Petroleo Brasileiro S.A. Petrobras ADR (NYSE: PBR-A) is -13.38% lower on its value in year-to-date trading and has touched a low of $11.80 and a high of $16.80 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-A stock was last observed hovering at around $12.75 in the last trading session, with the day’s gains setting it 0.09%.
Currently trading at $12.84, the stock is 2.32% and -1.66% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.43 million and changing 0.71% at the moment leaves the stock -8.81% off its SMA200. PBR-A registered -7.97% loss for a year compared to 6-month loss of -8.80%. The firm has a 50-day simple moving average (SMA 50) of $13.0572 and a 200-day simple moving average (SMA200) of $14.3232.
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The stock witnessed a -2.13% gain in the last 1 month and extending the period to 3 months gives it a -7.71%, and is 2.64% 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 1.98% over the week and 1.83% over the month.
Petroleo Brasileiro S.A. Petrobras ADR (PBR-A) has around 46730 employees, a market worth around $34.97B and $97.68B in sales. Current P/E ratio is 5.05 and Fwd P/E is 4.20. Profit margin for the company is 16.81%. Distance from 52-week low is 8.84% and -23.59% from its 52-week high. The company has generated returns on investments over the last 12 months (13.71%).
The EPS is expected to shrink by -35.98% this year
The top institutional shareholder in the company is ROBECO INSTITUTIONAL ASSET MANAGEMENT B.V. with over 25.77 million shares valued at $351.51 million. The investor’s holdings represent 0.3989 of the PBR-A Shares outstanding. As of 2024-06-30, the second largest holder is JPMORGAN CHASE & CO with 24.57 million shares valued at $335.17 million to account for 0.3804 of the shares outstanding. The other top investors are ARROWSTREET CAPITAL, LIMITED PARTNERSHIP which holds 18.12 million shares representing 0.2804 and valued at over $247.09 million, while BANK OF AMERICA CORP /DE/ holds 0.2655 of the shares totaling 17.15 million with a market value of $233.91 million.
