PETR3.SA - Petróleo Brasileiro S.A. - Petrobras
| Previous Close | 30.15 |
| Open | 30.44 |
| Bid | 30.52 x 0 |
| Ask | 30.53 x 0 |
| Day's Range | 30.27 - 30.72 |
| 52 Week Range | 16.90 - 33.70 |
| Volume | 3,363,800 |
| Avg. Volume | 9,860,122 |
| Market Cap | 380.383B |
| Beta (3Y Monthly) | 1.54 |
| PE Ratio (TTM) | 17.42 |
| EPS (TTM) | 1.75 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.30 (1.07%) |
| Ex-Dividend Date | 2019-05-22 |
| 1y Target Est | 29.21 |
- American City Business Journals•22 hours ago
Chevron grows headcount at Houston-area refinery after acquisition
California-based Chevron Corp. (NYSE: CVX) has added employees to its refinery in Pasadena since it bought the asset in May for about $350 million, and it will probably add more by the end of the year. The company maintained all of the domestic employees who worked at the refinery after Chevron bought it from Brazil’s state-owned Petróleo Brasileiro SA (NYSE: PBR), commonly called Petrobras. The support organization — people who worked on the refinery’s financials, the legal team and others — worked under the broader U.S. arm of Petrobras, which meant Chevron had to hire its own team of about 25 to handle that part of the refinery’s business, said Tim Sutherland, the refinery’s general manager.
- Reuters•yesterday
Petrobras confirms natural gas find in Sergipe Basin
Brazilian state-run oil firm Petroleo Brasileiro SA has made natural gas discoveries in six deep-water fields in the Sergipe Basin, it said in a regulatory filing on Monday. Newspaper O Estado de Sao Paulo reported on Sunday that the find was the largest since the sub-salt discoveries in 2006, and that Petrobras could extract up to 20 million cubic meters of natural gas per day, equivalent to one third of total Brazilian production. According to O Estado, the find could help deliver the "cheap energy shock" to Brazil promised by Economy Minister Paulo Guedes, his vision to reduce the cost of natural gas by up to 50% and "reindustrialize" the country.
- Reuters•4 days ago
Brazil oil workers join pension reform protests with strike action
Oil workers at state-run Petroleo Brasileiro SA have begun a 24-hour strike in eight Brazilian states as part of nationwide protests against a government proposal to reform pensions, umbrella union group FUP said on Friday. Workers at nine refineries, including Reduc in Rio de Janeiro state and Paulínia in São Paulo state, were participating in the strike, which also affected a Petrobras port terminal in Pernambuco and a fertilizer plant in Bahia, FUP said. On the Campos basin in Rio de Janeiro, workers were keeping operations to a minimum, it added.
- Investopedia•5 days ago
Economics Report: Compare and Contrast India vs. Brazil (PBR)
Find out why Brazil and India, two of the largest and most important emerging market economies, appear to be headed in very different directions.
- Reuters•5 days ago
Brazil's Petrobras closes sale of TAG, receives $8.7 bln -filing
- Insider Monkey•5 days ago
Here is What Hedge Funds Think About Petroleo Brasileiro S.A. – Petrobras (PBR)
Amid an overall bull market, many stocks that smart money investors were collectively bullish on surged during the first quarter. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 40% and 25% respectively. Our research shows that most of the stocks that smart money likes historically generate strong risk-adjusted […]
- Market Realist•5 days ago
Has Total’s Short Interest Risen?
Since April 1, Total's (TOT) short interest has risen from 0.04% to 0.10%, while its stock price has fallen 2.0%.
- Reuters•5 days ago
Petrobras likely to space out Brazil fuel price changes -director
- Reuters•5 days ago
Exclusive: Petrobras ignored warnings about fuel broker implicated in graft probe
Brazil's Petrobras found suspicious activity in its oil trading business - and failed to stop it - six years before an alleged bribery scandal erupted in that unit in 2018, according to three people with knowledge of the situation and documents seen by Reuters. A 2012 internal probe at the state-run oil company turned up more than two dozen instances in which traders in Petrobras' Singapore office overpaid for fuel, the people said. Some employees in 2013 recommended halting transactions with one particular fuel brokerage that had consistently sold fuel to Petrobras at above-market prices, according to the people.
- Reuters•6 days ago
Petrobras revises timing of price adjustments for diesel and gasoline
Brazilian state-run oil company Petroleo Brasileiro SA said on Wednesday that its management approved a revision in scheduling of price adjustments for diesel and gasoline in its refineries. In a securities filing, the company said price adjustments will be made according to market conditions locally and abroad, instead of being made at fixed intervals.
- Reuters•6 days ago
Petrobras expects Brazil Supreme Court approval for governance rules -source
State-controlled oil company Petroleo Brasileiro SA expects Brazil's Supreme Court to give its blessing on Wednesday to proposed governance rules for the sale of exploration and production (E&P) rights, according to a source with knowledge on the matter. Petrobras considers a favorable judgment in this case, along with the court's ruling last week that state-run firms do not need congressional approval to sell off their subsidiaries, as the legal pillars of its divestment plan to reduce its high level of debt, one of the highest in the sector. Petrobras, as the company is known, says the plan will allow it to focus on offshore exploration and production in its pre-salt area, where billions of barrels of oil are trapped under a thick layer of salt offshore.
- Oil & Gas Journal•6 days ago
Petrobras advances downstream divestment plans
Petrobras has signed a commitment agreement with Brazil’s Administrative Council for Economic Defense consolidating an understanding between the parties on the operator’s previously announced plan to divest its Brazilian refining assets.
- Insider Monkey•7 days ago
Horseman Capital’s Return, AUM, and Holdings (Part II)
Read the beginning of this article here. Horseman Capital Management’s biggest position at the end of the first quarter of 2019 was Nutrien Ltd (NYSE:NTR). This newly established Canadian company, founded in 2017, produces agricultural and industrial crop nutrients, seeds and agricultural merchandise. The company’s market cap is $30.72 billion. As reported in the company’s […]
- Reuters•8 days ago
Petrobras gets $68 mln more related to Braskem plea deal - filing
- Reuters•11 days ago
Brazil's Petrobras says fuel theft costs exceed $39 million
- Reuters•11 days ago
EMERGING MARKETS-Most Latam FX firm; Mexican peso awaits tariff news from third day of talks
Brazil's real climbed 0.3%, while the Chilean peso was steady ahead of a central bank rate meeting. Mexico's peso was marginally lower, as investors awaited signs of concrete progress from the U.S.-Mexico talks on Friday. Mexico has ramped up efforts to curb the flow of migrants into the United States via its border, but it is unclear if the efforts will be enough to persuade U.S. President Trump to do away with or postpone a 5 percent tariff set to take effect on Monday.
- Reuters•12 days ago
UPDATE 4-Petrobras, Brazil government dodge bullet as Supreme Court approves asset sales
Brazil's Supreme Court ruled on Thursday that state-run firms do not need congressional approval to sell their subsidiaries, a major victory for the government of President Jair Bolsonaro and state-run oil firm Petrobras. Also on Thursday, Supreme Court Justice Edson Fachin, who ruled in May to suspend the $8.6 billion sale of Petrobras' TAG pipeline unit to France's Engie SA, reversed his decision in light of the full court's ruling, allowing Petroleo Brasileiro SA, as the firm is formally known, to go ahead with the divestment. The decisions will allow Petrobras to proceed with its plan to divest $27 billion of non-core assets by 2023, which it has repeatedly said is key to reducing its bloated debt load.
- Reuters•12 days ago
Another Brazil justice OKs privatizations without congressional approval
- Reuters•12 days ago
Engie Brazil CEO predicts Supreme Court will allow $8.6 bln gas pipeline deal
The chief executive officer of Engie SA in Brazil, Mauricio Bahr, said he expects the country's highest court to approve the French company's $8.6 billion acquisition of gas pipeline TAG from Brazil's state-controlled Petroleo Brasileiro SA.. Bahr said he expects the Supreme Court to show "common sense" and allow the deal to proceed. The Supreme Court will decide whether Petrobras, as the company is known, can close the deal with Engie.
- Reuters•13 days ago
EMERGING MARKETS-Most Latam currencies weaken, Brazil's real hit by data
- Reuters•13 days ago
Brazil pension fund Previ to invest in upcoming share offerings
Brazil's largest pension fund Previ intends to be an active investor in a series of upcoming share offerings as part of an effort to diversify its portfolio, its Chief Executive Jose Mauricio Coelho told Reuters. Brazilian companies such as Petrobras Distribuidora SA , software producer Linx SA, Banco BTG Pactual SA and utility CPFL Energia SA, among others, plan to sell shares over the next two months, as investors bet a pension reform will be approved by year-end, accelerating economic growth.
- Reuters•14 days ago
UPDATE 1-Braskem deal failure, dividend freeze complicate Brazil's Odebrecht restructuring -sources
Odebrecht SA's failure to sell its controlling stake in petrochemical company Braskem SA to LyondellBasell Industries NV and lack of cash are complicating the task of restructuring 80 billion reais ($20.67 billion) in debt owed by the corruption-ensnared conglomerate, three sources with knowledge of the matter said. The conglomerate was counting on Braskem dividends to service its debt. LyondellBasell said on Tuesday it ended talks with Odebrecht SA to buy Braskem "after careful consideration" but did not elaborate further.
- Reuters•14 days ago
EMERGING MARKETS-Latam FX firms, Mexican peso claws back some ground
