Market Momentum Report: Petroleo Brasileiro S.A. Petrobras ADR (PBR)’s Negative Close at 16.69

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The price of Petroleo Brasileiro S.A. Petrobras ADR (NYSE: PBR) closed at $16.69 in the last session, down -2.05% from day before closing price of $17.04. In other words, the price has decreased by -$2.05 from its previous closing price. On the day, 19.63 million shares were traded. PBR stock price reached its highest trading level at $16.915 during the session, while it also had its lowest trading level at $16.46.

Ratios:

We take a closer look at PBR’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.01 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 2.13. For the most recent quarter (mrq), Quick Ratio is recorded 0.73 and its Current Ratio is at 0.96. In the meantime, Its Debt-to-Equity ratio is 0.80 whereas as Long-Term Debt/Eq ratio is at 0.65.

On March 11, 2024, Morgan Stanley Downgraded its rating to Equal-Weight which previously was Overweight and also lowered its target price recommendation from $20 to $18.

BofA Securities Downgraded its Buy to Neutral on March 08, 2024, while the target price for the stock was maintained at $16.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PBR now has a Market Capitalization of 108041887744 and an Enterprise Value of 445668884480. As of this moment, Petroleo’s Price-to-Earnings (P/E) ratio for their current fiscal year is 4.37, and their Forward P/E ratio for the next fiscal year is 5.10. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.61 while its Price-to-Book (P/B) ratio in mrq is 1.38. Its current Enterprise Value per Revenue stands at 0.87 whereas that against EBITDA is 1.81.

Stock Price History:

Over the past 52 weeks, PBR has reached a high of $17.91, while it has fallen to a 52-week low of $10.65. The 50-Day Moving Average of the stock is 4.85%, while the 200-Day Moving Average is calculated to be 8.57%.

Shares Statistics:

According to the various share statistics, PBR traded on average about 21.79M shares per day over the past 3-months and 16140560 shares per day over the past 10 days. A total of 3.72B shares are outstanding, with a floating share count of 3.72B. Insiders hold about 0.01% of the company’s shares, while institutions hold 19.30% stake in the company. Shares short for PBR as of 1714435200 were 31495690 with a Short Ratio of 1.45, compared to 1711584000 on 20165012.

Dividends & Splits

The forward annual dividend rate for PBR is 1.12, which was 6.268 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.36784035The stock’s 5-year Average Dividend Yield is 17.93.

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