Analysts forecast that PETROLEO BRASIL/ADR (NYSE:PBR) will announce $0.31 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for PETROLEO BRASIL/ADR’s earnings. The highest EPS estimate is $0.37 and the lowest is $0.24. PETROLEO BRASIL/ADR posted earnings of $0.26 per share in the same quarter last year, which would indicate a positive year over year growth rate of 19.2%. The firm is scheduled to announce its next earnings report on Tuesday, November 5th.
On average, analysts expect that PETROLEO BRASIL/ADR will report full year earnings of $1.23 per share for the current year, with EPS estimates ranging from $0.78 to $1.68. For the next year, analysts forecast that the business will post earnings of $1.56 per share, with EPS estimates ranging from $0.76 to $2.65. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover PETROLEO BRASIL/ADR.
PETROLEO BRASIL/ADR (NYSE:PBR) last announced its quarterly earnings data on Monday, August 5th. The oil and gas exploration company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.38. PETROLEO BRASIL/ADR had a return on equity of 12.74% and a net margin of 9.12%. The company had revenue of $18.50 billion during the quarter, compared to the consensus estimate of $22.35 billion.
A number of equities research analysts have recently commented on PBR shares. Citigroup reiterated a “buy” rating and set a $23.00 price objective (up previously from $20.20) on shares of PETROLEO BRASIL/ADR in a research report on Monday, July 8th. Goldman Sachs Group started coverage on PETROLEO BRASIL/ADR in a research report on Thursday, July 11th. They set a “buy” rating for the company. ValuEngine lowered PETROLEO BRASIL/ADR from a “hold” rating to a “sell” rating in a report on Tuesday, August 20th. Finally, Bank of America started coverage on PETROLEO BRASIL/ADR in a report on Wednesday, July 3rd. They issued a “buy” rating and a $21.00 target price for the company. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $20.00.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wetherby Asset Management Inc. lifted its holdings in shares of PETROLEO BRASIL/ADR by 2.8% in the second quarter. Wetherby Asset Management Inc. now owns 41,057 shares of the oil and gas exploration company’s stock valued at $639,000 after purchasing an additional 1,117 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of PETROLEO BRASIL/ADR by 3.3% in the second quarter. Nomura Asset Management Co. Ltd. now owns 44,681 shares of the oil and gas exploration company’s stock worth $696,000 after acquiring an additional 1,437 shares during the last quarter. OLD National Bancorp IN increased its stake in shares of PETROLEO BRASIL/ADR by 14.1% in the second quarter. OLD National Bancorp IN now owns 11,940 shares of the oil and gas exploration company’s stock worth $186,000 after acquiring an additional 1,479 shares during the last quarter. Highland Capital Management LLC increased its stake in shares of PETROLEO BRASIL/ADR by 2.3% in the second quarter. Highland Capital Management LLC now owns 77,947 shares of the oil and gas exploration company’s stock worth $1,214,000 after acquiring an additional 1,735 shares during the last quarter. Finally, Gould Asset Management LLC CA increased its stake in shares of PETROLEO BRASIL/ADR by 17.1% in the first quarter. Gould Asset Management LLC CA now owns 12,250 shares of the oil and gas exploration company’s stock worth $195,000 after acquiring an additional 1,785 shares during the last quarter. Institutional investors own 7.66% of the company’s stock.
Shares of NYSE:PBR traded down $0.17 on Friday, reaching $14.54. 8,697,200 shares of the company traded hands, compared to its average volume of 16,586,963. PETROLEO BRASIL/ADR has a fifty-two week low of $10.38 and a fifty-two week high of $17.90. The company’s 50 day moving average is $14.05 and its 200-day moving average is $15.17. The stock has a market capitalization of $96.20 billion, a PE ratio of 10.17 and a beta of 1.46. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.31 and a quick ratio of 1.06.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Wednesday, August 14th will be issued a $0.077 dividend. The ex-dividend date is Tuesday, August 13th. This represents a $0.31 dividend on an annualized basis and a dividend yield of 2.12%. PETROLEO BRASIL/ADR’s payout ratio is currently 21.68%.
PETROLEO BRASIL/ADR Company Profile
Petróleo Brasileiro SA – Petrobras operates in the oil, natural gas, and energy industries in Brazil and internationally. It engages in prospecting, drilling, refining, processing, trading, and transporting crude oil from producing onshore and offshore oil fields and shale or other rocks, as well as oil products, natural gas, and other liquid hydrocarbons.
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