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Petroleo Brasileiro S.A. – Petrobras (NYSE: PBR) Is A Hot Stock At The Moment

Petroleo Brasileiro S.A. – Petrobras (NYSE:PBR) traded at $11.78 at last check on Tuesday, January 24, made an upward move of 0.45% on its previous day’s price.

Looking at the stock we see that its previous close was $11.73 and the beta (5Y monthly) reads 1.33 with the day’s price range being $11.55 – $12.07. The company has a trailing 12-month PE ratio of 2.24. In terms of its 52-week price range, PBR has a high of $16.04 and a low of $8.88. The company’s stock has gained about 17.42% over that past 30 days.

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Petroleo Brasileiro S.A. – Petrobras has a market cap of $72.06 billion. With its Forward Dividend at 7.58 and a yield of 64.61%, the company’s investors could be anxious for the PBR stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $1.51, with the EPS growth for the year raised at $5.07 for 2022 and $3.71 for next year. These figures represent 113.00% and -26.80% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $30.54 billion, with a low of $29.69 billion and a high of $31.86 billion. The median projection represents growth squeezing down to 31.30% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $114.27 billion, or 36.10% up from figures reported last year.

There have been 2 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the PBR stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 100% Sell.

Based on estimates by 13 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 10 have rated the Petroleo Brasileiro S.A. – Petrobras (PBR) stock as a Hold, while 2 rate it as a Buy. 1 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is 10.06% off its SMA20 and 9.95% from its 50-day simple moving average. The RSI (14) is pointing at 63.32 while the volatility over the past week is 4.44% and jumps to 3.72% over the past one month. The beta value is 1.39, while the average true range (ATR) is currently pointing at 0.46. The average price target for the stock over the next 12 months is $13.52, with the estimates having a low of $8.45 and a high of $16.50. These price ends are 28.27% and -40.07% off the today’s price level respectively, although investors could be excited at the prospect of a -16.72% if the PBR share price touches on the median price of $13.75.

Let’s briefly compare Petroleo Brasileiro S.A. – Petrobras (PBR) stock to its peers. We find that today’s price change of 0.45% and -3.61% over the past 12 months for PBR competes that of YPF Sociedad Anonima (YPF), which has seen its stock price rise 1.59% in the latest trading session and is 201.01% over the last one year. Another of its peers TotalEnergies SE (TTE) has dropped -0.58% today, and was 14.22% up over the past year, while Hess Corporation (HES) is also down -1.84% yet, while its price remains in the green at 74.40% over the same period. Petroleo Brasileiro S.A. – Petrobras has a P/E ratio of 2.24 compared to YPF Sociedad Anonima’s 3.65 and TotalEnergies SE’s 7.35. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at -0.40% and -0.23%, respectively, in early deals.

Coming back to Petroleo Brasileiro S.A. – Petrobras (NYSE:PBR), we note that the average 3-month trading volume was 36.30 million, while that of the preceding 10-day period stands at 22.32 million. Current shares outstanding are 6.52 billion.

The insiders hold 39.80% of the company’s shares while institutions hold 23.40%. The data shows that short shares as of Dec 29, 2022, stood at 40.95 million at a short ratio of 1.32. This represents a 0.63% short interest in shares outstanding on Dec 29, 2022. Shares short fall in December from the previous month at 57.94 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 10.14% up in year-to-date price movement.

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