PBR - Petroleo Brasileiro S.A. - Petrobras
| Previous Close | 15.22 |
| Open | 15.37 |
| Bid | 15.45 x 1000 |
| Ask | 15.52 x 47300 |
| Day's Range | 15.35 - 15.59 |
| 52 Week Range | 11.89 - 17.90 |
| Volume | 11,693,750 |
| Avg. Volume | 16,128,400 |
| Market Cap | 98.981B |
| Beta (3Y Monthly) | 1.97 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.28 (1.83%) |
| Ex-Dividend Date | 2019-11-12 |
| 1y Target Est | 19.87 |
- Investor's Business Daily
Petrobras Sees IBD RS Rating Rise To 71
A Relative Strength Rating upgrade for Petrobras shows improving technical performance. Will it continue?
- Reuters
CEO of Brazil's Petrobras objects to delay in Braskem sale
The chief executive of Brazilian state-run oil firm Petroleo Brasileiro SA said on Friday he wants to sell the company's stake in petrochemical company Braskem SA within 12 months, adding that he strongly disagreed with reported plans to delay the sale. On Monday, Reuters reported that creditors of corruption-ensnared construction conglomerate Odebrecht SA, which also has a large stake in Braskem, were in advanced talks to delay a sale for up to two years. "To me, it means they do not want to sell anything," CEO Roberto Castello Branco said during a meeting with investors in London.
- Reuters
EMERGING MARKETS-Latam FX firm; Petrobras rally takes Bovespa to new highs
* Petrobras rises 2%, says may divest billions more than forecast * Chile stocks, peso rise; central bank holds benchmark rate * Argentine c. Stocks took support from lingering optimism over the Sino-U.S. trade war, after a Bloomberg report as well as positive comments from U.S. President Donald Trump brewed some hope over a "phase-one" trade deal. Regional markets have also been propped up by some positive economic readings this week, with better-than-expected GDP data from Brazil, Latin America's largest economy, being the most notable.
- Bloomberg
OPEC Membership Isn’t an Option for Brazil, Petrobras CEO Says
(Bloomberg) -- While Brazil’s President Jair Bolsonaro recently welcomed an informal invitation to join OPEC, the boss of the country’s state-controlled energy company isn’t a fan of the idea and said it’s not a possibility right now.“To be a member of OPEC, or not, is not an option that’s being considered by the Brazilian government,” Petrobras Chief Executive Officer Roberto Castello Branco said Wednesday in an interview in New York.“I am a free marketer,” he added. “I am against cartels. Brazil can do better.”He made the comments as the Organization of Petroleum Exporting Countries prepares to meet in Vienna Thursday to decide on whether to persist with supply curbs. A committee that oversees its deal with non-members including Russia recommended the wider group adopt a Saudi Arabian proposal and cut its output quota by 500,000 barrels a day, delegates said.Brazil joining OPEC isn’t a new proposition -- former President Luiz Inacio Lula da Silva once toyed with the idea. Petroleo Brasileiro SA, as the state oil company is also known, has previously come out against the notion, saying its obligation is to investors and debt holders, and that the government doesn’t have the power to determine production levels of private operators.Bolsonaro said in October he got the invitation after meeting with senior officials from Saudi Arabia including Crown Prince Mohammed Bin Salman. Brazil’s oil output is set to grow strongly in the next few years as more of its offshore reserves are drilled, giving the country increasing clout in the global market.To contact the reporter on this story: Simon Casey in New York at scasey4@bloomberg.netTo contact the editors responsible for this story: Simon Casey at scasey4@bloomberg.net, Pratish NarayananFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Rigzone.com
Petrobras Plans $34B in Dividends by 2024
Petrobras plans to pay its shareholders $34 billion in dividends over the next five years as it cuts debt and sells assets to shore up its finances.
- Reuters
CORRECTED-UPDATE 2-Brazil's Petrobras says it may divest billions more than forecast
NEW YORK/RIO DE JANEIRO, Dec 4 (Reuters) - Brazil's Petrobras could add several billion dollars of assets to its already ambitious five-year divestment plan, executives said on Wednesday, underlining the state-run oil company's rush to reduce its hefty debt load. In the company's 2020 to 2024 business plan released last week, Petroleo Brasileiro SA, as the company is formally known, said it would look to sell $20 billion to $30 billion of assets during that period, including eight refineries spread around Brazil. In a separate Wednesday presentation, released during Petrobras' New York Investors' Day, the company said it may add its Bolivian assets to the divestment program, as well as its stake in petrochemical firm Braskem SA, legacy deepwater oilfields and its remaining stake in fuel distribution firm, Petrobras Distribuidora SA, commonly known as BR Distribuidora.
- Zacks
Petrobras Unveils 5-Year Investment Plan for 2020-2024 Period
Petrobras' (PBR) new dividend policy to raise payouts for increasing its shareholders' funds.
- Insider Monkey
Is Petroleo Brasileiro S.A. – Petrobras (PBR) A Good Stock To Buy?
We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds' top 3 stock picks returned 41.7% this year and beat […]
- Zacks
Oil & Gas Stock Roundup: Valaris, Kosmos Energy in the News as Market Waits on OPEC
The U.S. crude benchmark finished sharply lower last week amid speculation that OPEC and its allies are deeply divided over Saudi Arabia's push for deeper production cuts.
- Reuters
Norway wealth fund removes Petrobras from its watchlist
Norway's $1 trillion sovereign wealth fund has removed Brazilian oil firm Petrobras from a watchlist of firms that could be dropped as investments due to ethical concerns, the central bank said on Tuesday. Petrobras was put under observation in 2016 over corruption risks. The fund's ethics watchdog, the Council on Ethics, believed the risk of corruption at Petrobras was now reduced, the central bank, which manages the fund, said.
- Zacks
Petrobras to Divest 30% Stake in Frade Field to PetroRio
Petrobras (PBR) is committed to investing in deepwater and ultra-deepwater assets, especially pre-salt, which is likely to generate maximum returns.
- Zacks
Top Analyst Reports for Procter & Gamble, Thermo Fisher & PayPal
Top Analyst Reports for Procter & Gamble, Thermo Fisher & PayPal
- Reuters
Exclusive: Brazil, China, UAE firms in second round of bids for Petrobras refineries - sources
Brazil's state-controlled oil company Petroleo Brasileiro SA has selected four groups for the second round of bidding for four refineries up for sale, including China's Sinopec, Abu Dhabi's state investor and two Brazilian firms, according to four people with knowledge of the matter. Sinopec, Abu Dhabi's Mubadala Investment Co and Brazil's Ultrapar Participações SA and Raizen were chosen to go through to the next phase, they said.
- Reuters
UPDATE 2-Petrobras shares slip as production target disappoints
Shares of Brazilian oil firm Petroleo Brasileiro SA slipped on Thursday after its oil and gas production outlook for next year disappointed analysts, despite ambitious long-term output forecasts in its new five-year strategic plan. Petrobras, as the state-run company is known, aims to produce 2.2 million barrels of oil per day (bpd) next year, below a prior outlook for more than 2.3 million bpd provided in the comparable strategic plan released last December. Preferred shares of Petrobras slid more than 1% in morning trade on the Sao Paulo stock exchange.
- Reuters
CORRECTED-Brazil's Copagaz expects to become market leader in LPG after buying Liquigas
Brazilian gas company Copagaz expects to become the market leader for liquified petroleum gas (LPG) and triple its market share after it closes a deal to buy Liquigas, which state-giant Petrobras is selling, an executive told Reuters. Pedro Zahran Turqueto, the company's top executive for business development, said Copagaz should now have a 25% market share in LPG.
