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Petroleo Brasileiro S.A. Petrobras ADR (PBR) Stock Could Soon Reward Patient Investors

Petroleo Brasileiro S.A. Petrobras ADR (NYSE: PBR) is 4.45% higher on its value in year-to-date trading and has touched a low of $9.10 and a high of $17.91 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PBR stock was last observed hovering at around $16.52 in the last trading session, with the day’s gains setting it 0.16%.

Currently trading at $16.68, the stock is -3.45% and 0.48% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 18.36 million and changing 0.97% at the moment leaves the stock 13.51% off its SMA200. PBR registered 58.09% gain for a year compared to 6-month gain of 16.02%. The firm has a 50-day simple moving average (SMA 50) of $1.46 and a 200-day simple moving average (SMA200) of $2.80.

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The stock witnessed a -2.28% loss in the last 1 month and extending the period to 3 months gives it a 9.59%, and is -3.92% 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 3.19% over the week and 2.37% over the month.

Petroleo Brasileiro S.A. Petrobras ADR (PBR) has around 45149 employees, a market worth around $62.07B and $105.52B in sales. Current P/E ratio is 4.05 and Fwd P/E is 4.81. Profit margin for the company is 25.46%. Distance from 52-week low is 83.39% and -6.87% from its 52-week high. The company has generated returns on investments over the last 12 months (21.13%).

Petroleo Brasileiro S.A. Petrobras ADR quarterly earnings per share for the current quarter are estimated at $1.11 with sales reaching $26.94B over the same period.The EPS is expected to shrink by -31.02% this year, but quarterly earnings will post -18.10% year-over-year. Quarterly sales are estimated to shrink -10.60% in year-over-year returns.

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

650 institutions hold shares in Petroleo Brasileiro S.A. Petrobras ADR (PBR), with institutional investors hold 22.09% of the company’s shares. The shares outstanding are 3.72B, and float is at 3.72B with Short Float at 0.52%. Institutions hold 22.09% of the Float.

The top institutional shareholder in the company is GQG Partners LLC with over 211.01 million shares valued at $2.92 billion. The investor’s holdings represent 5.67% of the PBR Shares outstanding. As of Jun 29, 2023, the second largest holder is FMR, LLC with 57.35 million shares valued at $793.22 million to account for 1.54% of the shares outstanding. The other top investors are Baillie Gifford and Company which holds 55.34 million shares representing 1.49% and valued at over $765.29 million, while Arrowstreet Capital, Limited Partnership holds 1.08% of the shares totaling 40.02 million with a market value of $553.42 million.

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

The company’s main competitors (and peers) include YPF S.A. ADR (YPF) that is trading 49.46% up over the past 12 months. TotalEnergies SE ADR (TTE) that is 2.77% higher over the same period.

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