Stock Performance And Outlook Of Petroleo Brasileiro S.A. Petrobras ADR (NYSE: PBR)

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In the last trading session, 27.22 million shares of the Petroleo Brasileiro S.A. Petrobras ADR (NYSE:PBR) were traded, and its beta was 1.52. Most recently the company’s share price was $15.21, and it changed around $0.28 or 1.88% from the last close, which brings the market valuation of the company to $56.60B. PBR currently trades at a discount to its 52-week high of $17.91, offering almost -17.75% off that amount. The share price’s 52-week low was $8.77, which indicates that the current value has risen by an impressive 42.34% since then. We note from Petroleo Brasileiro S.A. Petrobras ADR’s average daily trading volume that its 10-day average is 19.78 million shares, with the 3-month average coming to 18.28 million.

Petroleo Brasileiro S.A. Petrobras ADR stock received a consensus recommendation rating of Buy, based on a mean score of 2.06. If we narrow it down even further, the data shows that 1 out of 13 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 4 recommended PBR as a Hold, whereas 6 deemed it a Buy, and 0 rated it as Underweight. Petroleo Brasileiro S.A. Petrobras ADR is expected to report earnings per share of $0.84 for the current quarter.

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

Instantly PBR has showed a green trend with a performance of 1.88% at the end of last trading. The performance over the last five days has remained in the green territory. The company’s shares are currently down -4.76% year-to-date, but still up 3.96% over the last five days. On the other hand, Petroleo Brasileiro S.A. Petrobras ADR (NYSE:PBR) is -9.03% down in the 30-day period. We can see from the shorts that 21.62 million shares have been sold at a short interest cover period of 0.94 day(s).

The consensus price target as assigned by Wall Street analysts is $15.7, which translates to bulls needing to increase their stock price by 3.12% from its current value. Analyst projections state that PBR is forecast to be at a low of $11 and a high of $18.1.

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

Petroleo Brasileiro S.A. Petrobras ADR share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 4.79 percent over the past six months and at a -19.14% annual growth rate that is well above the industry average of -28.90%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -24.30% in revenue this quarter, and will report an increase of 1.10% in the next quarter. The year-over-year growth rate is expected to be -4.30%, down from the previous year.

Consensus estimates provided by 3 financial analysts predict the company will bring in an average of $25.14 billion in revenue for the current quarter. 3 analysts expect Petroleo Brasileiro S.A. Petrobras ADR to make $26.29 billion in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $26.84 billion and $23.02 billion respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -6.30%. Forecasts for the next quarter put sales growth at 14.20%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 28.80%. Petroleo Brasileiro S.A. Petrobras ADR earnings are expected to increase by -10.39% in 2024, but the outlook is negative -8.80% per year for the next five years.

PBR Dividends

Petroleo Brasileiro S.A. Petrobras ADR’s next quarterly earnings report is expected to be released in May. The annual dividend yield of the stock is 4.55 percent and its annual dividend per share was 0.69. It is important to note, however, that the 4.55% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.

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

Upon looking at major shareholders, it appears that insiders hold 0.00% of Petroleo Brasileiro S.A. Petrobras ADR shares, and 22.08% of them are in the hands of institutional investors. The stock currently has a share float of 22.08%. Petroleo Brasileiro S.A. Petrobras ADR stock is held by 656 institutions, with GQG Partners LLC being the largest institutional investor. By Dec 30, 2023, it held 5.73% of the shares, which is about 213.17 million shares worth $3.24 billion.

Baillie Gifford and Company, with 1.26% or 46.72 million shares worth $710.62 million as of Dec 30, 2023, holds the second largest percentage of outstanding shares.

Goldman Sachs GQG Partners International Opportunities Fund and Advisors Inner Circle Fund III-GQG Partners Emerging Markets Equity Fd were the top two Mutual Funds as of Jan 30, 2024. The former held 53.44 million shares worth $812.8 million, making up 1.44% of all outstanding shares. On the other hand, Advisors Inner Circle Fund III-GQG Partners Emerging Markets Equity Fd held roughly 48.57 million shares worth around $738.73 million, which represents about 1.31% of the total shares outstanding.