PBR Stock Summary and Trading Ideas (Petrobras Brasileiro | NYSE:PBR)

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.

Petrobras Brasileiro trades on the NYSE stock market under the symbol PBR.

As of November 4, 2024, PBR stock price climbed to $13.18 with 14,296,578 million shares trading.

PBR has a beta of 0.29, meaning it tends to be less sensitive to market movements. PBR has a correlation of 0.01 to the broad based SPY ETF.

PBR has a market cap of $84.98 billion. This is considered a Large Cap stock.

Last quarter Petrobras Brasileiro reported $23 billion in Revenue and -$.06 earnings per share. This beat revenue expectation by $147 million and missed earnings estimates by -$.52.

In the last 3 years, PBR traded as high as $17.91 and as low as $8.88.

The top ETF exchange traded funds that PBR belongs to (by Net Assets): ILF, SPEM, AVEM, IXC, GNR.

PBR has underperformed the market in the last year with a price return of -7.5% while the SPY ETF gained +36.5%. PBR has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -4.6% and -6.9%, respectively, while the SPY returned +5.3% and -2.5%, respectively.

PBR support price is $12.93 and resistance is $13.29 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PBR shares will trade within this expected range on the day.