Petrobras
PBR
Market cap $84.5B

13.11 USD

+0.08

0.61%

Updated Dec 26, 1:13 PM EST

1 day

0.61%

5 days

-0.08%

1 month

-10.63%

3 months

-9.96%

6 months

-7.74%

Year to date

-18.06%

1 year

-19.02%

5 years

-18.72%

10 years

77.40%

About: Petrobras is a Brazil-based integrated energy company controlled by the Brazilian government. The company focuses on exploration and production of oil and gas in Brazilian offshore fields. Production in 2023 was 2.8 million barrels of oil equivalent a day (80% oil production), and reserves stood at 10.9 billion boe (85% oil). At end-2023, Petrobras operated 10 refineries in Brazil with capacity of 1.8 million barrels a day and distributes refined products and natural gas throughout Brazil.

Employees: 40,213

0

Funds holding %

of 6,809 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

7% more repeat investments, than reductions

Existing positions increased: 168 | Existing positions reduced: 157

0.03% more ownership

Funds ownership: 9.26% [Q2] → 9.3% (+0.03%) [Q3]

0% less funds holding

Funds holding: 480 [Q2] → 479 (-1) [Q3]

2% less first-time investments, than exits

New positions opened: 65 | Existing positions closed: 66

3% less capital invested

Capital invested by funds: $9.99B [Q2] → $9.69B (-$298M) [Q3]

17% less funds holding in top 10

Funds holding in top 10: 12 [Q2] → 10 (-2) [Q3]

40% less call options, than puts

Call options by funds: $490M | Put options by funds: $821M

See Fund Rankings

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

Low target

$17

30%

upside

Avg. target

$17

30%

upside

High target

$17

30%

upside

1 analyst rating

1 positive

100%

0 neutral

0%

0 negative

0%

Goldman Sachs

Bruno Amorim

22% 1-year accuracy

2 / 9 met price target

30%upside

$17

Buy

Maintained

12 Nov 2024

See Analyst Rankings

Financial journalist opinion

Based on 22 articles about PBR published over the past 30 days

Zacks Investment Research

Petrobras Terminates $35M Brava Deal for Santos Basin Fields

PBR retains ownership of Santos Basin Fields, Urugua and Tambau after the deal with Brava Energia falls apart.

Petrobras Terminates $35M Brava Deal for Santos Basin Fields

Zacks Investment Research

Petrobras and CSN to Build Low-Carbon Hydrogen Plant in Brazil

PBR and CSN aim to decarbonize their operations and reduce emissions by building the new low-carbon hydrogen plant in Parana, Brazil.

Petrobras and CSN to Build Low-Carbon Hydrogen Plant in Brazil

Petrobras Stock Is Now Too Undervalued (Rating Upgrade)

I'm upgrading Petrobras (PBR) (PBR.A) to "Buy" due to its undervaluation amid strong production levels and disciplined financial control despite macro and idiosyncratic risks. Brazil's tight monetary policy and fiscal concerns, along with lower refining margins, have pressured PBR's stock, but its fundamentals remain strong. Petrobras' increasing production, high utilization rates, and healthy balance sheet support its ability to maintain high dividends and execute its $111 billion investment plan.

Petrobras Stock Is Now Too Undervalued (Rating Upgrade)

Zacks Investment Research

Petrobras & Constellation Team Up for Offshore Drilling Work in Brazil

PBR partners with Constellation for a $528 million deal to deploy the Amaralina Star drillship offshore Brazil, enhancing operations in key oil fields.

Petrobras & Constellation Team Up for Offshore Drilling Work in Brazil

Zacks Investment Research

PBR Awards $2.8B Contracts for 12 New PSVs to Bram Offshore & Starnav

Petrobras invests $2.8 billion in 12 new platform supply vessels, focusing on hybrid technology, local jobs and eco-friendly operations.

PBR Awards $2.8B Contracts for 12 New PSVs to Bram Offshore & Starnav

Petrobras: Massive Dividends And No Lula Problems

Petrobras is a highly profitable oil company with attractive growth projects and a very high dividend yield, making it a compelling investment. The company's new 5-year plan includes $111 billion in investments, expected to generate significant free cash flows and maintain high dividend payouts. Political risks from Brazil's President Lula exist but are not dramatic, with no significant negative impact on Petrobras so far.

Petrobras: Massive Dividends And No Lula Problems

Zacks Investment Research

Petrobras Awards Major Offshore Contract to SLB Worth $800 Million

SLB mentions that the offshore contract is part of PBR's broader strategy to revive its already productive fields. The contract is expected to begin in April 2025.

Petrobras Awards Major Offshore Contract to SLB Worth $800 Million

Expro Partners With Petrobras for Development of New Flowmeter Technology

HOUSTON--(BUSINESS WIRE)--Expro partners with Petrobras for development of new flowmeter technology.

Expro Partners With Petrobras for Development of New Flowmeter Technology

SLB Awarded Integrated Services Contract for All Petrobras' Offshore Fields in Brazil

HOUSTON--(BUSINESS WIRE)--Global energy technology company SLB (NYSE: SLB) today announced that it has been awarded, after a competitive tender, a new contract by Petrobras (NYSE: PBR) for integrated services across all offshore fields operated by Petrobras in Brazil. SLB will oversee the construction of more than 100 deepwater wells, utilizing advanced drilling, cementing and drilling fluids technologies on up to nine ultra-deepwater rigs. The services will primarily be provided in the Campos,.

SLB Awarded Integrated Services Contract for All Petrobras' Offshore Fields in Brazil

Zacks Investment Research

Petrobras Cuts $1.1B in Spending on Platform Decommissioning Plans

PBR cuts $1.1 billion from the decommissioning budget of its platforms for 2025-2029, signaling a shift toward platform revitalization.

Petrobras Cuts $1.1B in Spending on Platform Decommissioning Plans

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