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Petróleo Brasileiro S.A. - Petrobras (PBR) Stock Price, News & Analysis

+0.34 (+2.52%)
(As of 06/18/2024 ET)
Today's Range
50-Day Range
52-Week Range
18.06 million shs
Average Volume
19.65 million shs
Market Capitalization
$90.27 billion
P/E Ratio
Dividend Yield
Price Target

Petróleo Brasileiro S.A. - Petrobras MarketRank™ Stock Analysis

Analyst Rating
2.44 Rating Score
18.0% Upside
$16.33 Price Target
Short Interest
0.36% of Shares Sold Short
Dividend Strength
Based on Four Factors
News Sentiment
0.50mentions of Petróleo Brasileiro S.A. - Petrobras in the last 14 days
Based on 3 Articles This Week
Insider Trading
Proj. Earnings Growth
From $3.54 to $3.24 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.70 out of 5 stars

PBR stock logo

About Petróleo Brasileiro S.A. - Petrobras Stock (NYSE:PBR)

Petróleo Brasileiro S.A., more commonly known by the name Petrobras, is a multinational integrated and diversified energy company headquartered in Brazil. The company was founded in 1953 by the government of Brazil and was a government-run entity for the first portion of its life. The company’s motto at inception was “The Oil Is Ours”, it is headquartered in Rio de Janeiro and is listed on the Forbes Global 500.

Petrobras operated with a legal monopoly in Brazil until 1997. During that time the company’s production ramped from 2,700 barrels per day to about 2.6 million barrels per day in 2022. Along the way the company entered the refining market in 1961, it opened the Cenpes Research Center in 1963 (one of the world’s largest and leading petroleum research centers), it entered the petrochem market in 1968, and then, in 1994, it launched what was the world’s largest offshore drilling and production facility only to have it sink after less than 20 years in service.

Since 1997, when the government granted monopoly was revoked, the company has expanded its operations into other countries and is now functional in 16 nations. Today, Petrobras explores for, produces, and markets crude oil, natural gas, and derivative products worldwide. The company’s operations are worldwide but the bulk of business is in Brazil. At the end of 2021, the company had 8.435 billion barrels of proven reserves of which less than 0.50% were located outside of Brazil.

The government of Brazil retains 64% of the voting rights in Petrobras. The remaining shares are listed on the B3 exchange and are part of the Bovespa index. The stock is also listed on the NYSE as a depository receipt shares and in Madrid. The company operates in 4 primary business segments that are Exploration and Production: Refining, Transportation and Marketing; Gas and Power; and Corporate and Other Businesses.

The Exploration and Production segment explores and develops oil fields, processes, delivers, and trades in crude oil, crude oil products, natural gas, and oil-bearing shale feedstock. The Refining, Transportation, and Marketing segments are the mid and downstream operations including refining, pipelines, and wholesale/retail operations. This segment is also engaged in petrochemical and ethanol production. The Gas and Power segment markets natural gas and electricity. This segment also has interests in petrochemicals. The Corporate and Other Businesses segment is engaged in the production of renewable fuels such as ethanol, biodiesel, and their co-products.

Petrobras environmental record includes aiding a rebound of Humpback whales, supporting and rebuilding forest ecosystems, and advances in green and renewable technology.

PBR Stock Price History

PBR Stock News Headlines

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I recently uncovered a way the government could use the next crisis as a pretext to gain more control … and radically change life in America as we know it today. And a Draconian set of technologies that could impose a new kind of financial surveillance in America.
Radical change coming — do this NOW to protect yourself
I recently uncovered a way the government could use the next crisis as a pretext to gain more control … and radically change life in America as we know it today. And a Draconian set of technologies that could impose a new kind of financial surveillance in America.
Petrobras: It's Hard To Be Bullish Now
Petrobras Halts Sale of Refineries to Aid Brazil Economy
The 6 Best Dividend Stocks To Buy With $2000
See More Headlines
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Company Calendar

Ex-Dividend for 6/27 Dividend
Ex-Dividend for 6/27 Dividend
Last Earnings
Dividend Payable
Dividend Payable
Next Earnings (Estimated)
Fiscal Year End

Industry, Sector and Symbol

Crude petroleum & natural gas
Year Founded

Price Target and Rating

Average Stock Price Target
High Stock Price Target
Low Stock Price Target
Potential Upside/Downside
Consensus Rating
Rating Score (0-4)
Research Coverage
9 Analysts


Net Income
$24.88 billion
Pretax Margin


Sales & Book Value

Annual Sales
$99.41 billion
Cash Flow
$6.32 per share
Book Value
$12.11 per share


Outstanding Shares
Free Float
Market Cap
$90.27 billion
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Key Executives

  • Mr. Jean Paul Terra Prates (Age 55)
    CEO & Director
  • Mr. Sergio Caetano Leite (Age 54)
    Chief Financial & Investor Relations Officer and Member of Executive Board
  • Mr. Mario Vinicius Claussen Spinelli
    Chief Governance & Compliance Officer and Member of Executive Board
  • Mr. Joelson Falcao Mendes (Age 55)
    Chief Exploration & Production Officer and Member of Executive Board
  • Mr. Carlos Jose do Nascimento Travassos (Age 56)
    Chief Engineering, Technology & Innovation Officer and Member of Executive Board
  • Mr. Claudio Romeo Schlosser (Age 59)
    Chief Logistics, Commercialization & Markets Officer and Member of Executive Board
  • Mr. William Franca da Silva
    Chief Industrial Processes & Products Officer and Member of Executive Board
  • Ms. Clarice Coppetti (Age 60)
    Chief Corporate Affairs Officer & Member of Executive Board
  • Mr. Mauricio Tiomno Tolmasquim
    Chief Energy Transition & Sustainability Officer and Member of Executive Board
  • Mr. Hélio Siqueira Júnior
    Acting General Counsel

Should I Buy Petróleo Brasileiro S.A. - Petrobras Stock? PBR Pros and Cons Explained


Here are some ways that investors could benefit from investing in Petróleo Brasileiro S.A. - Petrobras:

  • Petróleo Brasileiro S.A. - Petrobras has shown strong growth potential in the energy sector, with a focus on oil and gas exploration and production.
  • The company has been actively reducing its debt levels, which can lead to improved financial stability and increased investor confidence.
  • Recent positive developments in the oil market have led to an increase in Petrobras' stock price, indicating a favorable market sentiment towards the company.
  • Petrobras has been implementing cost-cutting measures and operational efficiencies, which can enhance profitability and shareholder value.
  • The company's strategic investments in renewable energy and sustainability initiatives align with the global shift towards clean energy, potentially attracting environmentally conscious investors.


Investors should be bearish about investing in Petróleo Brasileiro S.A. - Petrobras for these reasons:

  • Volatility in oil prices can significantly impact Petrobras' financial performance and stock valuation, posing risks to investors.
  • Political and regulatory uncertainties in Brazil, where Petrobras is based, may introduce instability and affect the company's operations and profitability.
  • Fluctuations in currency exchange rates, particularly the Brazilian Real, can influence Petrobras' revenue and earnings, potentially leading to financial challenges.
  • Environmental and social risks associated with oil and gas exploration could expose Petrobras to legal liabilities and reputational damage, impacting investor trust.
  • Competitive pressures in the energy sector, both domestically and globally, could hinder Petrobras' market position and limit its growth prospects.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, June 5, 2024. Please send any questions or comments about these Petróleo Brasileiro S.A. - Petrobras pros and cons to

PBR Stock Analysis - Frequently Asked Questions

Should I buy or sell Petróleo Brasileiro S.A. - Petrobras stock right now?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Petróleo Brasileiro S.A. - Petrobras in the last twelve months. There are currently 5 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" PBR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PBR, but not buy additional shares or sell existing shares.
View PBR analyst ratings
or view top-rated stocks.

What is Petróleo Brasileiro S.A. - Petrobras' stock price target for 2024?

9 Wall Street analysts have issued 1 year price targets for Petróleo Brasileiro S.A. - Petrobras' shares. Their PBR share price targets range from $14.00 to $18.00. On average, they expect the company's stock price to reach $16.33 in the next year. This suggests a possible upside of 18.0% from the stock's current price.
View analysts price targets for PBR
or view top-rated stocks among Wall Street analysts.

How have PBR shares performed in 2024?

Petróleo Brasileiro S.A. - Petrobras' stock was trading at $15.97 at the beginning of the year. Since then, PBR stock has decreased by 13.3% and is now trading at $13.84.
View the best growth stocks for 2024 here

Are investors shorting Petróleo Brasileiro S.A. - Petrobras?

Petróleo Brasileiro S.A. - Petrobras saw a decline in short interest during the month of May. As of May 31st, there was short interest totaling 23,520,000 shares, a decline of 19.8% from the May 15th total of 29,340,000 shares. Based on an average trading volume of 21,070,000 shares, the short-interest ratio is presently 1.1 days.
View Petróleo Brasileiro S.A. - Petrobras' Short Interest

When is Petróleo Brasileiro S.A. - Petrobras' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 1st 2024.
View our PBR earnings forecast

How were Petróleo Brasileiro S.A. - Petrobras' earnings last quarter?

Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) released its quarterly earnings data on Monday, May, 13th. The oil and gas exploration company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by $0.09. The oil and gas exploration company had revenue of $23.77 billion for the quarter, compared to the consensus estimate of $24.63 billion. Petróleo Brasileiro S.A. - Petrobras had a trailing twelve-month return on equity of 31.07% and a net margin of 22.46%. During the same quarter in the previous year, the business earned $1.11 earnings per share.

How often does Petróleo Brasileiro S.A. - Petrobras pay dividends? What is the dividend yield for Petróleo Brasileiro S.A. - Petrobras?

Petróleo Brasileiro S.A. - Petrobras declared a Variable dividend on Friday, May 17th. Investors of record on Thursday, June 13th will be paid a dividend of $0.0288 per share on Friday, September 27th. This represents a yield of 16%. The ex-dividend date is Thursday, June 13th.
Read our dividend analysis for PBR

Is Petróleo Brasileiro S.A. - Petrobras a good dividend stock?

Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) pays an annual dividend of $0.90 per share and currently has a dividend yield of 6.67%. PBR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 26.16%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PBR will have a dividend payout ratio of 27.78% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PBR.

What is Pedro Parente's approval rating as Petróleo Brasileiro S.A. - Petrobras' CEO?

57 employees have rated Petróleo Brasileiro S.A. - Petrobras Chief Executive Officer Pedro Parente on Pedro Parente has an approval rating of 42% among the company's employees. This puts Pedro Parente in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Petróleo Brasileiro S.A. - Petrobras own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Petróleo Brasileiro S.A. - Petrobras investors own include Vale (VALE), Edap Tms (EDAP), Bank of America (BAC), Intel (INTC), NVIDIA (NVDA), Alibaba Group (BABA), Citigroup (C), Advanced Micro Devices (AMD), General Electric (GE) and Cisco Systems (CSCO).

Who are Petróleo Brasileiro S.A. - Petrobras' major shareholders?

Petróleo Brasileiro S.A. - Petrobras' stock is owned by a number of institutional and retail investors. Top institutional shareholders include GQG Partners LLC (0.00%), Lazard Asset Management LLC (0.00%), ARGA Investment Management LP (0.20%), Mondrian Investment Partners LTD (0.00%), Artemis Investment Management LLP (0.00%) and Perpetual Ltd (0.00%).
View institutional ownership trends

How do I buy shares of Petróleo Brasileiro S.A. - Petrobras?

Shares of PBR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:PBR) was last updated on 6/19/2024 by Staff

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