Petrobras (PBR) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this oil and gas company have returned -9.9% over the past month versus the Zacks S&P 500 composite's +1% change. The Zacks Oil and Gas - Integrated - Emerging Markets industry, to which Petrobras belongs, has lost 6.9% over this period. Now the key question is: Where could the stock be headed in the near ...

Petrobras (PBR) closed the most recent trading day at $13.79, making no change from the previous trading session. The stock trailed the S&P 500, which registered a daily gain of 0.27%. Meanwhile, the Dow gained 0.65%, and the Nasdaq, a tech-heavy index, added 0.26%.Shares of the oil and gas company have depreciated by 5.42% over the course of the past month, outperforming the Oils-Energy sector's loss of 9.27% and lagging the S&P 500's gain of 2%.Investors will be eagerly watching for the performance of Pet ...

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 ( ...

Petrobras (PBR) , Brazil's state-run oil and gas company, is poised to significantly reduce its planned investments for the upcoming year, despite explicit requests from the government of Brazil to increase its capital expenditures (CAPEX). According to Reuters, sources familiar with the matter have disclosed that Petrobras, which initially forecasted investments of approximately $21 billion for 2025, might now scale back to around $17 billion. This adjustment raises critical questions about the future of B ...

Petrobras (PBR) has achieved remarkable milestones in the company's refining operations, significantly improving the utilization of its refineries and reaching unprecedented production levels in the third quarter of 2024. These advancements highlight the company's commitment to operational excellence, driven by ongoing investments and strategic initiatives aimed at modernizing its refining capabilities. Refinery Utilization Rates Soar Petrobras' refineries recorded an exceptional total utilization rate of 9 ...

Petrobras (PBR) closed the most recent trading day at $14.64, moving -1.81% from the previous trading session. This change lagged the S&P 500's daily gain of 0.71%. On the other hand, the Dow registered a gain of 1.03%, and the technology-centric Nasdaq increased by 0.6%. Shares of the oil and gas company witnessed a gain of 3.33% over the previous month, beating the performance of the Oils-Energy sector with its loss of 3.93% and underperforming the S&P 500's gain of 6.41%. Market participants will be clos ...

Brazil's state-owned energy company, Petrobras S.A. (PBR) , has announced that the gas potential in the Guajira Basin, offshore Colombia, is around 6 trillion cubic feet, confirming that these findings at the newly renamed Sirius-1 and Sirius-2 wells may double Colombia's gas reserves. Overview of the PBR and EC's Project PBR, the operator of the wells, holds a 44.44% stake in the consortium through its Colombian division Petrobras International Braspetro B.V. with Colombia'sstate-owned energy giant, Ecopet ...

Petrobras (PBR) , an oil and gas company of Brazil, is close to reaching an agreement with Brazil's regulators that will enable the company to start redeveloping the large Tupi oil field, a significant asset in the country's energy landscape. This redevelopment initiative is expected to not only boost Petrobras' production capabilities but also reinvigorate Brazil's oil output, which has faced stagnation in recent years. Resolving the Tax Dispute: A Critical Step One of the most pressing issues for Petrobra ...

Petrobras (PBR) , the state-controlled oil company of Brazil, recently made significant advancements in its exploration strategy by gaining board approval to pursue entry into the Deep Western Orange Basin ("DWOB") block in South Africa. This important decision marks a noteworthy expansion in PBR's international operations, highlighting its commitment to diversifying the company's exploration portfolio and boosting its presence in the competitive global energy landscape. Strategic Acquisition in the DWOB Bl ...

The most recent trading session ended with Petrobras (PBR) standing at $14.95, reflecting a +1.15% shift from the previouse trading day's closing. The stock outperformed the S&P 500, which registered a daily gain of 0.01%. Meanwhile, the Dow gained 0.09%, and the Nasdaq, a tech-heavy index, added 0.08%. Prior to today's trading, shares of the oil and gas company had lost 0.81% over the past month. This has lagged the Oils-Energy sector's gain of 0.28% and the S&P 500's gain of 1.21% in that time. The upcomi ...