Petroleo Brasileiro S.A. – Petrobras (NYSE:PBR) does about 21.45M shares in volume on a normal day but saw 19361265 shares change hands in Friday trading. The company now has a market cap of 52.55B USD and an enterprise value of about $123.60B. Its current market price is $8.50, marking an increase of 3.91% compared to the previous close of $8.18. The 52 week high reached by this stock is $16.74 whilst the lowest price level in 52 weeks is $4.01. The script in recent trading has seen the stock touch a high of $8.535 and a low of $8.21.
Petroleo Brasileiro S.A. – Petrobras (PBR) has a 20-day trading average at $8.55 and the current price is -49.21% off the 52-week high compared with 111.97% distance from its 52-week low. The 50-day simple moving average of the closing price is $8.65 and its 200-day simple moving average is $10.35. If we look at the stock’s price movements over the week, volatility stands at 3.10%, which increases to 3.13% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 49.07 to suggest the stock is neutral.
14 analysts observing the Petroleo Brasileiro S.A. – Petrobras (PBR) stock have set the 12-month price targets for the company’s shares at between $10.00 and $17.50. The consensus objective for the share price is $13.74, suggesting that the stock has a potential upside of 38.14% over the period. The median price target is 39.29% away from the current levels at $14.00.
FactSet Research has provided data showing that 14 brokerages have issued ratings for the stock. 1 analysts have rated it as a sell, while 1 advise that it is a overweight. 11 analysts have rated it as a buy and 1 have advised that investors hold their positions. The consensus recommendation rating is Overweight and Wall Street’s advice is for investors to Moderate Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on May 18, 2020 when Raymond James downgraded the stock to “Underperform” and issued a price target of. BofA/Merrill also downgraded the stock to “Neutral” from Buy on May 14, 2020 at a price target of.
The current price level is -0.65%, -1.69%, and -18.16% away from its SMA20, SMA50, and SMA200 respectively, with the PBR price moving above the 50-day SMA on August 28. Petroleo Brasileiro S.A. – Petrobras (PBR) stock is up 3.03% over the week and -6.39% over the past month. Its price is -46.68% year-to-date and -36.17% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2020, with the company’s earnings per share (EPS) of -$0.39 below consensus estimates by -$0.14. The company’s next earnings report is expected on 10/28/2020, with forecasts estimating quarterly EPS at -$0.05 and -$0.8 for whole year. PBR’s earnings per share are forecast to shrink by -151.30% this year and 176.30% over next year. Expected sales for next quarter are $14.77 billion, which analysts say will come at $54.03 billion for the current fiscal year and next year at $66.36 billion. In addition, estimates put the company’s current quarterly revenue at an average of $13.65 billion.
Its 12-month price target is $14.00. To reach the target analysts have set, the stock logically needs to grow 38.14 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $10.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $17.50.
Outstanding shares total 6.52B with insiders holding 0.05% of the shares and institutional holders owning 14.62% of the company’s common stock. The company has a return on investment of 10.10% and return on equity of -12.60%. The forward price to earnings ratio is 14.03. The beta has a value of 1.88. Price to book ratio is 1.27 and price to sales ratio is 1.03.
According to a U.S. Securities and Exchange Commission filing, American Funds EuroPacific Growth has added its position in Petroleo Brasileiro S.A. – Petrobras (PBR) to 62,185,271 shares, mirroring a recent increase by 36.35%. American Funds EuroPacific Growth added 16.58 million shares of Petroleo Brasileiro S.A. – Petrobras common stock bringing its total worth to about $539.15 million at the end of recent close, SEC documents show. American Funds EuroPacific Growth isn’t the only investment manager who changed stakes and is followed by American Funds New World Fund, which added 18.36 million shares to end up with 51,463,498 shares worth $446.19 million. DFA Dimensional Emerging Markets cut their holdings by -8.74% in the company over the course of the most recent quarter. It now holds a 0.29% position in Petroleo Brasileiro S.A. – Petrobras thanks to 10.67 million shares amounting to $92.47 million.