PBR-A - Petroleo Brasileiro S.A. - Petrobras

NYSE - NYSE Delayed Price. Currency in USD
8.22
+0.61 (+8.02%)
At close: 4:00PM EDT

8.22 0.00 (0.00%)
After hours: 4:54PM EDT

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Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close7.61
Open7.88
Bid8.17 x 46000
Ask11.87 x 40700
Day's Range7.79 - 8.22
52 Week Range4.16 - 15.67
Volume7,330,528
Avg. Volume11,880,728
Market Cap54.809B
Beta (5Y Monthly)2.05
PE Ratio (TTM)11.20
EPS (TTM)0.73
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateApr 28, 2020
1y Target Est12.68
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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    Petroleo Brasileiro S.A. - PETROBRAS -- Moody's assigns Ba2 rating to Petrobras Global Finance's proposed notes

    Moody's Investors Service (Moody's) assigned a Ba2 rating to Petrobras Global Finance B.V.'s proposed new global notes, which will be unconditionally guaranteed by Petroleo Brasileiro S.A. - PETROBRAS (Petrobras, Ba2 stable). The Ba2 rating on the proposed notes is based on the rating of Petrobras.

  • Oilprice.com

    Petrobras Oil Stockpiles Are “Paradoxically” Low

    Roberto Castello Blanco said at an event yesterday that Petrobras’s oil stockpiles are “paradoxically” very low, despite the brimming storage levels in other countries

  • Reuters

    External funding to Brazil beginning to normalize- presentation

    Brazil's Central Bank monetary policy director Bruno Serra said on Thursday that external funding to the country is beginning to normalize, one day after state-controlled oil company Petroleo Brasileiro SA sold $3.25 billion in bonds. Serra, in a presentation released on Thursday, said central bank intervention on forex worked well and said the goal has always been to assure normal functioning of markets. Serra added that voluntary deposits at the central bank may be used to help monetary policy in the future.

  • Moody's

    Petrobras Global Finance B.V. -- Moody's assigns Ba2 rating to Petrobras Global Finance's proposed notes

    Moody's Investors Service (Moody's) assigned a Ba2 rating to Petrobras Global Finance B.V.'s proposed new global notes, which will be unconditionally guaranteed by Petroleo Brasileiro S.A. - PETROBRAS (Petrobras, Ba2 stable). The Ba2 rating on the proposed notes is based on the rating of Petrobras.

  • Why Brazilian Stocks Jumped Today Before Giving Back Some Gains
    Motley Fool

    Why Brazilian Stocks Jumped Today Before Giving Back Some Gains

    Brazil's investors were ebullient today. Shares of Brazilian stocks of all sorts shot out of the gate Tuesday morning along with the broader market, with financial firms Banco Bradesco (NYSE: BBD) and Itau Unibanco (NYSE: ITUB), meat processor BRF (NYSE: BRFS), and oil major Petroleo Brasileiro (NYSE: PBR) (NYSE: PBR.A) all notching gains of roughly 10% or more in early trading.

  • Brazil sugar production up 55% in May; ethanol sales recover
    Reuters

    Brazil sugar production up 55% in May; ethanol sales recover

    Brazil's centre-south region produced 2.5 million tonnes of sugar in the first half of May, up 55% from a year earlier, as mills continued to favor sweetener production over ethanol. According to industry group Unica, mills allocated 47.2% of the cane to sugar production in the period, versus 36% a year earlier. Unica's technical director Antonio de Padua Rodrigues said ethanol has been priced competitively in the market, which has allowed the biofuel to gain share from gasoline at pumps.

  • Exclusive: Coronavirus spreads in Brazil's oilfields, as 6 offshore operators register cases
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    Exclusive: Coronavirus spreads in Brazil's oilfields, as 6 offshore operators register cases

    Norway's Equinor ASA, Brazil's Dommo Energia SA and Anglo-French firm Perenco are among at least six oil producers that have registered coronavirus cases among employees or contractors at facilities off the coast of Brazil, according to industry and regulatory sources. Royal Dutch Shell PLC and Brazil's Enauta Participacoes SA have registered one case each. Hundreds of cases have been recorded at oilfields operated by state-run Petrobras.

  • Exclusive: Coronavirus spreads in Brazil's oilfields, as six offshore operators register cases
    Reuters

    Exclusive: Coronavirus spreads in Brazil's oilfields, as six offshore operators register cases

    Norway's Equinor ASA <EQNR.OL>, Brazil's Dommo Energia SA <DMMO3.SA> and Anglo-French firm Perenco are among at least six oil producers that have registered coronavirus cases among employees or contractors at facilities off the coast of Brazil, according to industry and regulatory sources. Royal Dutch Shell PLC <RDSa.L> and Brazil's Enauta Participacoes SA <ENAT3.SA> have registered one case each.

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    Covid-19 Crisis Could Crush Brazil’s Oil Boom

    COVID-19 cases are skyrocketing in Brazil, and the country’s oil industry is getting pummelled as a result

  • Reuters

    EMERGING MARKETS-Rise in commodity prices lift Latam assets as recovery hopes grow

    * Mexican peso hits highest since mid-April * Colombian peso at 10-week high, Chilean peso hits 11-week high * Stocks rally on hopes of strong first half in 2021 * Negotiators with creditors may extend beyond May 22 - Argentina (Adds comments, updates prices) By Shreyashi Sanyal and Susan Mathew May 20 (Reuters) - Latin American stocks and currencies were lifted by a rise in commodity prices on Wednesday, with the Mexican peso hitting a five-week high, as markets looked to a strong post-pandemic recovery. Brazilian airline Azul shot up 13% on plans to increase daily flights by 46% in June compared with May. Other major gainers were oil giant Petrobras and iron ore miner Vale.

  • Reuters

    EMERGING MARKETS-Most Latam FX, stocks rally on hopes of strong recovery

    * Mexican peso hits highest since mid-April * Colombian peso at 10-week high, Chilean peso hits 11-week high * Stocks rally on hopes of strong first half in 2021 * Negotiators with creditors may extend beyond May 22 - Argentina By Susan Mathew May 20 (Reuters) - A rally in commodity prices lifted Latin American stocks and currencies on Wednesday, with Mexico's peso hitting a five-week high, as markets looked to a strong post-pandemic recovery. In line with a rally on Wall Street, most regional bourses traded between 0.% and 1.7% higher, although Mexican stocks extended losses after posting their worst session in almost two months on Tuesday as new rules for the electricity sector increased tensions between the private sector and government.

  • Petroleo Brasileiro S.A.- Petrobras (PBR) Q1 2020 Earnings Call Transcript
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    Petroleo Brasileiro S.A.- Petrobras (PBR) Q1 2020 Earnings Call Transcript

    Today with us is Roberto Castello Branco [Technical Issue] Andre Barreto Chiarini, Chief Logistics Officer, Carlos Alberto Pereira de Oliveira, Chief Exploration and Production Officer; [Technical Issue] Chief Digital Transformation and Innovation Officer; Roberto Ardenghy, Chief Institutional Relations Officer; Rudimar Lorenzatto, Chief Production Development Officer, as well as other company's executives. The presentation will be available on our website.

  • The Oil Bulls Are Back
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    Some positive news about a possible COVID-19 vaccine as well as signs of the market tightening has caused oil to rally above $30

  • Oil & Gas Stock Roundup: Enbridge, Petrobras & TC Energy Report Q1 Earnings
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    Oil & Gas Stock Roundup: Enbridge, Petrobras & TC Energy Report Q1 Earnings

    North American midstream companies Enbridge (ENB) and TC Energy (TRP) reported better-than-expected Q1 bottom line numbers, while Brazil's Petrobras (PBR) missed earnings estimate.

  • Baron Funds Buys Schrodinger, Sells Petrobras
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  • Reuters

    EMERGING MARKETS-Latam assets surge as commodity prices rally

    * Brazilian real leads gains among Latam peers * Mexican peso hits more than four-week high * Argentine peso touches fresh low against dollar (Adds comments, updates prices) By Shreyashi Sanyal and Susan Mathew May 18 (Reuters) - Latin American assets roared higher on Monday, with Brazil's real jumping as commodity prices surged on hopes of economic recovery as countries eased pandemic-induced lockdowns. Encouraging data from a COVID-19 vaccine trial by U.S. drugmaker Moderna added to the optimism, bolstering Wall Street's rally. Brazil's real added 2.2%, while currencies of other oil exporters Mexico and Colombia firmed between 1% and 1.7%, with the Mexican peso touching a more than four-week high.

  • Reuters

    EMERGING MARKETS-Latam stocks, FX surge as commodity prices rally

    Encouraging data from a COVID-19 vaccine trial by U.S. drugmaker Moderna added to the optimism, bolstering Wall Street's rally. Despite worrying rises in the number of new cases in emerging markets, especially Brazil, and simmering U.S.-China trade tensions, an index of Latam stocks jumped 4.3%. Currencies of oil exporters Brazil, Mexico and Colombia firmed between 1.3% and 1.5%, with the Mexican peso touching a more than four-week high.

  • Petrobras (PBR) Q1 Earnings Miss Even as Lifting Costs Drop
    Zacks

    Petrobras (PBR) Q1 Earnings Miss Even as Lifting Costs Drop

    Petrobras (PBR) generated positive free cash flow for the 20th consecutive quarter, with the metric surging to $5,911 million from $3,132 million recorded in last year's corresponding period.

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  • Oilprice.com

    Petrobras Expects Permanent Damage To Oil Demand As It Writes Off Billion

    Petrobras has warned its shareholders that the coronavirus pandemic could leave a permanent mark on the global economy, including on consumer behaviors, as it reported a first-quarter loss and massive writeoffs on assets that have stopped being economical

  • Brazil's Petrobras warns economy has changed forever as it books massive impairment
    Reuters

    Brazil's Petrobras warns economy has changed forever as it books massive impairment

    Brazil's Petrobras took a 65.3 billion real ($11.2 billion) impairment on its exploration and production assets on Thursday, warning investors that changes in consumer behavior resulting from the coronavirus pandemic would likely be permanent. The impairment led Petroleo Brasileiro SA, as the firm is formally known, to book a first-quarter net loss of 48.5 billion reais. Total impairments came to 57.6 billion reais for its deepwater assets, including the massive Marlim Sul oilfield, and 6.6 billion reais at its shallow-water fields.

  • Bloomberg

    Petrobras Posts $11 Billion Impairment on Lower Oil Outlook

    (Bloomberg) -- Petrobras, the Brazilian sate-controlled oil producer, posted a 65 billion-real ($11 billion) impairment in the first quarter after revising down its outlook for crude prices.Even without the impairment, Petrobras reported a loss in the quarter on lower oil prices and the devaluation of Brazil’s real, the worst-performing major currency this year.Petrobras’ Ebitda, which excludes the devaluation, was ahead of expectations at 37.50 billion reais.While low oil prices have battered the entire industry, Petrobras has benefited from rebounding oil demand in China that helped bring total exports to a record in April. Since then, there are signs Petrobras is getting better prices for its crude from Chinese refiners as OPEC production cuts offer support.Petrobras said its divestment program remains intact, even though it may be delayed. It said it expects to close some refinery sales before the end of the year.A 3.8% drop in production in the quarter was from the least profitable fields, and output has rebounded in April.For more, click hereFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Petrobras Faces Virus Outbreak in Offshore Oil Platforms
    Bloomberg

    Petrobras Faces Virus Outbreak in Offshore Oil Platforms

    (Bloomberg) -- Petrobras, the Brazilian producer tapping some of the largest offshore oil finds this century, is confronting a Covid-19 outbreak in exploration platforms as the pandemic gains speed in the country.At the Xareu exploration project off the coast of Ceara, 42 out of 45 employees at two platforms tested positive and were transferred to a hotel to stay in isolation, the FUP federation of oil-worker unions said on its website Tuesday. Petrobras didn’t immediately respond to a request for comment on Xareu.The Rio de Janeiro-based state-controlled producer has the world’s largest fleet of deep-water production tankers, where workers operate in close conditions, similar to cruise ships that suffered outbreaks at the beginning of the pandemic. Brazil, which has the most cases in Latin America, has also suffered outbreaks at meat-packing and poultry facilities.Also see: In Gulf’s Oil Rigs, Crews Fight Virus to Keep Crude FlowingThe company has implemented fast testing before dispatching offshore oil workers. On Tuesday it said it has carried out more than 8,000 Covid-19 tests to date among staff and contractors, and was one of the first Brazilian companies to carry out testing on a large scale.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.