Petroleo Brasileiro S.A. Petrobras ADR (NYSE:PBR) price on Thursday, February 06, fall -0.36% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $13.87.
A look at the stock’s price movement, the close in the last trading session was $13.92, moving within a range at $13.83 and $14.06. The beta value (5-Year monthly) was 0.914 while the PE ratio in trailing twelve months stood at 5.46. Turning to its 52-week performance, $17.10 and $12.54 were the 52-week high and 52-week low respectively. Overall, PBR moved 5.64% over the past month.
Petroleo Brasileiro S.A. Petrobras ADR’s market cap currently stands at around $51.61 billion, with investors looking forward to this quarter’s earnings report slated for in March. The company has a Forward Dividend ratio of 0.44, with its dividend yield at 3.14%. 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 126.18B for the company’s revenue for the quarter, with a low and high estimate of 117.32B and 138.67B respectively. The average forecast suggests down to a -6.53% 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 520.95B, representing a 2.15% 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 Hold. 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 0.26% and 1.81% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 53.34, while 7-day volatility ratio is 1.89% and 1.88% 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 0.29. 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 6.27% off current price level while to achieve the yearly target high, price needs to move -44.2%. Nonetheless, investors will most likely welcome a -18.96% 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 12.04 over the past 10 days and 14.44 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 18.88% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 36.46 million on 2025-01-15, giving us a short ratio of 2.8. The data shows that as of 2025-01-15 short interest in Petroleo Brasileiro S.A. Petrobras ADR (PBR) stood at 205.99999000000003 of shares outstanding, with shares short rising to 25.41 million registered in 2024-12-13. Current price change has pushed the stock 7.85% 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.
