In the last trading session, 13.31 million Petroleo Brasileiro S.A. Petrobras ADR (NYSE:PBR) shares changed hands as the company’s beta touched 1.52. With the company’s per share price at $14.74 changed hands at -$0.2 or -1.34% during last session, the market valuation stood at $54.85B. PBR’s last price was a discount, traded about -21.51% off its 52-week high of $17.91. The share price had its 52-week low at $8.55, which suggests the last value was 41.99% up since then. When we look at Petroleo Brasileiro S.A. Petrobras ADR’s average trading volume, we note the 10-day average is 20.71 million shares, with the 3-month average coming to 18.12 million.
Petroleo Brasileiro S.A. Petrobras ADR (NYSE:PBR) trade information
Instantly PBR was in red as seen at the end of in last trading. With action 1.45%, the performance over the past five days has been green. The drop to weekly highs of 15.05 subtracted -1.34% to the stock’s daily price. The company’s shares are showing year-to-date downside of -7.70%, with the 5-day performance at 1.45% in the green. However, in the 30-day time frame, Petroleo Brasileiro S.A. Petrobras ADR (NYSE:PBR) is -16.49% down. Looking at the short shares, we see there were 21.62 million shares sold at short interest cover period of 1.24 days.
Petroleo Brasileiro S.A. Petrobras ADR (PBR) estimates and forecasts
Data shows that the Petroleo Brasileiro S.A. Petrobras ADR share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 0.88% over the past 6 months, a -19.14% in annual growth rate that is considerably higher than the industry average of -28.90%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for Petroleo Brasileiro S.A. Petrobras ADR will fall -24.30%, while the growth in revenue is estimated to hit 1.10% for the next quarter. Year-over-year growth is forecast to reach -4.30% down from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of $25.14 billion. 3 analysts are of the opinion that Petroleo Brasileiro S.A. Petrobras ADR’s revenue for the quarter ending Jun 2024 will be $26.29 billion. The company’s revenue for the corresponding quarters a year ago was $26.84 billion and $23.02 billion respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -6.30%. The estimates for the next quarter sales put growth at 14.20%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 28.80%. The 2024 estimates are for Petroleo Brasileiro S.A. Petrobras ADR earnings to decrease by -10.39%, but the outlook for the next 5-year period is at -8.80% per year.
PBR Dividends
Petroleo Brasileiro S.A. Petrobras ADR is expected to release its next quarterly earnings report in April. The 4.69% annual yield figure for the share gives it an annual dividend of 0.69. It is important to note, however, that the 4.69% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
Petroleo Brasileiro S.A. Petrobras ADR (NYSE:PBR)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.00% of Petroleo Brasileiro S.A. Petrobras ADR shares while 22.08% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 22.08%. There are 22.08% institutions holding the Petroleo Brasileiro S.A. Petrobras ADR stock share, with GQG Partners LLC the top institutional holder. As of Jun 29, 2023, the company held 5.67% of the shares, roughly 211.01 million PBR shares worth $2.92 billion.
FMR, LLC holds the second largest percentage of outstanding shares, with 1.54% or 57.35 million shares worth $793.22 million as of Jun 29, 2023.
Among Mutual Funds, the top two as of Jul 30, 2023 were Goldman Sachs GQG Partners International Opportunities Fund and Advisors Inner Circle Fund III-GQG Partners Emerging Markets Equity Fd. With 48.71 million shares estimated at $715.05 million under it, the former controlled 1.31% of total outstanding shares. On the other hand, Advisors Inner Circle Fund III-GQG Partners Emerging Markets Equity Fd held about 1.19% of the shares, roughly 44.26 million shares worth around $612.18 million.
