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Why Petrobras Could Be The Value Stock Your Portfolio Needs
Seeking Alpha· 2025-01-22 20:00
Investment Strategy - The investment service focuses on income-producing asset classes that provide sustainable portfolio income, diversification, and inflation hedging [1] - Diversification is emphasized as a key factor for achieving stable returns, with a preference for global stocks listed on the NYSE when valuations and dividends are attractive [2] - The investment approach targets defensive stocks with a medium- to long-term horizon [2] Experience and Expertise - The analyst has over 14 years of investment experience and holds an MBA in Finance [2] Portfolio and Opportunities - The service offers exclusive income-focused portfolios with top investment ideas [1]
Petrobras (PBR) Rises Yet Lags Behind Market: Some Facts Worth Knowing
ZACKS· 2025-01-21 23:56
Petrobras (PBR) closed the latest trading day at $13.81, indicating a +0.66% change from the previous session's end. The stock lagged the S&P 500's daily gain of 0.88%. On the other hand, the Dow registered a gain of 1.24%, and the technology-centric Nasdaq increased by 0.65%.Shares of the oil and gas company witnessed a gain of 6.11% over the previous month, beating the performance of the Oils-Energy sector with its loss of 0.38% and the S&P 500's gain of 1.17%.Investors will be eagerly watching for the pe ...
Petrobras Delivers Record-Setting Refinery Output in 2024
ZACKS· 2025-01-20 12:34
Petrobras (PBR) , Brazil's state-controlled oil and gas giant, has reported a landmark achievement in 2024 with record production levels at its refineries, marking a significant milestone in the company’s operational success. The company’s output of gasoline and S-10 diesel reached new heights, further setting its role as a key player in the global energy sector. Let us explore Petrobras' recent accomplishments, its strategic financial shifts and the wider implications of these developments on Brazil’s ener ...
Petrobras Nears a Deal to Regain Control of Key Fertilizer Plants
ZACKS· 2025-01-17 11:35
In a significant development,Petróleo Brasileiro S.A. - Petrobras (PBR) is nearing a deal with Unigel to resume management of two crucial fertilizer plants located in the northeast part of Brazil. These facilities were leased to Unigel in 2019 as part of Petrobras’ divestment strategy.Under the proposed deal, PBR will manage the plants and Unigel will be hired to operate and maintain them for five years.Although Unigel has agreed the deal, the company's management is awaiting a report from the PBR's working ...
Petrobras Extends Contract for Vessel Safe Zephyrus Until 2027
ZACKS· 2025-01-15 12:11
Petróleo Brasileiro S.A. - Petrobras (PBR) recently solidified its partnership with Prosafe by granting a $109.7 million contract extension for the semi-submersible vessel Safe Zephyrus until September 2027. The vessel, which secured the 954-day contract extension, will provide safety and maintenance support to Petrobras off the coast of Brazil.PBR’s Continued Collaboration With ProsafeProsafe’s initial journey with Petrobras started in 2022 after it secured a $73 million contract in Brazil to accommodate i ...
Is Petroleo Brasileiro (PBR) Stock Undervalued Right Now?
ZACKS· 2025-01-14 15:46
Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the ...
Petrobras Faces Arbitration Over Failure to Repair Subsea Pipeline
ZACKS· 2025-01-09 12:43
Arbitration and Legal Actions - Petrobras faces arbitration proceedings initiated by Seacrest Petroleo's subsidiaries for $71 million in damages due to unfulfilled pipeline repair obligations [1] - The arbitration is filed with the International Court of Arbitration of the ICC [1] - A local court issued an injunction against Petrobras in December, limiting its ability to take action against Seacrest for refusing to pay $71.2 million in post-acquisition costs [4] Breach of Purchase Agreement - Petrobras sold its stake in the Norte Capixaba Cluster to Seacrest for $544 million in April 2023, including pipeline repair obligations [2] - Failure to complete repairs led to $71 million in damages due to production inefficiencies and discounted oil sales [3] - Seacrest requested suspension of its $71 million post-closing payment to Petrobras, due on Jan 2, 2025 [3] Petrobras Overview - Petrobras is Brazil's largest integrated energy firm, involved in exploration, production, refining, and transportation of oil, gas, and hydrocarbons [5] - The company currently holds a Zacks Rank 3 (Hold) [5] Alternative Energy Sector Stocks - GeoPark Limited (GPRK) has a Zacks Rank 1 (Strong Buy) and is expected to achieve 19.39% YoY earnings growth in 2024 [6][7] - ARC Resources Ltd (AETUF) has a Zacks Rank 2 (Buy) with an expected EPS growth rate of 50.78% for next year [6][7] - Flotek Industries (FTK) has a Zacks Rank 2 (Buy) and is projected to achieve 125% YoY earnings growth in 2024 [6][8]
Petrobras Raises Jet Fuel Prices by 7% in Response to Market Condition
ZACKS· 2025-01-06 12:46
Petrobras (PBR) , Brazil's state-owned integrated oil and gas company, has implemented a 7% increase in jet fuel prices, effective Jan. 1, 2025. This price adjustment affects key markets such as Betim, Guarulhos and Duque de Caxias, as well as other major aviation hubs throughout Brazil. This move highlights PBR’s ongoing efforts to align its fuel pricing with global market dynamics, including volatile oil prices and exchange rate fluctuations.Why PBR is Increasing Jet Fuel PricesPetrobras’ decision to rais ...
Petrobras: Expanding Production At Attractive Breakeven Economics
Seeking Alpha· 2025-01-03 11:23
The Brazilian oil company Petrobras (NYSE: PBR ) has been a bit of a miss for me since my last update 1.75 years ago as it has handily outperformed the S&P 500 ( SPYProviding alpha-generating investment ideas. I am an independent investor managing my family's portfolio, primarily via a Self Managed Super Fund. You can expect my articles to deliver a clearly structured, evidence-based thesis. But first and foremost, I encourage readers to judge me on my performance.I have a generalist approach as I explore, ...
Wall Street Bulls Look Optimistic About Petrobras (PBR): Should You Buy?
ZACKS· 2024-12-30 15:31
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Let's take a look at what these Wall Street heavyweights have to say about Petrobras (PBR) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Petrobras currently has an average brokerage recommendation (AB ...