Petroleo Brasileiro S.A. Petrobras ADR (NYSE:PBR) price on current trading day, rose 0.13% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $13.82.
A look at the stock’s price movement, the level at last check in today’s session was $13.80, moving within a range at $13.715 and $13.88. The beta value (5-Year monthly) was 0.914 while the PE ratio in trailing twelve months stood at 5.44. Turning to its 52-week performance, $17.10 and $12.54 were the 52-week high and 52-week low respectively. Overall, PBR moved 3.38% over the past month.
Petroleo Brasileiro S.A. Petrobras ADR’s market cap currently stands at around $51.42 billion, with investors looking forward to this quarter’s earnings report slated for in February. The company has a Forward Dividend ratio of 2.10, with its dividend yield at 15.23%. 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 130.93B for the company’s revenue for the quarter, with a low and high estimate of 122.58B and 138.67B respectively. The average forecast suggests down to a -3.01% 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 522.67B, representing a 2.49% jump 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 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
9 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 6 recommend PBR as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
PBR’s current price about 5.30% and 2.21% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 59.40, while 7-day volatility ratio is 1.82% and 2.25% 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. Analysts have given the company’s stock an average 52-week price target of $16.5, forecast between a low of $13 and high of $20. Looking at the price targets, the low is 5.93% off recent price level in today’s trading while to achieve the yearly target high, it has to move -44.72%. Nonetheless, investors will most likely welcome a -19.39% jump to $16.5 which is the analysts’ median price.
If we refocus on Petroleo Brasileiro S.A. Petrobras ADR (NYSE:PBR), historical trading data shows that trading volumes averaged 11.64 over the past 10 days and 14.76 million over the past 3 months. The company’s latest data on shares outstanding shows there are 3.72 billion shares.
The 0.00% of Petroleo Brasileiro S.A. Petrobras ADR’s shares are in the hands of company insiders while institutional holders own 19.22% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 31.41 million on 2024-12-31, giving us a short ratio of 2.16. The data shows that as of 2024-12-31 short interest in Petroleo Brasileiro S.A. Petrobras ADR (PBR) stood at 177.0 of shares outstanding, with shares short rising to 24.43 million registered in 2024-11-29. Current price change has pushed the stock 7.45% 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.
