In the latest trading session, 1.49 million Petroleo Brasileiro S.A. Petrobras ADR (NYSE:PBR) shares changed hands as the company’s beta touched 1.46. With the company’s most recent per share price at $14.30 changing hands around $0.14 or 0.99% at last look, the market valuation stands at $53.21B. PBR’s current price is a discount, trading about -21.82% off its 52-week high of $17.42. The share price had its 52-week low at $12.78, which suggests the last value was 10.63% up since then. When we look at Petroleo Brasileiro S.A. Petrobras ADR’s average trading volume, we note the 10-day average is 16.58 million shares, with the 3-month average coming to 15.22 million.
Analysts gave the Petroleo Brasileiro S.A. Petrobras ADR (PBR) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.56. If we narrow down to specifics, the data shows that 1 out of 9 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended PBR as a Hold, 6 felt it is a Buy and 0 rated the stock as Underweight. Petroleo Brasileiro S.A. Petrobras ADR’s EPS for the current quarter is expected to be 0.64.
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Petroleo Brasileiro S.A. Petrobras ADR (NYSE:PBR) trade information
Instantly PBR is in green as seen in intraday trades today. With action -2.52%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -7.92%, with the 5-day performance at -2.52% in the red. However, in the 30-day time frame, Petroleo Brasileiro S.A. Petrobras ADR (NYSE:PBR) is 8.50% up. Looking at the short shares, we see there were 22.48 million shares sold at short interest cover period of 1.55 days.
The consensus price target for the stock as assigned by Wall Street analysts is 16.5, meaning bulls need an upside of 13.33% from its recent market value. According to analyst projections, PBR’s forecast low is 13 with 20 as the target high. To hit the forecast high, the stock’s price needs a -39.86% plunge from its current level, while the stock would need to tank 9.09% for it to hit the projected low.
Petroleo Brasileiro S.A. Petrobras ADR (PBR) estimates and forecasts
Data shows that the Petroleo Brasileiro S.A. Petrobras ADR share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -3.07% over the past 6 months, a -43.06% in annual growth rate that is considerably lower than the industry average of -34.50%. Year-over-year growth is forecast to reach 2.15% up from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 132.77B. 1 analysts are of the opinion that Petroleo Brasileiro S.A. Petrobras ADR’s revenue for the current quarter will be 128.98B. The company’s revenue for the corresponding quarters a year ago was 134.99B and 117.72B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -1.65%. The estimates for the next quarter sales put growth at 9.57%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 28.80%. The 2024 estimates are for Petroleo Brasileiro S.A. Petrobras ADR earnings to decrease by -36.17%, but the outlook for the next 5-year period is at -5.35% per year.
PBR Dividends
Petroleo Brasileiro S.A. Petrobras ADR is expected to release its next quarterly earnings report in January. The 9.99% annual yield figure for the share gives it an annual dividend of 1.43. It is important to note, however, that the 9.99% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 19.33 per year.
Petroleo Brasileiro S.A. Petrobras ADR (NYSE:PBR)’s Major holders
BAILLIE GIFFORD & CO holds the second largest percentage of outstanding shares, with 0.6448% or 41.65 million shares worth $603.56 million as of 2024-06-30.
Among Mutual Funds, the top two as of Jul 31, 2024 were Goldman Sachs GQG Partners International Opportunities Fund and Advisors Inner Circle Fund III-GQG Partners Emerging Markets Equity Fd. With 67.75 shares estimated at $965.08 million under it, the former controlled 1.82% of total outstanding shares. On the other hand, Advisors Inner Circle Fund III-GQG Partners Emerging Markets Equity Fd held about 1.46% of the shares, roughly 54.39 shares worth around $774.81 million.
