JR Research is an opportunistic investor. He was recognized by TipRanks as a Top Analyst. He was also recognized by Seeking Alpha as a "Top Analyst To Follow" for Technology, Software, and Internet, as well as for Growth and GARP. He identifies attractive risk/reward opportunities supported by robust price action to potentially generate alpha well above the S&P 500. He has also demonstrated outperformance with his picks. He focuses on identifying growth investing opportunities that present the most attracti ...

Petroleo Brasileiro S.A. - Petrobras (NYSE: PBR ) is a highly profitable, diversified energy firm with a favorable distribution policy and a low valuation based off of earnings. The energy company benefited from modest growth in its production and its Analyst's Disclosure: I/we have a beneficial long position in the shares of PBR, XOM, CVX, BP either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it ( ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Petrobras (PBR) . Petrobras currently has an average brokerage recommendat ...

Petrobras (PBR) closed the latest trading day at $14.66, indicating a +0.55% change from the previous session's end. This change lagged the S&P 500's 1.7% gain on the day. Meanwhile, the Dow experienced a rise of 1.26%, and the technology-dominated Nasdaq saw an increase of 2.51%. Prior to today's trading, shares of the oil and gas company had lost 1.88% over the past month. This has was narrower than the Oils-Energy sector's loss of 2.52% and lagged the S&P 500's gain of 1.27% in that time. Market particip ...

Brazil's state-owned energy giant, Petrobras S.A. (PBR) has unveiled its new strategic plan that will mark a shift toward a greater emphasis on oil and gas exploration and production as the company seeks to rebuild its conventional reserves. A Sneak Peek Into PBR's New Plan The chief financial officer ("CFO") of the company, Fernando Melgarejo, announced that Petrobras neither plans to make any new mergers and acquisitions as part of its new strategic plan for 2025-2029 nor does it require more cash and deb ...

Petrobras (PBR) , is preparing its next five-year business plan covering 2025-2029 and according to chief financial officer, Fernando Melgarejo, this strategy will focus on realistic investment levels while potentially increasing the company's debt ceiling. This plan is anticipated to be released in November and is designed to ensure that the company continues to grow while maintaining financial flexibility. In a recent video interview, Melgarejo stated that PBR is having ongoing discussions on the plan, wh ...

Petrobras (PBR) closed the latest trading day at $14.53, indicating a +0.62% change from the previous session's end. The stock's change was more than the S&P 500's daily gain of 0.54%. At the same time, the Dow added 0.72%, and the tech-heavy Nasdaq gained 0.65%. Heading into today, shares of the oil and gas company had lost 4.05% over the past month, lagging the OilsEnergy sector's loss of 3.91% and the S&P 500's gain of 4.86% in that time. Market participants will be closely following the financial result ...

Petrobras (PBR) , a Brazilian oil and gas company, is speeding up its strategy to re-enter the fertilizer market. The company is evaluating a potential investment of around $800 million to complete the UFN-III plant, as reported by Bloomberg. This move comes at a critical time as Brazil's agricultural sector experiences a robust growth, highlighting a lucrative opportunity for PBR to leverage its expertise and resources in this critical sector. Brazil stands as a global agricultural powerhouse, renowned for ...

Petrobras S.A. (PBR) , the Brazilian state-owned energy company, has inked 26 concession contracts in partnership with Shell plc (SHEL) for several blocks in the Pelotas Basin. Per the terms of the agreement, Petrobras will become the operator of these blocks, holding a 70% stake. The remaining 30% stake will be held by Shell. These contracts were awarded by the National Agency of Petroleum, Natural Gas and Biofuels (ANP) in December 2023. The contracts were made available in a public session conducted by t ...

Core Viewpoint - Petrobras stock appears undervalued but faces significant political and geographical risks, leading to a cautious outlook despite potential upside based on comparative valuations [2][13]. Company Overview - Petrobras, Brazil's largest national oil company, is heavily influenced by government control, with the Brazilian state holding over 50% of voting rights and approximately 29% of total shares [4]. - The company has undergone a strategic transformation, focusing on its pre-salt deepwater oil and gas resources, which has improved profitability and financial stability [6]. Financial Performance - In Q2 2024, Petrobras reported a 2.4% year-over-year increase in oil and gas production, with pre-salt fields contributing 81% to production [7]. - Despite generating an EBITDA of $12 billion and free cash flow of approximately $6.1 billion, the company faced a consolidated revenue decline of over 8% year-over-year [7]. - The adjusted net income was reported at $5.4 billion, impacted by a $2.3 billion exchange rate loss and a $2.1 billion tax agreement expense [7]. Capital Expenditure and Strategy - Petrobras plans to increase capital expenditures (CapEx) to between $13.5 billion and $14.5 billion for 2024, a rise of 7% to 15% compared to 2023 [8]. - The company is committed to deleveraging, with gross debt reduced to $59.6 billion and a cash position exceeding $13 billion [8]. Valuation and Market Position - Petrobras is currently trading at an EV/EBITDA ratio of 3x, still below the industry median, indicating a narrowing valuation discount [9]. - The potential upside for Petrobras stock could be approximately 50% higher than its current price based on comparative valuations [10]. Risks and Outlook - The company faces heightened political and geographical risks that could impact its financial position and CapEx returns if oil prices remain flat or decline [13]. - The stock may experience pressure as it approaches long-term resistance levels, and a strong catalyst for growth is deemed unlikely in the near term [12].