Petroleo Brasileiro S.A. Petrobras ADR (PBR) Analysis & Opinions from Experts

Petroleo Brasileiro S.A. Petrobras ADR (NYSE: PBR) is -6.89% lower on its value in year-to-date trading and has touched a low of $12.77 and a high of $17.40 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 $14.11 in the last trading session, with the day’s gains setting it 0.34%.

Currently trading at $14.45, the stock is 5.79% and 1.37% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 15.85 million and changing 2.41% at the moment leaves the stock -3.14% off its SMA200. PBR registered -1.57% loss for a year compared to 6-month loss of -1.93%. The firm has a 50-day simple moving average (SMA 50) of $14.2656 and a 200-day simple moving average (SMA200) of $15.1658.

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The stock witnessed a 2.05% gain in the last 1 month and extending the period to 3 months gives it a -2.59%, and is 6.09% 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 1.80% over the week and 1.95% over the month.

Petroleo Brasileiro S.A. Petrobras ADR (PBR) has around 46730 employees, a market worth around $53.77B and $97.68B in sales. Current P/E ratio is 5.69 and Fwd P/E is 4.85. Profit margin for the company is 16.81%. Distance from 52-week low is 13.19% and -16.97% from its 52-week high. The company has generated returns on investments over the last 12 months (13.71%).

with sales reaching $126.45B over the same period.The EPS is expected to shrink by -36.80% this year, but quarterly earnings will post 1.13% year-over-year. Quarterly sales are estimated to shrink -6.33% in year-over-year returns.

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

The shares outstanding are 3.72B, and float is at 3.72B with Short Float at 0.70%.

The top institutional shareholder in the company is GQG PARTNERS LLC with over 212.12 million shares valued at $3.07 billion. The investor’s holdings represent 3.2836% of the PBR Shares outstanding. As of 2024-06-30, the second largest holder is BAILLIE GIFFORD & CO with 41.65 million shares valued at $603.56 million to account for 0.6448 of the shares outstanding. The other top investors are ARROWSTREET CAPITAL, LIMITED PARTNERSHIP which holds 36.14 million shares representing 0.5595% and valued at over $523.71 million, while SCHRODER INVESTMENT MANAGEMENT GROUP holds 0.4773 of the shares totaling 30.83 million with a market value of $446.79 million.