Petroleo Brasileiro S.A. Petrobras ADR (NYSE: PBR) is -10.34% lower on its value in year-to-date trading and has touched a low of $10.83 and a high of $15.15 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 $11.16 in the last trading session, with the day’s gains setting it 0.16%.
Currently trading at $11.32, the stock is -2.43% and -3.88% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 17.71 million and changing 1.43% at the moment leaves the stock -14.04% off its SMA200. PBR registered -20.56% loss for a year compared to 6-month loss of -17.01%. The firm has a 50-day simple moving average (SMA 50) of $11.9834 and a 200-day simple moving average (SMA200) of $13.53345.
The stock witnessed a 1.86% gain in the last 1 month and extending the period to 3 months gives it a -11.10%, and is -0.09% 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 2.15% over the week and 1.26% over the month.
Petroleo Brasileiro S.A. Petrobras ADR (PBR) has around 49185 employees, a market worth around $42.12B and $88.65B in sales. Current P/E ratio is 8.61 and Fwd P/E is 4.68. Profit margin for the company is 9.56%. Distance from 52-week low is 4.51% and -25.30% from its 52-week high. The company has generated returns on investments over the last 12 months (6.94%).
The EPS is expected to grow by 439.34% this year.
Petroleo Brasileiro S.A. Petrobras ADR (PBR) Top Institutional Holders
654.0 institutions hold shares in Petroleo Brasileiro S.A. Petrobras ADR (PBR), with institutional investors hold 19.70% of the company’s shares. The shares outstanding are 3.72B, and float is at 3.72B with Short Float at 0.60%. Institutions hold 19.70% of the Float.
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 1.6446% 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 0.323 of the shares outstanding. The other top investors are ARROWSTREET CAPITAL, LIMITED PARTNERSHIP which holds 36.14 million shares representing 0.2802% and valued at over $523.71 million, while MORGAN STANLEY holds 0.2567 of the shares totaling 16.55 million with a market value of $239.86 million.
