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Volatility Of Petroleo Brasileiro S.A. – Petrobras (PBR) Reaches 3.10%: Make Sure To Keep Your Seat Tight!

Petroleo Brasileiro S.A. – Petrobras (NYSE:PBR) concluded the trading at $13.43 on Wednesday, September 21 with a fall of -0.81% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $13.54 and 5Y monthly beta was reading 1.37 with its price kept floating in the range of $13.34 and $13.73 on the day. Company’s P/E ratio for the trailing 12 months is 2.85. Considering stock’s 52-week price range provides that PBR hit a high price of $15.95 and saw its price falling to a low level of $8.85 during that period. Over a period of past 1-month, stock came subtracting -3.59% in its value.

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With its current market valuation of $84.31 billion. PBR Stock’s Forward Dividend of 6.30 and its yield of 46.90% are making investors’ thoughts stronger that it could climb further before the company announces its earnings for the current quarter. Analysts are in estimates of $0.93 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to $4.32 for 2022 with estimates of that growing to $3.45 in next year. These estimates are suggesting current year growth of 81.50% for EPS and -20.10% growth next year.

Analysts watching the company’s growth closely have provided estimates for its revenue growth with an average revenue estimate of $31.13 billion. They suggested that in the process company could generate revenue of as low as $29.48 billion which could climb up to $33.16 billion to hit a high. In keeping analyst consensus estimate with, company is forecasted to be making an annual revenue of $113.02 billion in 2022, which will be 34.60% more from revenue generated by the company last year.

In last 7 days, analysts came adjusting their opinions about stock’s EPS with no upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. In contrast, when we review PBR stock’s current outlook then short term indicators are assigning it an average of 50% Buy, while medium term indicators are categorizing the stock at an average of Hold. Long term indicators are suggesting an average of 50% Buy for it.

Digging deeper we become aware of the PEG ratio of the PBR stock which is currently positioned at 0. It further provides that stock’s current price level is -4.09% away from its 20-day simple moving average and is -0.31% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 45.72 while volatility remained at 3.10% over the past week which changes to 3.33% when measuring it over the past month. Beta is valued at 1.52, while measure of average true range or ATR is currently at 0.54.

In comparing Petroleo Brasileiro S.A. – Petrobras (PBR)’s stock with other industry players reveals that stock’s current price change of -0.81% and that of 46.35% over the past 12 months is in competing position with that of YPF Sociedad Anonima (YPF) which saw its stock price fall by -4.75% in the last trading and went through an increase of 45.11% in past 12-month trading. Industry’s another major player TotalEnergies SE (TTE) has fall -0.52% down in previous session, but over the past year has faced a rise of 7.15%, while Hess Corporation (HES) was also down -2.00% however its price remained floating in the green at 73.70% over the same period. Petroleo Brasileiro S.A. – Petrobras has a P/E ratio of 2.85 against that of YPF Sociedad Anonima’s 2.30 while TotalEnergies SE is showing 6.08 for the same. On the other hand, the S&P 500 Index was down -1.71% in the last trading session while the Dow Jones Industrial closed the session lower at -1.70%.

Having a second look at Petroleo Brasileiro S.A. – Petrobras (NYSE:PBR) provides that stock’s average daily trading volume for 3 months was 29.79 million, while it jumped to 24.3 million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 6.52 billion.

The percentage of outstanding shares held by the insiders is 39.80% while it is 22.50% for the institutional holders. The figures also indicate that as of Jul 14, 2022, number of stock’s short shares was 22.32 million which implies a short ratio of 0.72. This shows up a 0.34% of Short Interest in company’s outstanding shares on the day. In July the standing of shares short improved as it was 15.86 million in the previous month. Addition of 24.94% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.

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