The stock of Petroleo Brasileiro S.A. Petrobras ADR (NYSE: PBR) has increased by 5.08 when compared to last closing price of 14.15.Despite this, the company has seen a gain of 5.38% in its stock price over the last five trading days. reuters.com reported 2024-11-21 that Brazilian state-run oil firm Petrobras approved on Thursday a payout of 20 billion reais ($3.4 billion) in extraordinary dividends to shareholders, and it lowered the minimum cash level required for its $111 billion strategic plan.
Is It Worth Investing in Petroleo Brasileiro S.A. Petrobras ADR (NYSE: PBR) Right Now?
The price-to-earnings ratio for Petroleo Brasileiro S.A. Petrobras ADR (NYSE: PBR) is above average at 5.85x, Company’s 36-month beta value is 1.47.Analysts have differing opinions on the stock, with 5 analysts rating it as a “buy,” 4 as “overweight,” 7 as “hold,” and 2 as “sell.”
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The public float for PBR is 3.72B, and currently, short sellers hold a 0.70% ratio of that floaft. The average trading volume of PBR on November 22, 2024 was 15.76M shares.
PBR’s Market Performance
The stock of Petroleo Brasileiro S.A. Petrobras ADR (PBR) has seen a 5.38% increase in the past week, with a 8.29% rise in the past month, and a -4.99% fall in the past quarter. The volatility ratio for the week is 1.85%, and the volatility levels for the past 30 days are at 2.03% for PBR. The simple moving average for the last 20 days is 7.89% for PBR’s stock, with a simple moving average of -0.02% for the last 200 days.
Analysts’ Opinion of PBR
JP Morgan, on the other hand, stated in their research note that they expect to see PBR reach a price target of $19, previously predicting the price at $16.50. The rating they have provided for PBR stocks is “Overweight” according to the report published on September 25th, 2024.
Morgan Stanley gave a rating of “Overweight” to PBR, setting the target price at $20 in the report published on August 26th of the current year.
PBR Trading at 4.37% 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 -14.57% of loss for the given period.
Volatility was left at 2.03%, however, over the last 30 days, the volatility rate increased by 1.85%, as shares surge +7.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.75% upper at present.
During the last 5 trading sessions, PBR rose by +4.78%, which changed the moving average for the period of 200-days by -14.24% in comparison to the 20-day moving average, which settled at $13.78. In addition, Petroleo Brasileiro S.A. Petrobras ADR saw -4.19% 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:
- 0.25 for the present operating margin
- 0.52 for the gross margin
The net margin for Petroleo Brasileiro S.A. Petrobras ADR stands at 0.17. The total capital return value is set at 0.15. Equity return is now at value 21.98, with 8.15 for asset returns.
Based on Petroleo Brasileiro S.A. Petrobras ADR (PBR), the company’s capital structure generated 0.26 points at debt to capital in total, while cash flow to debt ratio is standing at 1.55. The debt to equity ratio resting at 0.36. The interest coverage ratio of the stock is 7.74.
Currently, EBITDA for the company is 51.23 billion with net debt to EBITDA at 1.26. When we switch over and look at the enterprise to sales, we see a ratio of 1.46. The receivables turnover for the company is 14.34for trailing twelve months and the total asset turnover is 0.49. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.94.
Conclusion
In a nutshell, Petroleo Brasileiro S.A. Petrobras ADR (PBR) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
