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 ...

Company Performance - Petrobras (PBR) closed at $14.53, reflecting a +0.62% change from the previous session, outperforming the S&P 500's gain of 0.54% [1] - Over the past month, Petrobras shares have decreased by 4.05%, underperforming the Oils-Energy sector's loss of 3.91% and the S&P 500's gain of 4.86% [1] Upcoming Earnings - Petrobras is set to announce its earnings on November 7, 2024, with projected earnings of $0.98 per share, indicating a year-over-year growth of 13.95% [2] - The consensus estimate for quarterly revenue is $23.25 billion, which represents a 9% decline from the same period last year [2] Annual Forecast - For the entire year, the Zacks Consensus Estimates predict earnings of $3.14 per share and revenue of $94.76 billion, reflecting changes of -24.88% and -7.47% respectively compared to the previous year [3] Analyst Estimates - Recent modifications to analyst estimates for Petrobras are crucial as they reflect near-term business trends, with upward revisions indicating analysts' positive outlook on the company's operations [4] - The consensus EPS projection has decreased by 1.26% in the past 30 days, and Petrobras currently holds a Zacks Rank of 3 (Hold) [6] Valuation Metrics - Petrobras is trading at a Forward P/E ratio of 4.6, which is higher than the industry average Forward P/E of 4.26, suggesting a premium valuation [7] - The company has a PEG ratio of 0.17, which is in line with the average PEG ratio of the Oil and Gas - Integrated - Emerging Markets industry [8] Industry Context - The Oil and Gas - Integrated - Emerging Markets industry is part of the Oils-Energy sector and currently holds a Zacks Industry Rank of 214, placing it in the bottom 16% of over 250 industries [9]

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].

Petrobras (PBR) , a Brazilian integrated oil and gas company, is actively searching for shale gas deals in Argentina, specifically in the prolific Vaca Muerta region, according to Bloomberg. This move aligns with PBR's goal to diversify and enhance its natural gas supplies, which is a key factor in driving Brazil's industrial growth. As part of a larger international expansion plan, this strategy underlines PBR's ambition to restore its oil and gas reserves domestically and abroad while catering to rising e ...

Petrobras (PBR) , a Brazilian oil and gas company, is set to revolutionize its offshore oil and gas production with the implementation of a cutting-edge digital twin prototype. This technology, which was successfully tested on the Cidade de Anchieta and P-57 FPSO platforms, operating in the Jubarte field, located in the pre-salt and post-salt layers offshore Espírito Santo, promises to enhance production efficiency by approximately 1%. Developed in two years by the Brazilian company, Engineering Simulation ...