Petróleo Brasileiro S.A. - Petrobras (PBR)
| Market Cap | 86.35B |
| Revenue (ttm) | 89.90B |
| Net Income (ttm) | 14.19B |
| Shares Out | 12.89B |
| EPS (ttm) | 1.10 |
| PE Ratio | 6.09 |
| Forward PE | 4.69 |
| Dividend | $2.02 (14.50%) |
| Ex-Dividend Date | Aug 23, 2024 |
| Volume | 12,002,289 |
| Open | 14.15 |
| Previous Close | 14.16 |
| Day's Range | 13.92 - 14.16 |
| 52-Week Range | 12.90 - 17.91 |
| Beta | 0.94 |
| Analysts | Strong Buy |
| Price Target | 18.20 (+30.37%) |
| Earnings Date | Nov 7, 2024 |
About PBR
Petróleo Brasileiro S.A. - Petrobras explores, produces, and sells oil and gas in Brazil and internationally. The company operates through three segments: Exploration and Production; Refining, Transportation and Marketing; and Gas and Power. The Exploration and Production segment explores, develops, and produces crude oil, natural gas liquids, and natural gas primarily for supplies to the domestic refineries. The Refining, Transportation and Marketing segment engages in the refining, logistics, transport, acquisition, and exports of crude oil; ... [Read more]
Financial Performance
In 2023, Petrobras's revenue was 511.99 billion, a decrease of -20.16% compared to the previous year's 641.26 billion. Earnings were 124.61 billion, a decrease of -33.84%.
Financial numbers in BRL Financial StatementsAnalyst Forecast
According to 7 analysts, the average rating for PBR stock is "Strong Buy." The 12-month stock price forecast is $18.2, which is an increase of 30.37% from the latest price.
News
Brazil's Petrobras to reduce investments planned for 2025, sources say
Brazil's Petrobras is set to reduce planned investments for next year, despite requests by the government for the state-run oil firm to increase CAPEX, three sources close to the matter told Reuters.
Petrobras posts record gasoline production in the third quarter
Brazilian state-run oil firm Petrobras said on Monday it produced a record 6.38 billion liters of gasoline in the third quarter, without providing a comparison base for the figure.
Petrobras' pricing strategy avoids passing on market volatility, CEO says
Brazilian state-run oil firm Petrobras has been able to provide Brazilians with price stability despite market volatility caused by an escalation of the conflict in Middle East, its top executive said...
Ecopetrol, Petrobras announce major gas discoveries in Colombia
Colombia's state-run oil company oil Ecopetrol and Brazil's Petrobras on Thursday announced two major gas discoveries executives said would hugely increase reserves and help the Andean country remain ...
Why I'm Upgrading Petrobras Back To Buy
I'm upgrading Petrobras back to "Buy" due to higher-than-expected FCF yield and business resilience despite struggling commodities markets. Q2 results show increased net revenues, strong cash flow, an...
Red alert as the Petrobras forms the risky diamond pattern
Petrobras (PBR) stock price has moved sideways in the past few months as traders focused on the ongoing oil and gas volatility. Its American ADRs were trading at $15 on Tuesday, down by over 10% from ...
Petrobras: Double-Upgrade To Buy On New Exploration And Stable Management
Petrobras' new strategic plan to reportedly focus more on the core exploration & production business, with fixed allocations to low carbon M&A cut out. PBR should be able to repeat its highly successf...
Petrobras: Still Too Cheap For Buyers To Ignore
Petrobras stock has outperformed its energy sector peers since early August, corroborating my bullish bias. PBR's solid profitability and robust dividend yields have likely mitigated concerns over inc...
Vallourec Secures Major Contract With Petrobras
VALLOUREC SECURES MAJOR CONTRACT WITH PETROBRAS Meudon (France), September 27, 2024 – Vallourec, a world leader in premium seamless tubular solutions, announces, after a competitive process, the signi...
Petrobras' focus remains Brazil despite Africa plans, director says
The main focus of Brazil state-run oil firm Petrobras remains in its home country, its director of exploration and production said on Thursday, adding that Brazil was a priority even as it intends to ...
Petrobras to lower jet fuel prices by almost 10%, CEO says
Brazilian state-run oil company Petrobras is set to lower jet fuel prices by nearly 10% starting October, Chief Executive Magda Chambriard told reporters on Thursday on the sidelines of an industry ev...
68 Graham All Star Value Stocks Show 55 In September Fit To Buy
The Value Score identifies large-cap stocks offering high value relative to their price, focusing on profits, cash flows, assets, and sales. The Ben Graham Formula targets ultra-stable stocks with str...
Ibovespa gains 1.4% after Chinese stimulus announcement: Vale, Petrobras lead the charge
On Tuesday, the Brazilian stock market experienced a notable turnaround, with the Ibovespa index rising by 1.4% and surpassing the crucial threshold of 132,000 points. This resurgence followed five co...
Petrobras wants a 40% stake in Galp's mega oil block in Namibia, director says
Brazil's Petrobras is expected to seek the entire 40% stake of Namibia's Mopane oil and gas exploration block put up for sale by Portugal's Galp, a director at the state-run oil firm said on Monday.
TotalEnergies, Petrobras in talks for potential businesses outside Brazil
TotalEnergies is in talks with Brazilian state-run oil firm Petrobras to jointly explore potential business opportunities outside Brazil, Chief Executive Patrick Pouyanne said on Monday.
Petrobras: Very High Safety Margin
Petrobras is a highly profitable Brazilian energy firm with a significant EBITDA size. The firm is also growing its production and has attractive capital return potential. Petrobras generates a high a...
PETROBRAS ANNOUNCES CLOSING OF OFFERING OF U.S. DOLLAR-DENOMINATED GLOBAL NOTES AND FINAL RESULTS AND SETTLEMENT OF CASH TENDER OFFERS
RIO DE JANEIRO , Sept. 16, 2024 /PRNewswire/ -- Petróleo Brasileiro S.A.
Petrobras mulls new petrochemical plant at Rio de Janeiro energy complex
Brazilian state-run oil giant Petrobras is mulling building a petrochemical plant at its Boaventura Energy Complex, an executive said on Friday, as the firm officially inaugurated the complex previous...
Petrobras Continues To Trade At A Low Valuation With Lofty Potential
Petrobras has achieved strong production and financial results, hitting 2.8 million barrels/day and generating $10 billion in quarterly operating cash flow. The company has significantly reduced its n...
PETROBRAS ANNOUNCES EXPIRATION AND EXPIRATION DATE RESULTS OF CASH TENDER OFFERS
RIO DE JANEIRO , Sept. 10, 2024 /PRNewswire/ -- Petróleo Brasileiro S.A.
PETROBRAS ANNOUNCES OFFERING OF U.S. DOLLAR-DENOMINATED GLOBAL NOTES AND COMMENCEMENT OF CASH TENDER OFFERS
RIO DE JANEIRO , Sept. 3, 2024 /PRNewswire/ -- Petróleo Brasileiro S.A.
Petrobras Is Still A Solid Hold
I maintain a "Hold" rating on Petrobras stock due to ongoing political and geographical risks, despite its undervaluation and strong FCF generation capacity. Petrobras's strategic focus on pre-salt de...
Petrobras: Focus On The Rich Yields & Discounted Valuations - Volatility Is Inevitable
PBR remains a compelling Buy due to its rich forward dividend yields, outperforming its oil/ gas peers and the US Treasury Yields. If anything, the state-run status, the country's volatile political s...
Brazil's Petrobras will seek to reduce gas reinjection when possible, says CEO
Brazil's state-run oil firm Petrobras will do what it can to reduce the reinjection of natural gas into oil wells, Chief Executive Magda Chambriard said on Wednesday.
Invest in Petrobras stock for a 60% net return in 12 months: analyst says
Shares of Petrobras (NYSE: PBR) are rallying on Monday after a Morgan Stanley analyst issued a bullish note in its favour. Bruno Montanari recommends owning the Brazilian oil stock as it could climb t...