Seeking Alpha News (Tue, 14-May 10:36 AM ET)
Petrobras slides after curbing shareholder payouts more than expected
Seeking Alpha News (Tue, 14-May 7:57 AM ET)
Petrobras: Hold Rating Justified by Mixed Financials and Competitive Concerns
TipRanks (Tue, 14-May 5:15 AM ET)
Options Volatility and Implied Earnings Moves Today, May 13, 2024
TipRanks (Mon, 13-May 7:05 AM ET)
Options Volatility and Implied Earnings Moves This Week, May 13 – May 16, 2024
TipRanks (Mon, 13-May 7:00 AM ET)
Notable earnings after Monday's close
Seeking Alpha News (Sun, 12-May 5:35 PM ET)
Seeking Alpha News (Fri, 10-May 3:00 PM ET)
Petrobras told to assess Amazon offshore drilling's impact on indigenous groups
Seeking Alpha News (Thu, 9-May 7:46 AM ET)
How this PBR Bull Put Spread Could Make 85% in 11 Days
Market Chameleon (Thu, 25-Apr 4:00 PM ET)
SLB Awarded Three Completion Contracts for Petrobras' Buzios Field
Business Wire (Mon, 15-Apr 9:00 AM ET)
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 May 14, 2024, PBR stock price declined to $16.82 with 10,055,112 million shares trading.
PBR has a beta of 0.27, 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 $108.57 billion. This is considered a Large Cap stock.
Last quarter Petrobras Brasileiro reported $27 billion in Revenue and $.96 earnings per share. This beat revenue expectation by $167 million and missed earnings estimates by -$.15.
In the last 3 years, PBR stock 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, IXC, SPEM, AVEM, GNR.
PBR has outperformed the market in the last year with a return of +57.5%, while the SPY ETF gained +28.2%. However, in the most recent history, PBR shares have underperformed the stock market with its stock returning +2.4% in the last 3 month period and -1.0% for the last 2 week period, while SPY has returned +5.7% and +2.1%, respectively.
PBR support price is $16.70 and resistance is $17.38 (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 stock will trade within this expected range on the day.