Petroleo Brasileiro S.A. Petrobras ADR (NYSE: PBR) has a higher price-to-earnings ratio of 5.95x compared to its average ratio. PBR has 36-month beta value of 1.46. Analysts have mixed views on the stock, with 5 analysts rating it as a “buy,” 1 as “overweight,” 7 as “hold,” and 2 as “sell.”
The public float for PBR is 3.72B, and currently, short sellers hold a 0.70% ratio of that float. The average trading volume of PBR on September 13, 2024 was 16.81M shares.
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PBR) stock’s latest price update
The stock of Petroleo Brasileiro S.A. Petrobras ADR (NYSE: PBR) has increased by 1.63 when compared to last closing price of 14.44.Despite this, the company has seen a loss of -0.51% in its stock price over the last five trading days. seekingalpha.com reported 2024-09-10 that Petrobras has achieved strong production and financial results, hitting 2.8 million barrels/day and generating $10 billion in quarterly operating cash flow. The company has significantly reduced its net debt to $46.2 billion and maintains a robust cash position, enhancing financial stability. Petrobras offers impressive shareholder returns with a double-digit dividend yield, supported by strong free cash flow and substantial dividend payments.
PBR’s Market Performance
Petroleo Brasileiro S.A. Petrobras ADR (PBR) has seen a -0.51% fall in stock performance for the week, with a -0.21% decline in the past month and a 7.45% surge in the past quarter. The volatility ratio for the week is 2.74%, and the volatility levels for the past 30 days are at 2.12% for PBR. . The simple moving average for the past 20 days is -1.76% for PBR’s stock, with a -3.32% simple moving average for the past 200 days.
Analysts’ Opinion of PBR
Many brokerage firms have already submitted their reports for PBR stocks, with Morgan Stanley repeating the rating for PBR by listing it as a “Overweight.” The predicted price for PBR in the upcoming period, according to Morgan Stanley is $20 based on the research report published on August 26, 2024 of the current year 2024.
PBR Trading at 0.36% from the 50-Day Moving Average
After a stumble in the market that brought PBR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -15.67% of loss for the given period.
Volatility was left at 2.12%, however, over the last 30 days, the volatility rate increased by 2.74%, as shares sank -2.09% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.58% upper at present.
During the last 5 trading sessions, PBR fell by -0.10%, which changed the moving average for the period of 200-days by -3.31% in comparison to the 20-day moving average, which settled at $14.97. In addition, Petroleo Brasileiro S.A. Petrobras ADR saw -5.42% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for PBR
Current profitability levels for the company are sitting at:
- 0.36 for the present operating margin
- 0.5 for the gross margin
The net margin for Petroleo Brasileiro S.A. Petrobras ADR stands at 0.16. The total capital return value is set at 0.23. Equity return is now at value 22.21, with 8.08 for asset returns.
Based on Petroleo Brasileiro S.A. Petrobras ADR (PBR), the company’s capital structure generated 0.33 points at debt to capital in total, while cash flow to debt ratio is standing at 1.19. The debt to equity ratio resting at 0.5. The interest coverage ratio of the stock is 5.12.
Currently, EBITDA for the company is 52.73 billion with net debt to EBITDA at 1.15. When we switch over and look at the enterprise to sales, we see a ratio of 1.47. The receivables turnover for the company is 13.85for trailing twelve months and the total asset turnover is 0.52. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.90.
Conclusion
To put it simply, Petroleo Brasileiro S.A. Petrobras ADR (PBR) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
