PBR - Petróleo Brasileiro S.A. - Petrobras
14.00 +0.09 (0.65%)
Pre-Market: 6:06AM EDT
| Previous Close | 14.22 |
| Open | 13.87 |
| Bid | 13.67 x 4000 |
| Ask | 14.50 x 28000 |
| Day's Range | 13.65 - 13.96 |
| 52 Week Range | 9.02 - 17.90 |
| Volume | 15,075,700 |
| Avg. Volume | 17,773,761 |
| Market Cap | 91.036B |
| Beta (3Y Monthly) | 0.07 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.10 (0.68%) |
| Ex-Dividend Date | 2019-05-22 |
| 1y Target Est | 18.81 |
- Reuters•3 days ago
EMERGING MARKETS-Bovespa top gainer among Latam markets, FX firms
A Latin American stocks benchmark rose on Tuesday, boosted by strong gains in index heavyweight Brazil, and the region's currencies firmed broadly against the dollar as frosty U.S.-China ties marginally ...
- Reuters•3 days ago
Brazil's Petrobras eyes transfer-of-rights addendum that opens up $9 bln payment
Brazil's state-run oil company Petrobras said on Tuesday its board of directors approved an addendum to a transfer-of-rights oil contract that will see it reimbursed to the tune of $9.06 billion, but the deal remains subject to governmental agreement. Approval depends on the publication of a Ministry of Mines and Energy decree that does not violate the rights and conditions from the contract Petrobras has already negotiated, the company said in a statement.
- Reuters•7 days ago
EMERGING MARKETS-Latam FX drops, Brazil's real clocks 8-month closing low
Latin American currencies softened on Friday against a robust dollar amid rising U.S.-China tensions, with Brazil's real facing intense selling pressure as investors' concerns about growth in Latin America's ...
- Reuters•7 days ago
Petrobras removes three banks from BR Distribuidora privatization -sources
RIO DE JANEIRO/SAO PAULO, May 17 (Reuters) - Brazilian state-run oil firm Petroleo Brasileiro SA has removed three banks from the privatization process of fuel distribution unit Petrobras Distribuidora, four sources with knowledge of the matter told Reuters this week. BR Distribuidora, as the unit is known, is among the assets that Petrobras intends sell to reduce debt and increase investments in oil exploration and production. Petrobras holds a 71.25% stake in BR Distribuidora and is seeking to privatize the fuel distributor through a share offering in the coming weeks.
- Zacks•7 days ago
Is Petroleo Brasileiro (PBR) a Good Pick for Value Investors?
Let's see if Petroleo Brasileiro (PBR) stock is a good choice for value-oriented investors right now from multiple angles.
- Zacks•9 days ago
Petrobras' (PBR) Q1 Earnings & Sales Lag Estimates, Down Y/Y
While Petrobras (PBR) generates positive free cash flow for the 16th consecutive quarter, the metric declines to $3,212 million from $4,005 million in the year-ago period.
- Bloomberg•9 days ago
Big Oil Leads Rio Real Estate Renaissance on Energy Opening
Rio office occupancy is inching up for the second straight year, as the oil industry emerges from a sprawling corruption scandal that was compounded by a price rout and a bankrupt state government, according to CBRE Group Inc, which tracks rentals and has its own database based on private surveys. As oil prices rebound and state-controlled oil company Petroleo Brasileiro SA slims down by selling assets to and partnering with global majors, there’s a resurgent demand for prime office space in downtown Rio. With a mega-auction coming in October that’s expected to attract the likes of Exxon Mobil Corp, Royal Dutch Shell Plc and Chevron Corp, the outlook is quickly improving.
- Reuters•11 days ago
EMERGING MARKETS-Latam assets slide as U.S.-China trade war froths
Latin American currencies softened against the dollar on Monday, with global risk appetite hammered by rising U.S.-China trade tensions, which prompted some investors in Latin American stocks to cash out ...
- Reuters•11 days ago
Brazil's Petrobras not planning additional refining divestments: letter
Brazil's Petroleo Brasileiro SA is not planning on selling any refining assets in addition to the refineries it has already publicly slated for divestment, an executive wrote in a letter to employees last week. In the letter, Anelise Lara, head of downstream operations, added that Petrobras, as the company is known, expected to conclude the planned sale of eight refineries in 2021. In April, Petrobras detailed plans to sell the refineries, in a process Chief Executive Roberto Castello Branco said could fetch some $15 billion.
Motley Fool•14 days agoPetroleo Brasileiro S.A. - Petrobras (PETR4) Q1 2019 Earnings Call Transcript
PETR4 earnings call for the period ending March 31, 2019.
- Reuters•15 days ago
EMERGING MARKETS-Latam assets subdued amid U.S.-China trade fears
A benchmark Latin American stock index fell on Thursday, while most Latin American currencies softened against the dollar, with investors shifting to safer assets as they awaited new developments in the ...
- Reuters•15 days ago
Brazil´s Petrobras may launch secondary share offering on May 24- source
Brazilian state-controlled oil company Petroleo Brasileiro SA is expected to launch its secondary share offering on May 24, one person with knowledge of the matter said on Thursday. Petrobras filed Wednesday night with the SEC for the secondary offering of up to 241.34 million shares owned by state lender Caixa Economica Federal, worth around $2.3 billion.
- Rigzone.com•15 days ago
Petrobras CEO Throws Out Printers to Cut Costs
To date, the CEO has announced $8.1B in cost cuts through 2023, including plans to trim 4,300 of the company's 47,222 workers.
- Reuters•16 days ago
Petrobras executives point to production boost after lukewarm results
Oil and gas production at Petroleo Brasileiro SA is on the rise, executives said on Wednesday, telling analysts that the company was on course to hit its annual production target despite lagging output in the first three months of the year. In a call with analysts following the release of first-quarter results, Petrobras Exploration and Production Director Carlos Alberto de Oliveira reaffirmed the company's production goal of 2.8 million barrels of oil equivalent per day (boepd) for 2019, adding that the company has been exceeding that figure in May. Talking to reporters later in the day, Petrobras Chief Executive Roberto Castello Branco credited rising production for lifting the company's share price on Wednesday, saying twice that investors liked the firm's quarterly figures more than the press did.
- Reuters•16 days ago
Nigerian court dismisses oil export claims against Eni, Petrobras
A Nigerian court on Wednesday dismissed government claims that subsidiaries of Eni and Petrobras illegally exported crude oil to the United States, but a lawyer representing authorities in the West African country said an appeal had been launched. Crude oil sales are the mainstay of Africa's biggest economy, making up two-thirds of the country's revenue and around 90 percent of foreign-exchange earnings. In a lawsuit filed in 2016, Nigeria alleged that a number of companies exported a total of 57 million barrels of crude oil to the United States between 2011 and 2014.
- Oilprice.com•16 days ago
“The Stock Is Cheap”: Brazil’s Hedge Funds Jump Into Petrobras
Petrobras’ most recent news has put investors on edge, but that hasn’t stopped hedge funds from placing big bets on Brazil’s oil giant
- Reuters•16 days ago
Petrobras executive flags production boost in second quarter
Oil and gas production at Petroleo Brasileiro SA is on the rise in the second quarter, and has been above 2.8 million barrels of oil equivalent per day (boepd) so far in May, a company executive said on Wednesday. In a call with analysts following the release of first-quarter results, Exploration and Production Director Carlos Alberto de Oliveira reaffirmed the firm's production goal of 2.8 million boepd for 2019. In the first quarter, the firm reported oil production of 2.538 million boepd, as output was hit by a number of stoppages.
- Reuters•17 days ago
Brazil's Petrobras Distribuidora boosts Q1 net income by 93 pct
Brazilian fuel distribution company Petrobras Distribuidora SA posted a hefty rise in net income in the first quarter, reflecting a reduction of financial expenses in the period and one-off gains stemming from certain debt renegotiation agreements. According to a securities filing late on Monday, the fuel distribution company recognized a 181 million real ($45.61 million) gain after debt renegotiations with distributors and ex-distributors of electric utility Centrais Eletricas Brasileiras SA. Net income was 477 million reais in the first quarter, a 93 percent rise from a year ago, the filing said.
Reuters•17 days agoPetrobras plan to end refining monopoly in Brazil comes with caveats
Brazil's Petroleo Brasileiro SA drew plaudits from investors last month for announcing a plan to sell off eight of its refineries in a process the company says could fetch some $15 billion. "I think it's a little bit for show to make it seem like the refining market is being opened up," said Alberto Barriga, a former refining executive at Petrobras and a partner at consultancy Bizup. In response to questions from Reuters, Petrobras said its refineries in Sao Paulo and Rio de Janeiro will be subject to competition from fuel imports and cabotage, or the transport of fuel from other refineries within Brazil.
- Zacks•18 days ago
Transocean (RIG) Q1 Loss Wider Than Expected, Revenues Meet
Transocean's (RIG) revenue efficiency in the quarter was 98%, reflecting an increase from both the fourth quarter and year-ago levels of 96% and 92%, respectively.
- Zacks•21 days ago
Petrobras (PBR) to Post Q1 Earnings: Disappointment in Store?
One-time charges, high capex and interest payment obligations associated with huge debt burden may limit Petrobras' (PBR) Q1 profits and cash flows.
Bloomberg•21 days agoTop Brazil Hedge Fund Picks State Oil Giant as Next Big Bet
Joao Braga and Marcos Peixoto, who manage 5 billion reais ($1.3 billion) at XP Asset Management, have increased their stake in Petrobras, as the company is known, making it the biggest holding of their XP Long Biased fund even as the oil producer’s rally has outpaced the benchmark. “The stock is cheap,” Braga said in an interview at XP’s Sao Paulo offices.
- Reuters•22 days ago
EMERGING MARKETS-Latam stocks, FX weaken after Fed dampens rate cut bets
Latin American currencies softened against a stronger U.S. dollar on Thursday, a day after the U.S. Federal Reserve kept interest rates steady, while most regional stock markets broadly fell along with ...
- Reuters•22 days ago
UPDATE 1-Brazil's top fuel distributor receives 5 partnership bids for stores -source
Petrobras Distribuidora SA , Brazil's largest fuel distributor, has received five bids from retailers to partner for the operation of its convenience stores in gas stations, one source with knowledge of the matter said on Thursday. Among the groups that delivered proposals, are retailer Lojas Americanas SA and restaurant operators International Meal Company and privately-held Sapore, said the source, who requested anonymity because the talks are private. Mexico's convenience store chain Oxxo, controlled by Femsa SAB de CV, also delivered a bid, as well as Sforza Holding, the family offices that manages the fortune of Brazilian billionaire Carlos Wizard Martins, which owns retailers, restaurants and education companies in Brazil.
