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Positives for Petroleo Brasileiro S.A. Petrobras ADR (PBR) as stock gains in recent trading

Petroleo Brasileiro S.A. Petrobras ADR (NYSE: PBR) is -4.70% lower on its value in year-to-date trading and has touched a low of $8.93 and a high of $17.91 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 $15.21 in the last trading session, with the day’s gains setting it 0.01%.

Currently trading at $15.22, the stock is -0.07% and -6.53% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 15.16 million and changing 0.07% at the moment leaves the stock 2.18% off its SMA200. PBR registered 66.88% gain for a year compared to 6-month gain of 5.57%. The firm has a 50-day simple moving average (SMA 50) of $0.28 and a 200-day simple moving average (SMA200) of $0.55.

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The stock witnessed a -7.87% loss in the last 1 month and extending the period to 3 months gives it a -5.05%, and is 3.61% up 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 1.77% over the week and 2.61% over the month.

Petroleo Brasileiro S.A. Petrobras ADR (PBR) has around 46730 employees, a market worth around $56.64B and $102.44B in sales. Current P/E ratio is 3.98 and Fwd P/E is 4.81. Profit margin for the company is 24.29%. Distance from 52-week low is 70.49% and -15.02% from its 52-week high. The company has generated returns on investments over the last 12 months (19.25%).

Petroleo Brasileiro S.A. Petrobras ADR quarterly earnings per share for the current quarter are estimated at $0.84 with sales reaching $25.14B over the same period.The EPS is expected to shrink by -9.90% this year, but quarterly earnings will post -4.30% year-over-year. Quarterly sales are estimated to shrink -6.30% in year-over-year returns.

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

656 institutions hold shares in Petroleo Brasileiro S.A. Petrobras ADR (PBR), with institutional investors hold 22.08% of the company’s shares. The shares outstanding are 3.72B, and float is at 3.72B with Short Float at 0.64%. Institutions hold 22.08% 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.

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