Petroleo Brasileiro S.A. Petrobras ADR (NYSE:PBR)’s traded shares stood at 14.23 million during the last session, with the company’s beta value hitting 1.44. At the close of trading, the stock’s price was $13.79, to imply an increase of 0.44% or $0.06 in intraday trading. The PBR share’s 52-week high remains $17.40, putting it -26.18% down since that peak but still an impressive 7.4% since price per share fell to its 52-week low of $12.77. The company has a valuation of $51.31B, with an average of 12.07 million shares in intraday trading volume over the past 10 days and average of 15.72 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Petroleo Brasileiro S.A. Petrobras ADR (PBR), translating to a mean rating of 1.73. Of 9 analyst(s) looking at the stock, 1 analyst(s) give PBR a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 6 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.88.
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Petroleo Brasileiro S.A. Petrobras ADR (NYSE:PBR) trade information
After registering a 0.44% upside in the last session, Petroleo Brasileiro S.A. Petrobras ADR (PBR) has traded red over the past five days. The 5-day price performance for the stock is -2.61%, and -5.29% over 30 days. With these gigs, the year-to-date price performance is -11.14%. Short interest in Petroleo Brasileiro S.A. Petrobras ADR (NYSE:PBR) saw shorts transact 30.32 million shares and set a 1.8 days time to cover.
The extremes give us $11 and $20 for target low and target high price respectively. As such, PBR has been trading -45.03% off suggested target high and 20.23% from its likely low.
Petroleo Brasileiro S.A. Petrobras ADR (PBR) estimates and forecasts
Looking at statistics comparing Petroleo Brasileiro S.A. Petrobras ADR share performance against respective industry, we note that the company has underperformed competitors. Petroleo Brasileiro S.A. Petrobras ADR (PBR) shares are -16.86% down over the last 6 months, with its year-to-date growth rate lower than industry average at -42.58% against -29.40%. Revenue is forecast to grow 2.30% this quarter before falling -42.50% for the next one. The rating firms project that company’s revenue will shrink -11.20% compared to the previous financial year.
Revenue forecast for the current quarter as set by 5 analysts is 22.37B. Meanwhile, for the current quarter, a total of 5 analyst(s) estimate revenue growth to 21.62B.Earnings reports from the last fiscal year show that sales brought in 25.55B and 27.11B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -12.40% before dropping -20.20% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 28.80% for the past 5-year period. While 2024 is set for a -34.61% return in earnings, projections for the next 5 years are at -5.31% annually.
PBR Dividends
Petroleo Brasileiro S.A. Petrobras ADR has its next earnings report out on 2024-Nov-07. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Petroleo Brasileiro S.A. Petrobras ADR has a forward dividend ratio of 0.81, with the share yield ticking at 5.87% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 18.94%.
The next major institution holding the largest number of shares is BAILLIE GIFFORD & CO with 41.65 million shares, or about 0.6448% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $603.56 million.
We also have Goldman Sachs GQG Partners International Opportunities Fund and Advisors Inner Circle Fund III-GQG Partners Emerging Markets Equity Fd as the top two Mutual Funds with the largest holdings of the Petroleo Brasileiro S.A. Petrobras ADR (PBR) shares. Going by data provided on Jul 31, 2024 , Goldman Sachs GQG Partners International Opportunities Fund holds roughly 67.75 shares. This is just over 1.82% of the total shares, with a market valuation of $934.25 million. Data from the same date shows that the other fund manager holds a little less at 48.96, or 1.32% of the shares, all valued at about 675.15 million.
