During the recent session, Petroleo Brasileiro S.A. Petrobras ADR (NYSE:PBR)’s traded shares were 2.23 million, with the beta value of the company hitting 1.46. At the last check today, the stock’s price was $15.05, reflecting an intraday gain of 0.68% or $0.1. The 52-week high for the PBR share is $17.57, that puts it down -16.74 from that peak though still a striking 18.01% gain since the share price plummeted to a 52-week low of $12.34. The company’s market capitalization is $56.01B, and the average intraday trading volume over the past 10 days was 15.45 million shares, and the average trade volume was 18.91 million shares over the past three months.
Petroleo Brasileiro S.A. Petrobras ADR (PBR) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.18. PBR has a Sell rating from 1 analyst(s) out of 9 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 6 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight.
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Petroleo Brasileiro S.A. Petrobras ADR (NYSE:PBR) trade information
Petroleo Brasileiro S.A. Petrobras ADR (PBR) registered a 0.68% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.68% in intraday trading to $15.05, hitting a weekly high. The stock’s 5-day price performance is -0.26%, and it has moved by 8.91% in 30 days. Based on these gigs, the overall price performance for the year is 18.79%. The short interest in Petroleo Brasileiro S.A. Petrobras ADR (NYSE:PBR) is 24.78 million shares and it means that shorts have 1.49 day(s) to cover.
The extremes of the forecast give a target low and a target high price of $11 and $18.1 respectively. As a result, PBR is trading at a discount of -20.27% off the target high and 26.91% off the low.
Petroleo Brasileiro S.A. Petrobras ADR (PBR) estimates and forecasts
Statistics show that Petroleo Brasileiro S.A. Petrobras ADR has underperformed its competitors in share price, compared to the industry in which it operates. Petroleo Brasileiro S.A. Petrobras ADR (PBR) shares have gone down -3.00% during the last six months, with a year-to-date growth rate less than the industry average at -17.22% against -5.10.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 28.80%. While earnings are projected to return -10.51% in 2024, the next five years will return -8.80% per annum.
PBR Dividends
Petroleo Brasileiro S.A. Petrobras ADR is due to release its next quarterly earnings in August. 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 ADR is 1.54, with the dividend yield indicating at 10.21 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 18.36%.
Petroleo Brasileiro S.A. Petrobras ADR (NYSE:PBR)’s Major holders
The next largest institutional holding, with 42.07 million shares, is of BAILLIE GIFFORD & CO’s that is approximately 0.6512% of outstanding shares. At the market price on 2024-03-31, these shares were valued at $639.83 million.
