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

Petrobras is a Brazil-based integrated energy company controlled by the Brazilian government. The company focuses on exploration and production for oil and gas in Brazilian offshore fields. Production in 2022 was 2.7 million barrels of oil equivalent a day (80% oil production), and reserves stood at 10.5 billion boe (85% oil). At year-end 2022, Petrobras operated 11 refineries in Brazil with capacity of 1.9 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.A.

As of December 13, 2024, PBR.A stock price declined to $12.60 with 4,475,156 million shares trading.

PBR.A has a beta of 0.40, meaning it tends to be less sensitive to market movements. PBR.A has a correlation of 0.03 to the broad based SPY ETF.

PBR.A has a market cap of $82.18 billion. This is considered a Large Cap stock.

In the last 3 years, PBR.A traded as high as $17.32 and as low as $7.86.

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

PBR.A has underperformed the market in the last year with a price return of -10.1% while the SPY ETF gained +29.9%. PBR.A has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -4.5% and -3.4%, respectively, while the SPY returned +7.8% and +0.3%, respectively.

PBR.A support price is $12.48 and resistance is $12.95 (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.A shares will trade within this expected range on the day.