PETR3.SA - Petróleo Brasileiro S.A. - Petrobras
| Previous Close | 30.18 |
| Open | 30.65 |
| Bid | 30.77 x 0 |
| Ask | 30.78 x 0 |
| Day's Range | 30.48 - 31.19 |
| 52 Week Range | 16.90 - 33.70 |
| Volume | 7,990,300 |
| Avg. Volume | 9,939,143 |
| Market Cap | 382.142B |
| Beta (3Y Monthly) | 1.66 |
| PE Ratio (TTM) | 15.59 |
| EPS (TTM) | 1.98 |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | 2018-12-26 |
| 1y Target Est | 29.21 |
- Reuters•19 hours ago
Petrobras hikes diesel price, eyes divestments amid investor unease
RIO DE JANEIRO/SAO PAULO, April 17 (Reuters) - Brazilian state-run oil firm Petroleo Brasileiro SA hiked diesel prices on Wednesday, and executives said the firm could expand its already aggressive divestment plan while arguing the company was completely free of political interference. In an impromptu news conference at the Rio de Janeiro headquarters of Petrobras, as the company is known, Chief Executive Roberto Castello Branco announced a diesel price hike of 10 cents per liter and said Petrobras has complete control over its pricing strategy. Speaking only minutes before at an event in Sao Paulo, Chief Financial Officer Rafael Grisolia said Petrobras was looking at selling off assets such as deepwater pipelines and Petrobras Distribuidora SA, which includes a gas station chain stretching across the country.
- Reuters•19 hours ago
Petrobras denies political interference, eyes divestments amid investor unease
RIO DE JANEIRO/SAO PAULO, April 17 (Reuters) - Brazilian state-run oil firm Petroleo Brasileiro SA is completely free of political interference and is examining divesting a wide range of assets, including its fuel distribution unit, executives said on Wednesday. In an impromptu press conference at the Rio de Janeiro headquarters of Petrobras, as the firm is known, Chief Executive Roberto Castello Branco announced a diesel price hike of 10 cents per liter and said the company has complete control over its pricing strategy. Speaking at an event in Sao Paulo only minutes before, Chief Financial Officer Rafael Grisolia said the firm was looking at selling off assets such as deepwater pipelines and Petrobras Distribuidora SA, which includes a gas station chain stretching across the country.
- Reuters•21 hours ago
Petrobras analyzing best model to sell new gas pipelines -CFO
Brazil's state-controlled oil company, Petroleo Brasileiro SA, is analyzing the best model to include a new group of natural gas pipelines in its divestment program, Chief Financial Officer Rafael Grisolia ...
- Market Realist•yesterday
Analyzing BP’s Forecast Price Range ahead of Its Earnings
Will BP Post Lower Q1 Earnings? What Wall Street Expects(Continued from Prior Part)Implied volatility in BP In this article, we’ll look at BP (BP) stock’s price forecast range for the 18 days leading up to its earnings release. BP is expected to
- Reuters•yesterday
Brazil's Petrobras says Caixa intends to sell stake in oil firm
SAO PAULO (Reuters) - Caixa Econômica Federal has informed Brazilian state-run oil firm Petroleo Brasileiro SA, known as Petrobras, that it intends to sell its stake in the oil firm, Petrobras said in ...
- Reuters•2 days ago
Brazil government pledges to keep hand off Petrobras
Petroleo Brasileiro SA's market-based diesel pricing policy remains unchanged and Brazil's president has no intention of meddling in Petrobras' internal affairs, high-ranking government officials said on Tuesday. A call by President Jair Bolsonaro last week to the chief executive of Petrobras led the state-run company to call off a sharp diesel price increase and revived investor fears about political influence, hammering the share price of Petrobras. The episode underscored the leverage of truckers in Brazil, which relies overwhelmingly on road freight to get agricultural exports to port and keep its economy humming.
- Reuters•2 days ago
Brazil's Petrobras hires JPMorgan, Citi to manage BR Distribuidora offering -sources
State-run oil company Petroleo Brasileiro SA has hired nine banks to manage an offering of shares in its fuel distribution unit Petrobras Distribuidora SA, three sources with knowledge of the matter said. The offering will be led by the investment banking units of JPMorgan Chase & Co and Citigroup Inc, along with the investment banks owned by Itau Unibanco Holding SA , Banco Bradesco SA, Bank of America Corp , Credit Suisse Group AG, Banco do Brasil SA , Banco Santander Brasil SA and HSBC Holdings Plc.
- Reuters•2 days ago
Brazilian government says Petrobras is free to set fuel prices without interference
Brazilian President Jair Bolsonaro does not want to interfere and cannot legally interfere in the internal matters of state-run oil firm Petroleo Brasileiro SA, the presidential spokesman said on Tuesday. ...
Associated Press•2 days agoBrazil announces financial package to avoid truckers' strike
RIO DE JANEIRO (AP) — The government of Brazilian President Jair Bolsonaro announced Tuesday a financial package aimed at staving off a potential truckers' strike.
- Reuters•2 days ago
Brazil will not change Petrobras diesel pricing policy -minister
Brazil's energy minister said on Tuesday that there will be no change in the pricing policy of Petroleo Brasileiro SA, after the company called off a diesel price hike last week following a call from the ...
- Reuters•2 days ago
EMERGING MARKETS-Latam shares track global rally, currencies weaken
Mexico's IPC stock index climbed half a percent on broad-based gains, while Chile's IPSA rose for the first time in five days. Regional shares tracked a rally in world stocks that hit a more than six-month high as signs of stabilization in China's economy and positive data from Germany buoyed sentiment. Brazil's Bovespa stock index rose 1.5 percent with state oil firm Petroleo Brasileiro and consumer shares leading gains.
- Market Realist•3 days ago
Has Short Interest in Chevron Plunged?
Why Wall Street Expects Lower Q1 Earnings for Chevron(Continued from Prior Part)Short interest in Chevron Short interest in Chevron (CVX) has fallen by 0.22 percentage points since January 2, 2019, to the current level of 0.90%. Usually, a fall in
- Bloomberg•5 days ago
Brazil’s Economy Minister Says He Can ‘Fix’ Petrobras Situation
When asked about Bolsonaro’s meddling in state-controlled Petrobras’ pricing policy this week, Guedes said he’d get more information when he returns home from Washington, where he’s been attending the spring meetings of the International Monetary Fund. Petrobras shares plunged more than 8 percent on Friday after Bolsonaro called the energy producer’s Chief Executive Officer Roberto Castello Branco and ordered him to cancel a planned increase in diesel prices.
Reuters•6 days agoBolsonaro calls for 'fair' diesel prices, spooking Petrobras investors
RIO DE JANEIRO/BRASILIA (Reuters) - Brazil's Petroleo Brasileiro SA cancelled a diesel price hike on Friday as President Jair Bolsonaro called for "fair" prices out of concern for truckers, spooking investors wary of political interference at the state-run oil firm. Preferred shares fell 8 percent, their biggest drop in 10 months, as the abrupt reversal raised doubts about pledges to separate politics from business at Petrobras, which sold fuel at a loss for years under pressure from previous governments. Although Bolsonaro vowed orthodox economic policies in his far-right presidential campaign last year, his first 100 days in office have raised concerns that more populist factions in his government may have an upper hand over free-market voices.
- Reuters•6 days ago
EMERGING MARKETS-Latam FX mostly firm; Brazil hit by Petrobras, pension woes
Most Latin American currencies firmed against a weaker U.S. dollar on Friday amid signs of stabilization in China's economy, while assets in Brazil fell as a slump in Petrobras and uncertainty around much ...
- Motley Fool•6 days ago
Why National Oilwell Varco, Anthem, and Petroleo Brasileiro Slumped Today
Despite big gains for the market, these stocks lost ground on industry and company concerns.
- Reuters•6 days ago
Brazil central bank says it supports free market pricing
Brazil's central bank chief on Friday refused to wade into a controversy over government meddling in pricing at Brazilian state oil giant Petrobras, but said he favored free market pricing and limited government interference in general. Petroleo Brasileiro SA canceled a diesel price hike on Friday as President Jair Bolsonaro called for "fair" prices out of concern for truckers, fueling an 8 percent drop in preferred shares of the debt-laden oil company.
- Associated Press•6 days ago
Brazil Petrobras shares drop after price hike canceled
SAO PAULO (AP) — Stock prices of Brazil's state oil company have dropped after its decision to reverse an announced 5.7% increase in diesel prices.
- Bloomberg•6 days ago
Petrobras Price Move Damages Bolsonaro's Pro-Business Stance
Bolsonaro and his Chief of Staff Onyx Lorenzoni suspended oil giant Petrobras’ diesel price increase late Thursday after that discussion and a phone call to Petrobras CEO Roberto Castello Branco, according to a government official with knowledge of the matter. Bolsonaro and Lorenzoni derided the price boost that had been announced hours earlier as untimely and extemporaneous. Diesel costs were behind a nationwide truckers strike in 2018.
- Reuters•6 days ago
EMERGING MARKETS-Most Latam currencies firm, Brazilian assets slip
Most Latin American currencies firmed on Friday against a tepid dollar on resurgent risk sentiment, with rising oil prices supporting firmness among the region's net oil exporters' currencies. Oil-related ...
- Reuters•6 days ago
CVC Capital, Itausa interested in Brazil's Petrobras LPG distribution unit- sources
CVC Capital Partners and Brazilian investment firm Itausa Investimentos Itau SA are among the groups interested in an LPG distribution unit put on the block by Brazil's Petrobras, two sources with knowledge of the matter said. Petroleo Brasileiro SA, as the state-controlled oil company is formally known, expects interested parties to sign confidentiality agreements, the first step to participate in the sale process of Liquigas Distribuidora SA, by April 19. Petrobras had agreed in 2016 to sell Liquigas Distribuidora to local rival Ultrapar Participacoes SA in a 2.8 billion-real ($720 million) deal, that was blocked by Brazil's antitrust watchdog Cade in February 2018.
Bloomberg•6 days agoPetrobras Sinks as Price Reversal Sparks Intervention Fear
“It gives us all a deja vu feeling,” Pablo Spyer, a director at brokerage Mirae Asset, said in an interview. Petrobras fell as much as 6.3 percent in Sao Paulo in the biggest drop since June, 2018. The diesel price decision revives memories of fuel subsidies that cost the company tens of billions of dollars earlier this decade during the rule of the left-wing Workers’ Party.
- Market Realist•6 days ago
Chevron Stock’s Forecast Range ahead of Its Earnings
Why Wall Street Expects Lower Q1 Earnings for Chevron(Continued from Prior Part)Implied volatility in Chevron In this article, we’ll consider Chevron (CVX) stock’s price forecast range for the 16 days leading up to its earnings based on its
- Market Realist•6 days ago
Why Has Chevron Stock Surged ahead of Its Earnings?
Why Wall Street Expects Lower Q1 Earnings for Chevron(Continued from Prior Part)Chevron’s returnsIn this article, we’ll review Chevron’s (CVX) performance ahead of its first-quarter earnings release. In the past month, since March 8, 2019,
