In the last trading session, 16.64 million shares of the Petroleo Brasileiro S.A. Petrobras ADR (NYSE:PBR) were traded, and its beta was 1.43. Most recently the company’s share price was $14.91, and it changed around -$0.42 or -2.74% from the last close, which brings the market valuation of the company to $55.48B. PBR currently trades at a discount to its 52-week high of $17.40, offering almost -16.7% off that amount. The share price’s 52-week low was $12.77, which indicates that the current value has risen by an impressive 14.35% since then. We note from Petroleo Brasileiro S.A. Petrobras ADR’s average daily trading volume that its 10-day average is 14.37 million shares, with the 3-month average coming to 16.05 million.
Petroleo Brasileiro S.A. Petrobras ADR stock received a consensus recommendation rating of Hold, based on a mean score of 1.81. If we narrow it down even further, the data shows that 2 out of 15 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 7 recommended PBR as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight. Petroleo Brasileiro S.A. Petrobras ADR is expected to report earnings per share of 0.9 for the current quarter.
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Petroleo Brasileiro S.A. Petrobras ADR (NYSE:PBR) trade information
Instantly PBR has showed a red trend with a performance of -2.74% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 15.34 on recent trading dayincreased the stock’s daily price by 2.8%. The company’s shares are currently down -3.92% year-to-date, but still up 0.88% over the last five days. On the other hand, Petroleo Brasileiro S.A. Petrobras ADR (NYSE:PBR) is -0.53% down in the 30-day period. We can see from the shorts that 34.45 million shares have been sold at a short interest cover period of 1.8 day(s).
The consensus price target as assigned by Wall Street analysts is $17.85, which translates to bulls needing to increase their stock price by 16.47% from its current value. Analyst projections state that PBR is forecast to be at a low of $11 and a high of $20.
Petroleo Brasileiro S.A. Petrobras ADR (PBR) estimates and forecasts
Petroleo Brasileiro S.A. Petrobras ADR share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -3.38 percent over the past six months and at a -43.54% annual growth rate that is well below the industry average of -28.50%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 4.70% in revenue this quarter, and will report a decrease of -40.90% in the next quarter. The year-over-year growth rate is expected to be -9.90%, down from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of 22.85B in revenue for the current quarter. 5 analysts expect Petroleo Brasileiro S.A. Petrobras ADR to make 22.09B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 25.55B and 27.11B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -10.60%. Forecasts for the next quarter put sales growth at -18.50%.
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 -33.38% in 2024, but the outlook is negative -5.31% 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 November. The annual dividend yield of the stock is 10.24 percent and its annual dividend per share was 1.53. It is important to note, however, that the 10.24% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 18.94 per year.
BAILLIE GIFFORD & CO, with 0.6448% or 41.65 million shares worth $603.56 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
