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Petrobras Stock Is On Sale, Reiterating 'Buy'
Seeking Alpha· 2025-01-28 22:33
Now you can get access to the latest and highest-quality analysis of recent Wall Street buying and selling ideas with just one subscription to Beyond the Wall Investing ! There is a free trial and a special discount of 10% for you. Join us today!Daniel Sereda is chief investment analyst at a family office whose investments span continents and diverse asset classes. This requires him to navigate through a plethora of information on a daily basis. His expertise is in filtering this wealth of data to extract t ...
Petrobras Advances Divestment of Sergipe's Tartaruga Field
ZACKS· 2025-01-28 12:21
Petróleo Brasileiro S.A. - Petrobras (PBR) recently moved ahead with the divestment procedure of 25% of its minority interest in the Tartaruga field by initiating the binding phase of the proceedings. The company started the divestment procedure in November 2024 with the opportunity disclosure, also known as the teaser stage. This stage revealed the main components of the transaction and the eligibility criteria for selecting potential buyers.PBR has advanced the sale proceedings with the binding phase, whe ...
Petrobras Declares Extension of Tupi Field FPSO Stay Till 2030
ZACKS· 2025-01-24 11:46
Petróleo Brasileiro S.A. - Petrobras (PBR) , on behalf of the Tupi field consortium, recently announced an extension to the charter term of the FPSO Cidade de Angra dos Reis by another five years. The extension contract for the floating production, storage and offloading (FPSO) unit was inked with Tupi Pilot MV 22 BV and Modec Serviços de Petróleo do Brasil Ltda. for prolonging the FPSO stay along with certain adjustments to the unit so that it can boost the current production potential.After extending the ...
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
Core Insights - The article emphasizes the importance of a proven ranking system that focuses on earnings estimates and revisions to identify winning stocks [1] - Value investing is highlighted as a favored strategy that seeks to find undervalued companies through fundamental analysis and traditional valuation metrics [2] - Zacks has developed a Style Scores system to identify stocks with specific traits, particularly those with high grades in the "Value" category, which are considered strong value stocks when paired with a high Zacks Rank [3] Company Analysis: Petroleo Brasileiro (PBR) - Petroleo Brasileiro (PBR) is currently under observation, holding a Zacks Rank of 2 (Buy) and an A for Value [4] - The stock is trading at a P/E ratio of 4.25, which is comparable to the industry average of 4.26, with a Forward P/E range over the last 12 months between 3.97 and 5.69, and a median of 4.54 [4] - PBR's strong Value grade indicates that it is likely undervalued, and when considering its earnings outlook, it appears to be an impressive value stock at this time [5]
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]