Petroleo Brasileiro S.A. Petrobras ADR (NYSE:PBR) price on Thursday, July 11, fall -0.46% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $15.07.
A look at the stock’s price movement, the level at last check in today’s session was $15.14. The PE ratio in trailing twelve months stood at 4.39. Turning to its 52-week performance, $17.57 and $12.19 were the 52-week high and 52-week low respectively. Overall, PBR moved 5.02% over the past month.
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Petroleo Brasileiro S.A. Petrobras ADR’s market cap currently stands at around $56.08 billion. The company has a Forward Dividend ratio of 1.54, with its dividend yield at 10.20%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 23.53B for the company’s revenue for the quarter, with a low and high estimate of 22.74B and 24.25B respectively. The average forecast suggests up to a 2.20% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 94.46B, representing a -7.90% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that PBR is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
PBR’s current price about 5.10% and -0.15% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 60.03, while 7-day volatility ratio is 2.36% and 2.06% in the 30-day chart. Further, Petroleo Brasileiro S.A. Petrobras ADR (PBR) has a beta value of 1.46, and an average true range (ATR) of 0.32.
If we refocus on Petroleo Brasileiro S.A. Petrobras ADR (NYSE:PBR), historical trading data shows that trading volumes averaged 19.48 million over the past 3 months. The company’s latest data on shares outstanding shows there are 3.72 billion shares.
The 0.02% of Petroleo Brasileiro S.A. Petrobras ADR’s shares are in the hands of company insiders while institutional holders own 20.44% of the company’s shares. Current price change has pushed the stock -3.79% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the PBR stock continues to rise going into the next quarter.
