Petroleo Brasileiro S.A. Petrobras ADR (PBR)’s latest performance is not what we had anticipated

A new trading day began on November 20, 2023, with Petroleo Brasileiro S.A. Petrobras ADR (NYSE: PBR) stock priced at $16.20, up 0.37% from the previous day of trading. During the day, the shares moved up to $16.38 and dropped to $15.89 before settling in for the closing price of $16.04. PBR’s price has ranged from $8.61 to $16.55 over the past 52 weeks.

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It was noted that within the last five years, the titan of the Energy sector saw sales topped by 12.41%. Meanwhile, its annual earnings per share averaged -33.43%. With a float of $3.72 billion, this company’s outstanding shares have now reached $3.72 billion.

The extent of productivity of a business whose workforce counts for 45149 workers is very important to gauge. In terms of profitability, gross margin is +50.25, operating margin of +43.25, and the pretax margin is +42.68.

Petroleo Brasileiro S.A. Petrobras ADR (PBR) Insider Updates

As we move forward, let’s examine how large-scale investors are investing in this stock of the Oil & Gas Integrated Industry. The insider ownership of Petroleo Brasileiro S.A. Petrobras ADR is 0.00%, while institutional ownership is 21.31%.

Petroleo Brasileiro S.A. Petrobras ADR (PBR) Performance Highlights and Predictions

In its latest quarterly report, released on 9/29/2023, the company reported earnings of $0.86 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of +29.37 while generating a return on equity of 50.23. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.82 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -33.43% per share during the next fiscal year.

Petroleo Brasileiro S.A. Petrobras ADR (NYSE: PBR) Trading Performance Indicators

Here are Petroleo Brasileiro S.A. Petrobras ADR’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.70. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.57. Likewise, its price to free cash flow for the trailing twelve months is 1.96.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.12, a number that is poised to hit 0.95 in the next quarter and is forecasted to reach 3.47 in one year’s time.

Technical Analysis of Petroleo Brasileiro S.A. Petrobras ADR (PBR)

The latest stats from [Petroleo Brasileiro S.A. Petrobras ADR, PBR] show that its last 5-days average volume of 19.32 million was inferior to 21.16 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 75.54%. Additionally, its Average True Range was 0.45.

During the past 100 days, Petroleo Brasileiro S.A. Petrobras ADR’s (PBR) raw stochastic average was set at 87.38%, which indicates a significant increase from 81.70% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 27.03% in the past 14 days, which was lower than the 33.23% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $15.26, while its 200-day Moving Average is $13.13. Now, the first resistance to watch is $16.36. This is followed by the second major resistance level at $16.61. The third major resistance level sits at $16.85. If the price goes on to break the first support level at $15.87, it is likely to go to the next support level at $15.63. Assuming the price breaks the second support level, the third support level stands at $15.38.

Petroleo Brasileiro S.A. Petrobras ADR (NYSE: PBR) Key Stats

With a market capitalization of 59.91 billion, the company has a total of 6,522,101K Shares Outstanding. Currently, annual sales are 124,474 M while annual income is 36,623 M. The company’s previous quarter sales were 25,552 M while its latest quarter income was 5,456 M.


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