Petrobras: Focus On The Rich Yields & Discounted Valuations - Volatility Is Inevitable

nattul/iStock via Getty Images We previously covered Petrobras (NYSE:PBR) in May 2024, discussing why we had reiterated our Buy rating despite the volatility observed in its stock prices, the dramatically ousted CEO, and the FQ1'24 dividend payout miss. Thanks to its inherent undervaluation and rich forward dividend yields, we believed that the risk/ reward ratio remained highly attractive despite the moderate volatility. Since then, PBR has already offered a total return of +6.6% (including dividends), out ...