Petroleo Brasileiro S.A. Petrobras ADR (NYSE:PBR) shares, rose in value, with the stock price down by -0.19% to the previous day’s close as strong demand from buyers drove the stock to $15.49.
Actively observing the price movement in the last trading, the stock closed the session at $15.52. The value of beta (5-year monthly) was 1.01 whereas the PE ratio was 4.05 over 12-month period. Referring to stock’s 52-week performance, its high was $17.91, and the low was $9.20. On the whole, PBR has fluctuated by -7.19% over the past month.
The company’s Forward Dividend Ratio is 0.69, with its dividend yield at 4.47%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.86, which is expected to increase to $1.03 for fiscal year $3.42 and then to about $3.23 by fiscal year 2025. Data indicates that the EPS growth is expected to be -18.20% in 2025, while the next year’s EPS growth is forecast to be -5.60%.
Analysts have estimated the company’s revenue for the quarter at $25.1 billion, with a low estimate of $23.84 billion and a high estimate of $25.82 billion. According to the average forecast, sales growth in current quarter could jump down -6.50%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $98.15 billion, representing a decrease of -4.30% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that PBR’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of PBR currently trading nearly 3.16% and -4.73% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.95, while the 7-day volatility ratio is showing 2.83% which for the 30-day chart, stands at 2.91%. Furthermore, Petroleo Brasileiro S.A. Petrobras ADR (PBR)’s beta value is 1.53, and its average true range (ATR) is 0.46.
A comparison of Petroleo Brasileiro S.A. Petrobras ADR (PBR) with its peers suggests the former has fared considerably weaker in the market. PBR showed an intraday change of -0.19% in last session, and over the past year, it grew by 64.16%%.
Data on historical trading for Petroleo Brasileiro S.A. Petrobras ADR (NYSE:PBR) indicates that the trading volumes over the past 10 days have averaged 22.21 million and over the past 3 months, they’ve averaged 19.63 million. According to company’s latest data on outstanding shares, there are 3.72 billion shares outstanding.
Nearly 0.01% of Petroleo Brasileiro S.A. Petrobras ADR’s shares belong to company insiders and institutional investors own 20.73% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 21.62 million shares as on Mar 15, 2024, resulting in a short ratio of 0.94. According to the data, the short interest in Petroleo Brasileiro S.A. Petrobras ADR (PBR) stood at 0.37% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 19.32 million. The stock has fallen by -3.01% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PBR stock heading into the next quarter.
