Petroleo Brasileiro S.A. Petrobras ADR [PBR] stock prices are up 0.97% to $15.64 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The PBR shares have gain 2.76% over the last week, with a monthly amount drifted -6.35%, and not seem to be holding up well over a long-time horizon.
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On 23, June 2023, Nauticus is Contracted by Petrobras to Develop and Test the AUV Aquanaut in Brazil. In a post published today on Yahoo Finance, -Contract Leads to Potential Market worth over $100 Million Per Year–Expands Nauticus’ International Presence to South America-.
From an analyst’s perspective:
Petroleo Brasileiro S.A. Petrobras ADR [NYSE: PBR] stock has seen the most recent analyst activity on March 25, 2024, when HSBC Securities upgraded its rating to a Buy but kept the price target unchanged to $18 for it. Previously, Morgan Stanley downgraded its rating to Equal-Weight on March 11, 2024, and dropped its price target to $18. On March 08, 2024, downgrade downgraded it’s rating to Neutral but maintained its price target of $16 on the stock. HSBC Securities upgraded its rating to a Buy. Jefferies initiated its recommendation with a Buy and recommended $21.20 as its price target on September 21, 2023. UBS upgraded its rating to Buy for this stock on August 24, 2023. In a note dated August 23, 2023, BofA Securities upgraded an Buy rating on this stock.
The stock price of Petroleo Brasileiro S.A. Petrobras ADR [PBR] has been fluctuating between $9.30 and $17.91 over the past year. Currently, Wall Street analysts expect the stock to reach $15.7 within the next 12 months. Petroleo Brasileiro S.A. Petrobras ADR [NYSE: PBR] shares were valued at $15.64 at the most recent close of the market. An investor can expect a potential return of 0.38% based on the average PBR price forecast.
Analyzing the PBR fundamentals
The Petroleo Brasileiro S.A. Petrobras ADR [NYSE:PBR] reported sales of 102.44B for trailing twelve months, representing a drop of -10.21%. Gross Profit Margin for this corporation currently stands at 0.52% with Operating Profit Margin at 0.39%, Pretax Profit Margin comes in at 0.35%, and Net Profit Margin reading is 0.24%. To continue investigating profitability, this company’s Return on Assets is posted at 0.12, Equity is 0.32 and Total Capital is 0.22. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.46.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 15.35 points at the first support level, and at 15.05 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.85, and for the 2nd resistance point, it is at 16.05.
Petroleo Brasileiro S.A. Petrobras ADR [PBR] reported earnings per share of $1.27 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.11/share, meaning a difference of $0.16 and a surprise factor of 14.40%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.86 per share as compared to estimates of $0.94 per share, a difference of -$0.08 representing a surprise of -8.50%.
Ratios To Look Out For
It’s worth pointing out that Petroleo Brasileiro S.A. Petrobras ADR [NYSE:PBR]’s Current Ratio is 0.96. Further, the Quick Ratio stands at 0.73, while the Cash Ratio is 0.15. Considering the valuation of this stock, the price to sales ratio is 0.57, the price to book ratio is 1.29 and price to earnings (TTM) ratio is 4.09.
