Petroleo Brasileiro S.A. Petrobras ADR (NYSE: PBR) is -10.75% lower on its value in year-to-date trading and has touched a low of $12.78 and a high of $17.42 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 $14.29 in the last trading session, with the day’s loss setting it -0.43%.
Currently trading at $13.86, the stock is -2.22% and -2.25% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 15.52 million and changing -3.01% at the moment leaves the stock -6.11% off its SMA200. PBR registered -1.16% loss for a year compared to 6-month loss of -2.24%. The firm has a 50-day simple moving average (SMA 50) of $14.1786 and a 200-day simple moving average (SMA200) of $14.9582.
The stock witnessed a 3.43% gain in the last 1 month and extending the period to 3 months gives it a -7.54%, and is -2.94% 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 1.97% over the week and 2.21% over the month.
Petroleo Brasileiro S.A. Petrobras ADR (PBR) has around 46730 employees, a market worth around $51.57B and $97.68B in sales. Current P/E ratio is 5.46 and Fwd P/E is 4.68. Profit margin for the company is 16.81%. Distance from 52-week low is 8.49% and -20.42% 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 -36.18% this year.
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 0.60%.
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.
Petroleo Brasileiro S.A. Petrobras ADR (PBR) Insider Activity
#####
