Equities analysts predict that PETROLEO BRASIL/ADR (NYSE:PBR) will report $24.13 billion in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for PETROLEO BRASIL/ADR’s earnings. The highest sales estimate is $25.74 billion and the lowest is $22.52 billion. PETROLEO BRASIL/ADR posted sales of $23.41 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 3.1%. The business is expected to announce its next quarterly earnings report on Friday, August 2nd.
On average, analysts expect that PETROLEO BRASIL/ADR will report full year sales of $93.55 billion for the current fiscal year, with estimates ranging from $89.81 billion to $97.88 billion. For the next year, analysts expect that the company will post sales of $107.99 billion, with estimates ranging from $90.07 billion to $124.38 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover PETROLEO BRASIL/ADR.
PETROLEO BRASIL/ADR (NYSE:PBR) last posted its quarterly earnings results on Thursday, May 2nd. The oil and gas exploration company reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.06). PETROLEO BRASIL/ADR had a net margin of 6.50% and a return on equity of 10.35%. The business had revenue of $21.23 billion during the quarter, compared to analyst estimates of $21.65 billion.
A number of research firms have weighed in on PBR. ValuEngine upgraded PETROLEO BRASIL/ADR from a “hold” rating to a “buy” rating in a research note on Friday, June 7th. Zacks Investment Research upgraded PETROLEO BRASIL/ADR from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 7th. Credit Suisse Group upgraded PETROLEO BRASIL/ADR from a “neutral” rating to an “outperform” rating and raised their price target for the company from $15.00 to $21.00 in a research note on Monday, April 8th. Finally, HSBC upgraded PETROLEO BRASIL/ADR from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $18.50.
PETROLEO BRASIL/ADR stock traded down $0.07 during midday trading on Friday, reaching $15.40. The company’s stock had a trading volume of 11,567,101 shares, compared to its average volume of 16,612,914. PETROLEO BRASIL/ADR has a fifty-two week low of $9.02 and a fifty-two week high of $17.90. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.15 and a quick ratio of 0.86. The stock has a market cap of $99.98 billion, a PE ratio of 10.77 and a beta of 1.51.
The company also recently disclosed a special dividend, which will be paid on Monday, July 15th. Shareholders of record on Thursday, May 23rd will be issued a dividend of $0.0509 per share. This is a positive change from PETROLEO BRASIL/ADR’s previous special dividend of $0.03. The ex-dividend date is Wednesday, May 22nd. PETROLEO BRASIL/ADR’s dividend payout ratio (DPR) is presently 10.49%.
Several hedge funds have recently modified their holdings of PBR. Lindbrook Capital LLC grew its holdings in shares of PETROLEO BRASIL/ADR by 72.2% during the first quarter. Lindbrook Capital LLC now owns 1,691 shares of the oil and gas exploration company’s stock worth $26,000 after purchasing an additional 709 shares during the last quarter. Larson Financial Group LLC purchased a new position in shares of PETROLEO BRASIL/ADR during the fourth quarter worth about $76,000. Advisory Services Network LLC grew its holdings in shares of PETROLEO BRASIL/ADR by 190.4% during the first quarter. Advisory Services Network LLC now owns 4,951 shares of the oil and gas exploration company’s stock worth $79,000 after purchasing an additional 3,246 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co purchased a new position in shares of PETROLEO BRASIL/ADR during the first quarter worth about $159,000. Finally, OLD National Bancorp IN purchased a new position in shares of PETROLEO BRASIL/ADR during the first quarter worth about $167,000. 7.24% of the stock is currently owned by institutional investors.
About PETROLEO BRASIL/ADR
Petróleo Brasileiro SA – Petrobras operates in the oil, natural gas, and energy industries in Brazil and internationally. It engages in prospecting, drilling, refining, processing, trading, and transporting crude oil from producing onshore and offshore oil fields and shale or other rocks, as well as oil products, natural gas, and other liquid hydrocarbons.
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