Petroleo Brasileiro S.A. Petrobras ADR (NYSE:PBR) has a beta value of 1.44 and has seen 15.78 million shares traded in the last trading session. The company, currently valued at $53.66B, closed the last trade at $14.42 per share which meant it lost -$0.41 on the day or -2.76% during that session. The PBR stock price is -20.67% off its 52-week high price of $17.40 and 11.44% above the 52-week low of $12.77. If we look at the company’s 10-day average daily trading volume, we find that it stood at 12.43 million shares traded. The 3-month trading volume is 15.75 million shares.
The consensus among analysts is that Petroleo Brasileiro S.A. Petrobras ADR (PBR) is Buy stock at the moment, with a recommendation rating of 1.81. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 9 have rated it as a Hold, with 6 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.89.
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Petroleo Brasileiro S.A. Petrobras ADR (NYSE:PBR) trade information
Sporting -2.76% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the PBR stock price touched $14.42 or saw a rise of 3.42%. Year-to-date, Petroleo Brasileiro S.A. Petrobras ADR shares have moved -7.08%, while the 5-day performance has seen it change -3.29%. Over the past 30 days, the shares of Petroleo Brasileiro S.A. Petrobras ADR (NYSE:PBR) have changed -2.44%. Short interest in the company has seen 30.32 million shares shorted with days to cover at 1.8.
Wall Street analysts have a consensus price target for the stock at $17.85, which means that the shares’ value could jump 19.22% from current levels. The projected low price target is $11.0 while the price target rests at a high of $20.0. In that case, then, we find that the current price level is -38.7% off the targeted high while a plunge would see the stock lose 23.72% from current levels.
Petroleo Brasileiro S.A. Petrobras ADR (PBR) estimates and forecasts
Figures show that Petroleo Brasileiro S.A. Petrobras ADR shares have underperformed across the wider relevant industry. The company’s shares have lost -5.18% over the past 6 months, with this year growth rate of -42.58%, compared to -28.40% for the industry. Revenue growth from the last financial year stood is estimated to be -10.00%.
5 analysts offering their estimates for the company have set an average revenue estimate of 22.85B for the current quarter. 5 have an estimated revenue figure of 22.09B for the next ending quarter. Year-ago sales stood 25.55B and 27.11B respectively for this quarter and the next, and analysts expect sales will shrink by -10.60% for the current quarter and -10.00% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 28.80% over the past 5 years. Earnings growth for 2024 is a modest -33.82% while over the next 5 years, the company’s earnings are expected to decrease by -5.31%.
PBR Dividends
Petroleo Brasileiro S.A. Petrobras ADR is expected to release its next earnings report in November this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.81 at a share yield of 5.62%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 18.94%.
Petroleo Brasileiro S.A. Petrobras ADR (NYSE:PBR)’s Major holders
The top two institutional holders are GQG PARTNERS LLC with over 212.12 million shares worth more than $3.07 billion. As of 2024-06-30, GQG PARTNERS LLC held 3.2836% of shares outstanding.
The other major institutional holder is BAILLIE GIFFORD & CO, with the holding of over 41.65 million shares as of 2024-06-30. The firm’s total holdings are worth over $603.56 million and represent 0.6448% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Goldman Sachs GQG Partners International Opportunities Fund and Advisors Inner Circle Fund III-GQG Partners Emerging Markets Equity Fd . As of Jul 31, 2024 , the former fund manager holds about 1.82% shares in the company for having 67.75 shares of worth $976.93 million while later fund manager owns 48.96 shares of worth $705.99 million as of Jun 30, 2024 , which makes it owner of about 1.32% of company’s outstanding stock.
