Equities analysts forecast that PETROLEO BRASIL/ADR (NYSE:PBR) will announce sales of $20.76 billion for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for PETROLEO BRASIL/ADR’s earnings. The lowest sales estimate is $18.35 billion and the highest is $23.18 billion. PETROLEO BRASIL/ADR posted sales of $24.35 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 14.7%. The business is expected to announce its next earnings report on Wednesday, February 26th.
According to Zacks, analysts expect that PETROLEO BRASIL/ADR will report full year sales of $78.39 billion for the current fiscal year, with estimates ranging from $76.33 billion to $81.36 billion. For the next year, analysts forecast that the business will post sales of $76.78 billion, with estimates ranging from $67.70 billion to $92.58 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow PETROLEO BRASIL/ADR.
Separately, ValuEngine cut shares of PETROLEO BRASIL/ADR from a “buy” rating to a “hold” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. PETROLEO BRASIL/ADR currently has an average rating of “Buy” and an average price target of $20.20.
PETROLEO BRASIL/ADR stock traded down $0.75 during trading hours on Monday, hitting $15.31. 30,544,707 shares of the company traded hands, compared to its average volume of 14,335,659. The firm has a market cap of $99.86 billion, a P/E ratio of 10.71 and a beta of 1.45. The company has a quick ratio of 0.87, a current ratio of 1.10 and a debt-to-equity ratio of 1.03. The firm’s 50-day simple moving average is $15.51 and its two-hundred day simple moving average is $14.97. PETROLEO BRASIL/ADR has a 1-year low of $11.89 and a 1-year high of $17.90.
The business also recently announced a dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Wednesday, November 13th will be paid a dividend of $0.085 per share. This is a boost from PETROLEO BRASIL/ADR’s previous dividend of $0.02. The ex-dividend date of this dividend is Tuesday, November 12th. PETROLEO BRASIL/ADR’s dividend payout ratio (DPR) is presently 23.78%.
Institutional investors have recently added to or reduced their stakes in the business. Lindbrook Capital LLC increased its stake in PETROLEO BRASIL/ADR by 91.5% during the 3rd quarter. Lindbrook Capital LLC now owns 2,581 shares of the oil and gas exploration company’s stock valued at $37,000 after buying an additional 1,233 shares during the period. KCS Wealth Advisory acquired a new position in PETROLEO BRASIL/ADR during the 3rd quarter valued at about $83,000. Quantum Capital Management acquired a new position in PETROLEO BRASIL/ADR during the 3rd quarter valued at about $122,000. Westwood Holdings Group Inc. acquired a new position in PETROLEO BRASIL/ADR during the 2nd quarter valued at about $133,000. Finally, Corient Capital Partners LLC acquired a new position in PETROLEO BRASIL/ADR during the 2nd quarter valued at about $159,000. 7.65% of the stock is currently owned by hedge funds and other institutional investors.
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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