In recent trading session, Petroleo Brasileiro S.A. Petrobras ADR (NYSE:PBR) saw 4.98 million shares changing hands at last check today with its beta currently measuring 1.44. Company’s recent per share price level of $15.14 trading at $0.28 or 1.85% at last check today assigns it a market valuation of $56.32B. That most recent trading price of PBR’s stock is at a discount of -16.05% from its 52-week high price of $17.57 and is indicating a premium of 17.04% from its 52-week low price of $12.56. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 16.48 million shares which gives us an average trading volume of 17.32 million if we extend that period to 3-months.
For Petroleo Brasileiro S.A. Petrobras ADR (PBR), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.20. Splitting up the data highlights that, out of 9 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 6 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.98 in the current quarter.
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Petroleo Brasileiro S.A. Petrobras ADR (NYSE:PBR) trade information
Upright in the green today for gaining 1.85%, in the last five days PBR remained trading in the green while hitting it’s week-highest on Thursday, 08/15/24 when the stock touched $15.14 price level, subtracting -0.2% to its value on the day. Petroleo Brasileiro S.A. Petrobras ADR’s shares saw a change of -3.37% in year-to-date performance and have moved 6.73% in past 5-day. Petroleo Brasileiro S.A. Petrobras ADR (NYSE:PBR) showed a performance of 0.03% in past 30-days. Number of shares sold short was 25.35 million shares which calculate 1.82 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 17.7 to the stock, which implies a rise of 14.46% to its recent value today. Analysts have been projecting 11 as a low price target for the stock while placing it at a high target of 18.1. It follows that stock’s current price would jump 27.34% in reaching the projected high whereas dropping to the targeted low would mean a gain of 27.34% for stock’s current value.
Petroleo Brasileiro S.A. Petrobras ADR (PBR) estimates and forecasts
Statistics highlight that Petroleo Brasileiro S.A. Petrobras ADR is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -8.80% of value to its shares in past 6 months, showing an annual growth rate of -23.92% while that of industry is -12.80. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -8.20% 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 23.59B for the same. And 5 analysts are in estimates of company making revenue of 23.09B in the next quarter. Company posted 25.55B and 27.11B of sales in current and next quarters respectively a year earlier.
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 28.80% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -20.16% while estimates for its earnings growth in next 5 years are of -8.80%.
PBR Dividends
Petroleo Brasileiro S.A. Petrobras ADR is more likely to be releasing its next quarterly report in September and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 7.45%, the share has a forward dividend of 1.13 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 18.58%.
Petroleo Brasileiro S.A. Petrobras ADR (NYSE:PBR)’s Major holders
GQG PARTNERS LLC is the top institutional holder at PBR for having 195.73 million shares of worth $2.98 billion. And as of 2024-03-31, it was holding 3.0299 of the company’s outstanding shares.
The second largest institutional holder is BAILLIE GIFFORD & CO, which was holding about 42.07 million shares on 2024-03-31. The number of shares represents firm’s hold over 0.6512 of outstanding shares, having a total worth of $639.83 million.
On the other hand, Goldman Sachs GQG Partners International Opportunities Fund and Advisors Inner Circle Fund III-GQG Partners Emerging Markets Equity Fd are the top two Mutual Funds which own company’s shares. As of Apr 30, 2024, the former fund manager was holding 58.99 shares of worth $894.59 million or 1.59% of the total outstanding shares. The later fund manager was in possession of 46.31 shares on Mar 31, 2024, making its stake of worth around $702.35 million in the company or a holder of 1.24% of company’s stock.
