Petroleo Brasileiro S.A., or Petrobras (PBR) is set to release second-quarter 2024 results on Aug 8. The current Zacks Consensus Estimate for the to-be-reported quarter is a profit of 55 cents per share on revenues of $24.2 billion. Let's delve into the factors that might have influenced Brazil's state-run energy giant's results in the June quarter. But it's worth taking a look at PBR's previous-quarter performance first. Highlights of Q1 Earnings & Surprise History In the last reported quarter, the Rio de ...

The investment community will be closely monitoring the performance of Petrobras in its forthcoming earnings report. The company is scheduled to release its earnings on August 8, 2024. In that report, analysts expect Petrobras to post earnings of $0.65 per share. This would mark a year-over-year decline of 27.78%. Alongside, our most recent consensus estimate is anticipating revenue of $24.05 billion, indicating a 4.65% upward movement from the same quarter last year. The Zacks Rank system, which varies bet ...

dabldy/iStock Editorial via Getty Images Petrobras (NYSE:PBR) is by far one of the cheapest oil companies today. Not only that, but the fundamental indicators are also very good, with high operational efficiency, good margins and cash generation, and consequently, high dividends, which, when added to positive operational prospects for unlocking more value and more production, make PBR stock very appealing to most investors. The problem is that there is always political uncertainty hanging over Petrobras, si ...

The Oil and Gas - Integrated - Emerging Markets industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 221, putting it in the bottom 13% of all 250+ industries. In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $3.43 per share and a revenue of $97.77 billion, indicating changes of -17.94% and -4.53%, respectively, from the former year. Prior to today's trading, shares of the oil and gas company had gained 2.86% over the past month. This has ou ...

Petrobras (PBR) closed the most recent trading day at $15.19, moving +0.33% from the previous trading session. The stock's performance was ahead of the S&P 500's daily loss of 0.88%. At the same time, the Dow added 0.08%, and the tech-heavy Nasdaq lost 1.95%. Analysts and investors alike will be keeping a close eye on the performance of Petrobras in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.86, marking a 4.44% fall compared to the same quarter of the previ ...

Petrobras (PBR) , the largest integrated energy company in Brazil, is eyeing an expansion of its investments in Bolivia's natural gas sector. According to Magda Chambriard, CEO of Petrobras, this ambitious plan hinges on Bolivia's ability to increase its gas exports to Brazil at competitive prices to meet the growing domestic demand from industry. Historical Context Chambriard has outlined ambitious plans for increasing Bolivian gas production. PBR aims to grow its Bolivian gas output from 9 million cmd to ...

Petrobras (PBR) , Brazil's state-controlled oil company, has announced a significant increase in domestic gasoline prices for the first time in 11 months. As crude prices surge and the value of the nation's currency depreciates, the company is taking measures to adjust its pricing strategy. This move, effective immediately, will see gasoline prices for distributors rise by 7.1%, reaching 3.01 reals (55 cents) per liter. In addition, the prices for liquefied petroleum gas ("LPG") used for cooking and heating ...

This recurring postponement reflects PBR's ongoing challenges in garnering sufficient interest from floater companies for its bidding opportunities. The Barracuda-Caratinga field, located in Brazil's prolific Campos Basin, is a significant asset for PBR. The field has been a major contributor to the country's oil production and its revitalization is crucial for maintaining output levels. However, attracting bidders for the FPSO tender has proven difficult, which has led to multiple delays in the submission ...

The most recent trading session ended with Petrobras (PBR) standing at $14.21, reflecting a -0.63% shift from the previouse trading day's closing. This change lagged the S&P 500's daily gain of 0.16%. On the other hand, the Dow registered a gain of 0.04%, and the technology-centric Nasdaq increased by 0.49%. The investment community will be closely monitoring the performance of Petrobras in its forthcoming earnings report. The company is forecasted to report an EPS of $0.86, showcasing a 4.44% downward move ...

FabioIm Petrobras: Fears Returned As Lula Intervenes Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) investors have endured a series of significant market volatility as Brazil's leading integrated oil company underwent top management changes. As a reminder, ex-CEO Jean Paul Prates and his CFO were dismissed after Petrobras's Q1 earnings release. Consequently, PBR fell into a bear market after topping in early May 2024. Investors are justified in feeling concerned about government interference by the Lula ad ...