Key Details
Price
$13.81Last Dividend
$0.46TTM Dividend Yield
20.50%PE Ratio
5.44Annual ROE
33.44%Beta
0.35Events Calendar
Next earnings date:
Mar 7, 2025Recent quarterly earnings:
Nov 7, 2024Recent annual earnings:
Mar 8, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
Dec 27, 2024Next split:
N/ARecent split:
May 8, 2008Analyst ratings
Recent major analysts updates
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Institutional Ownership
In the most recent trading session, Petrobras (PBR) finished at $14.22, which is an increase of 0.07% compared to the day before.
PBR is currently priced much lower compared to its U.S. and European competitors.
On Thursday, Brazilian President Luiz Inacio Lula da Silva stated that Petrobras is in charge of setting fuel prices, not him. This was in response to news reports suggesting that he had given permission for the state-owned oil company to raise diesel prices.
On Wednesday, Petrobras, the state-owned oil company in Brazil, announced that its proven reserves of oil, condensate, and natural gas increased to 11.4 billion barrels of oil equivalent (boe) last year, up from 10.9 billion in 2023.
Petrobras is currently undervalued, trading much lower than its competitors, with a target price of $36.38 by the end of 2026, which suggests a potential increase of 162.3%. The Brazilian real is also undervalued right now, which could lead to good returns and less risk. Additionally, Petrobras has more stable free cash flow, better profit margins, and quicker growth compared to its rivals, making it a strong investment choice despite political uncertainties.
Petrobras has solid financials, careful spending, and high-quality assets, which make it a leader in the global energy sector, even with some local challenges. The stock's future EV/EBITDA ratio of under 2.2x suggests there is a lot of room for growth, particularly as its debt decreases. With its low-cost operations, high-quality crude oil, and focus on reducing debt, Petrobras is seen as a great deal in the oil and gas market.
PBR has started the process to sell 25% of its share in the Tartaruga oil field. This decision aligns with its strategy to concentrate on projects that offer high returns.
At the end of the last trading day, Petrobras (PBR) was priced at $13.88, which represents a 1.09% increase compared to the previous day.
PBR has announced that the charter for the FPSO Cidade de Angra dos Reis in the Tupi field has been extended for an additional five years, now lasting until 2030.
Investing in non-U.S. stocks such as Petrobras can help protect against a decline in the U.S. dollar, while also providing high returns and lower prices compared to American companies. Despite the political risks associated with the Brazilian government's majority ownership, Petrobras remains appealing due to its strong production and cash flow. Additionally, smart investments in profitable pre-salt projects and careful financial management have improved Petrobras' financial situation, lowering its debt to the lowest point since 2008.
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