What To Expect Going Ahead For Petroleo Brasileiro...

What To Expect Going Ahead For Petroleo Brasileiro S.A. – Petrobras (NYSE: PBR) Given Its -0.57 Percent Loss On Wednesday?

During the recent session, Petroleo Brasileiro S.A. – Petrobras (NYSE:PBR)’s traded shares were 6.24 million, with the beta value of the company hitting 1.45. At the last check today, the stock’s price was $11.39, reflecting an intraday loss of -0.57% or -$0.06. The 52-week high for the PBR share is $16.13, that puts it down -41.62 from that peak though still a striking 22.83% gain since the share price plummeted to a 52-week low of $8.79. The company’s market capitalization is $78.66B, and the average trade volume was 31.43 million shares over the past three months.

Petroleo Brasileiro S.A. – Petrobras (PBR) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.40. PBR has a Sell rating from 0 analyst(s) out of 14 analysts who have looked at this stock. 6 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 8 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $1.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free.

Sponsored

Petroleo Brasileiro S.A. – Petrobras (NYSE:PBR) trade information

Petroleo Brasileiro S.A. – Petrobras (PBR) registered a -0.57% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.57% in intraday trading to $11.39 this Wednesday, 06/22/22, hitting a weekly high. The stock’s 5-day price performance is -9.91%, and it has moved by -24.98% in 30 days. Based on these gigs, the overall price performance for the year is 1.38%.

The consensus price target of analysts on Wall Street is $16.45, which implies an increase of 30.76% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $13.00 and $19.50 respectively. As a result, PBR is trading at a discount of -71.2% off the target high and -14.14% off the low.

Petroleo Brasileiro S.A. – Petrobras (PBR) estimates and forecasts

Statistics show that Petroleo Brasileiro S.A. – Petrobras has outperformed its competitors in share price, compared to the industry in which it operates. Petroleo Brasileiro S.A. – Petrobras (PBR) shares have gone up 9.34% during the last six months, with a year-to-date growth rate more than the industry average at 86.97% against 9.70. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to shrink -15.30% this quarter and then jump 117.60% in the quarter after that. In the rating firms’ projections, revenue will increase 23.90% compared to the previous financial year.

Revenue for the current quarter is expected to be $30.05 billion as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to $31.17 billion by the end of Sep 2022.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 55.90%. While earnings are projected to return 50.40% in 2022.

PBR Dividends

Petroleo Brasileiro S.A. – Petrobras is due to release its next quarterly earnings in July. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Petroleo Brasileiro S.A. – Petrobras is 4.39, with the dividend yield indicating at 38.31 percent, continuing the trend of increasing dividends in recent years.

Petroleo Brasileiro S.A. – Petrobras (NYSE:PBR)’s Major holders

Petroleo Brasileiro S.A. – Petrobras insiders own 0.00% of total outstanding shares while institutional holders control 23.48%, with the float percentage being 23.48%. GQG Partners LLC is the largest shareholder of the company, while 533 institutions own stock in it. As of Dec 30, 2021, the company held over 187.68 million shares (or 5.04% of all shares), a total value of $2.06 billion in shares.

The next largest institutional holding, with 71.8 million shares, is of Baillie Gifford and Company’s that is approximately 1.93% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $1.06 billion.

Also, the Mutual Funds coming in first place with the largest holdings of Petroleo Brasileiro S.A. – Petrobras (PBR) shares are Goldman Sachs GQG Partners International Opportunities Fund and New World Fund, Inc. Data provided on Jan 30, 2022 indicates that Goldman Sachs GQG Partners International Opportunities Fund owns about 38.45 million shares. This amounts to just over 1.03 percent of the company’s overall shares, with a $513.33 million market value. The same data shows that the other fund manager holds slightly less at 31.55 million, or about 0.85% of the stock, which is worth about $421.17 million.

Leave a Comment

Your email address will not be published.

On Key

Related Posts

[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]