What should you know before buying stock in Petroleo Brasileiro S.A. – Petrobras (PBR)

Petroleo Brasileiro S.A. – Petrobras (NYSE: PBR) is -22.35% lower on its value in year-to-date trading and has touched a low of $4.01 and a high of $13.30 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PBR stock was last observed hovering at around $8.47 in the last trading session, with the day’s gains setting it 0.25% off its average median price target of $12.00 for the next 12 months. It is also 50.17% off the consensus price target high of $17.50 offered by 12 analysts, but current levels are -9.0% lower than the price target low of $8.00 for the same period.

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Currently trading at $8.72, the stock is -15.57% and -19.25% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 63.04 million and changing 2.95% at the moment leaves the stock -1.84% off its SMA200. PBR registered -31.98% loss for a year compared to 6-month gain of 3.20%. The firm has a 50-day simple moving average (SMA 50) of $10.63 and a 200-day simple moving average (SMA200) of $9.17.

The stock witnessed a -13.58% loss in the last 1 month and extending the period to 3 months gives it a -3.86%, and is -20.15% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.28% over the week and 3.81% over the month.

Petroleo Brasileiro S.A. – Petrobras (PBR) has around 57983 employees, a market worth around $61.23B and $51.39B in sales. Fwd P/E is 8.56. Profit margin for the company is -16.00%. Distance from 52-week low is 117.46% and -34.44% from its 52-week high. The company has generated returns on investments over the last 12 months (10.10%).

Petroleo Brasileiro S.A. – Petrobras (PBR) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Petroleo Brasileiro S.A. – Petrobras (PBR) is a “Hold”. 12 analysts offering their recommendations for the stock have an average rating of 1.90, where 5 rate it as a Hold and 0 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 3 analysts have rated the stock as a Sell or Underperform.

Petroleo Brasileiro S.A. – Petrobras is expected to release its quarterly report on 04/29/2021 and quarterly earnings per share for the current quarter are estimated at $0.14 with sales reaching $13.5B over the same period.The EPS is expected to grow by 32.90% this year, but quarterly earnings will post -25.60% year-over-year. Quarterly sales are estimated to shrink -32.10% in year-over-year returns.

Petroleo Brasileiro S.A. – Petrobras (PBR) Top Institutional Holders

410 institutions hold shares in Petroleo Brasileiro S.A. – Petrobras (PBR), with 260.88k shares held by insiders accounting for 0.00% while institutional investors hold 17.41% of the company’s shares. The shares outstanding are 6.52B, and float is at 4.19B with Short Float at 0.82%. Institutions hold 17.41% of the Float.

The top institutional shareholder in the company is Capital World Investors with over 55.05 million shares valued at $618.24 million. The investor’s holdings represent 3.82% of the PBR Shares outstanding. As of Dec 30, 2020, the second largest holder is Baillie Gifford and Company with 52.63 million shares valued at $591.03 million to account for 3.65% of the shares outstanding. The other top investors are Capital Research Global Investors which holds 51.03 million shares representing 3.54% and valued at over $573.02 million, while Fisher Asset Management, LLC holds 2.73% of the shares totaling 39.37 million with a market value of $442.15 million.

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Petroleo Brasileiro S.A. – Petrobras (PBR): Who are the competitors?

The company’s main competitors (and peers) include YPF Sociedad Anonima (YPF) that is trading -47.53% down over the past 12 months. Hess Corporation (HES) is 19.88% up on the 1-year trading charts. Short interest in the company’s stock has risen 11.17% from the last report on Dec 30, 2020 to stand at a total of 30.54 million short shares sold with a short interest ratio of 1.48.

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