Petroleo Brasileiro S.A. – Petrobras (NYSE:PBR) shares, rose in value on Friday, August 05, with the stock price up by 0.78% to the previous day’s close as strong demand from buyers drove the stock to $14.26.
Actively observing the price movement in the recent trading, the stock is buoying the session at $14.15, falling within a range of $13.62 and $14.20. The value of beta (5-year monthly) is 1.37 whereas the PE ratio is 3.19 over 12-month period. Referring to stock’s 52-week performance, its high was $16.13, and the low was $8.79. On the whole, PBR has fluctuated by 27.48% over the past month.
The company’s Forward Dividend Ratio is 4.32, with its dividend yield at 30.53%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.93, which is expected to increase to $1.6 for fiscal year $4.32 and then to about $3.45 by fiscal year 2023. Data indicates that the EPS growth is expected to be 81.50% in 2023, while the next year’s EPS growth is forecast to be -20.10%.
Analysts have estimated the company’s revenue for the quarter at $31.13 billion, with a low estimate of $29.48 billion and a high estimate of $33.16 billion. Wall Street analysts also predicted that in 2023, the company’s y-o-y revenues would reach $113.02 billion, representing an increase of 34.60% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that PBR’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of PBR currently trading nearly 15.29% and 13.35% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 68.70, while the 7-day volatility ratio is showing 3.23% which for the 30-day chart, stands at 2.87%. Furthermore, Petroleo Brasileiro S.A. – Petrobras (PBR)’s beta value is 1.51, and its average true range (ATR) is 0.49.
A comparison of Petroleo Brasileiro S.A. – Petrobras (PBR) with its peers suggests the former has fared considerably weaker in the market. PBR showed an intraday change of 0.78% in today’s session so far, and over the past year, it grew by 43.50%%. In comparison, YPF Sociedad Anonima (YPF) has moved higher at 0.96% today and is down -12.65% over the past 12 months. On the other hand, the price of TotalEnergies SE (TTE) has risen 0.57% today. The stock, however, is off 11.93% from where it was a year ago. Additionally, there is a gain of 3.43% for Hess Corporation (HES) in recent trading while the stock has seen an overall depriciation of 38.95%% over the past year. The PE ratio stands at 3.19 for Petroleo Brasileiro S.A. – Petrobras, compared to 6.52 for YPF Sociedad Anonima, and 6.26 for TotalEnergies SE. Other than that, the overall performance of the S&P 500 during the today’s session so far shows that it lost -0.19%. Meanwhile, the Dow Jones Industrial Slipped by 0.00%.
Data on historical trading for Petroleo Brasileiro S.A. – Petrobras (NYSE:PBR) indicates that the trading volumes over the past 10 days have averaged 29.17 million and over the past 3 months, they’ve averaged 30.28 million. According to company’s latest data on outstanding shares, there are 6.52 billion shares outstanding.
Nearly 39.80% of Petroleo Brasileiro S.A. – Petrobras’s shares belong to company insiders and institutional investors own 23.50% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 22.32 million shares as on Jul 14, 2022, resulting in a short ratio of 0.72. According to the data, the short interest in Petroleo Brasileiro S.A. – Petrobras (PBR) stood at 0.34% of shares outstanding as of Jul 14, 2022; the number of short shares registered in Jun 14, 2022 reached 15.86 million. The stock has risen by 30.20% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PBR stock heading into the next quarter.