Petroleo Brasileiro S.A. Petrobras ADR (NYSE: PBR) is -7.57% 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 $13.06 in the last trading session, with the day’s loss setting it -0.23%.
Currently trading at $12.83, the stock is 2.90% and 8.10% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 18.56 million and changing -1.76% at the moment leaves the stock -1.28% off its SMA200. PBR registered 1.62% gain for a year compared to 6-month loss of 1.62%. The firm has a 50-day simple moving average (SMA 50) of $11.9882 and a 200-day simple moving average (SMA200) of $13.30615.
The stock witnessed a 15.48% gain in the last 1 month and extending the period to 3 months gives it a -6.72%, and is 3.63% 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 2.27% over the week and 2.32% over the month.
Petroleo Brasileiro S.A. Petrobras ADR (PBR) has around 49185 employees, a market worth around $47.74B and $88.65B in sales. Current P/E ratio is 9.76 and Fwd P/E is 5.23. Profit margin for the company is 9.56%. Distance from 52-week low is 18.45% and -15.33% 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 447.10% this year.
Petroleo Brasileiro S.A. Petrobras ADR (PBR) Top Institutional Holders
644.0 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 0.74%. 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.
