Petroleo Brasileiro S.A. Petrobras (PBR) Stock Forecast & Predictions

Petroleo Brasileiro S.A. Petrobras - ADR PBR: $11.92

Av. Republica do Chile, n 65 24 andar, Rio De Janeiro, Rio De Janeiro, Brazil. | Sector: Mining, Quarrying, and Oil and Gas Extraction | Exchange: NEW YORK STOCK EXCHANGE, INC. | Web: http://www.petrobras.com.br/

  • Market Cap$76.62B
  • Change (52 Weeks)41.13%
  • Low (52 Weeks)$5.94
  • Petroleo Brasileiro S.A. Petrobras (PBR) Forecast Based on Technical Analysis


    Neutral
    Based on 16 Technical Indicators where 18.75% are on Buy, 31.25% on Sell, and 50.00% Neutral.

    According to the market data, Petroleo Brasileiro S.A. Petrobras (PBR) stock price is $11.92 and the 52 weeks low is $5.94, which means the Petroleo Brasileiro S.A. Petrobras stock price is up 41.13% in the last 12 months.

    Petroleo Brasileiro S.A. Petrobras (PBR) Stock Price is not Trending currently as per the Weekly Chart, which means the price may range between specific high and low levels for the next few months, unless some significant changes take place in the market performance or news.

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 16 technical indicators, 18.75% are indicating that PBR Stock price might rise further, 31.25% indicating that PBR Stock price might fall, and 50.00% are in a neutral position.

    Based on these technical algorithms, overall PBR stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    Petroleo Brasileiro S.A. Petrobras (PBR) Stock Forecast By Analysts


    Strong Buy
    Analysts Recommendations for Petroleo Brasileiro S.A. Petrobras (PBR) is based on 19 Institutional Analyst Ratings where 57.89% are on Strong Buy, 21.05% on Moderate Buy, 21.05% remains on Hold, 0.00% are on Moderate Sell and 0.00% are on Strong Sell.

    Out of 19 Institutional Analysts, majority recommended PBR stock as Strong Buy. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Petroleo Brasileiro S.A. Petrobras.

    Petroleo Brasileiro S.A. Petrobras (PBR) Stock Price Prediction By Analysts


    HighLowAverage
    $18.38$10.10$12.45
    $12.454.44% Upside
    Updated: 2021-06-18 00:00:00

    The Average Price target for PBR set by the institutional analysts is $12.45 where High Estimate is $18.38, Median $11.22 and Low $10.10.

    The average price target for PBR by Institutional Analysts is $12.45, which is 4.44% Upside from the current price. So according to the Institutional Analysts, PBR Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Petroleo Brasileiro S.A. Petrobras (PBR) Stock Forecast Based on Investor Sentiment


    Neutral
    Based on 434,839 investor portfolio.

    Our algorithm has analysed 434,839 investor portfolio with PBR stock holdings and found that 61.50% of them are bullish. Which means the Investor Sentiment is mostly Neutral.

    This shows most investors at this stage are confused about PBR stock price, whille half of them are optimistic that the price can rise further, half of them think the stock is overvalued and the price can fall anytime.

    Petroleo Brasileiro S.A. Petrobras (PBR) Stock Forecast Based on News Sentiment


    Neutral
    Based on 1 articles published Last Week, where 50.00% are Bullish and 50.00% are Bearish.

    According to the news articles published last week, journalists and bloggers had a mixed sentiment of PBR consisting of positive and negative, it shows that Petroleo Brasileiro S.A. Petrobras had a neutral news coverage.

    Neutral news coverage usually doesn't affect short-term price of a stock, so PBR stock price most likey won't have any reaction to last weeks news coverage.

    Petroleo Brasileiro S.A. Petrobras (PBR) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    ScotiaBankSector OutperformMaintained
    Raymond JamesUnderperformDowngraded
    B of A SecuritiesNeutralDowngraded
    B of A SecuritiesBuyReiterated
    Goldman SachsBuyInitiated
    Bank of AmericaBuyInitiated
    Credit SuisseOutperformUpgraded
    BarclaysUnderweightDowngraded
    JP MorganOverweightUpgraded
    Bank of AmericaBuyUpgraded
    Raymond JamesMarket PerformUpgraded
    Societe GeneraleHoldDowngraded
    Morgan StanleyEqual-WeightDowngraded
    Credit SuisseNeutralDowngraded
    Bank of AmericaNeutralDowngraded
    Bank of AmericaBuyUpgraded
    Raymond JamesUnderperformDowngraded
    Societe GeneraleHoldDowngraded
    BarclaysUnderweightMaintained
    JP MorganOverweightUpgraded
    Tudor PickeringHoldDowngraded
    HSBCHoldDowngraded
    BarclaysUnderweightMaintained
    Morgan StanleyOverweightMaintained
    CitigroupBuyUpgraded
    Credit SuisseNeutralMaintained
    Raymond JamesMarket PerformUpgraded
    MacquarieNeutralUpgraded
    Tudor PickeringHoldDowngraded
    Credit SuisseNeutralUpgraded
    BarclaysUnderweightDowngraded
    JP MorganNeutralUpgraded
    Raymond JamesUnderperformDowngraded
    Deutsche BankSellDowngraded
    BarclaysEqual-WeightMaintained
    Morgan StanleyEqual-WeightUpgraded
    JP MorganUnderperformDowngraded
    Credit SuisseUnderperformInitiated
    BarclaysEqual-WeightDowngraded
    MacquarieUnderperformInitiated
    JP MorganNeutralDowngraded
    Credit SuisseUnderperformMaintained
    BarclaysOverweightMaintained
    BarclaysOverweightMaintained
    HSBCHoldUpgraded
    JP MorganOverweightUpgraded
    Tudor PickeringBuyUpgraded
    Goldman SachsSellDowngraded
    Morgan StanleyUnderweightDowngraded
    Bank of AmericaBuyUpgraded
    BarclaysOverweightMaintained
    Credit SuisseNeutralMaintained
    UBSNeutralDowngraded
    Bank of AmericaNeutralDowngraded
    Cowen & Co.Market PerformDowngraded
    GBMDowngraded
    BarclaysOverweightUpgraded
    UBSNeutralDowngraded
    BMO CapitalMarket PerformInitiated
    Credit SuisseNeutralUpgraded
    CitigroupNeutralDowngraded
    Wells FargoOutperformUpgraded
    Bank of AmericaBuyUpgraded
    Credit SuisseOutperformUpgraded
    BTG PactualNeutralDowngraded
    JefferiesHoldDowngraded
    Societe GeneraleBuyMaintained
    Raymond JamesMarket PerformDowngraded
    Bank of AmericaNeutralDowngraded
    BarclaysEqual-WeightMaintained
    CitigroupBuyMaintained
    JefferiesBuyInitiated

    Petroleo Brasileiro S.A. Petrobras (PBR) Stock Earning Per Share (EPS) Forecast / Estimate


    $1.906
    The average consensus EPS for PBR is $1.906 with a high estimate of $2.152 and Low of $1.441 for the period 2021-09-30 and based on 7 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $2.18$0.19572020-12-31


    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $0.11$0.334750000000000052021-03-31
    $2.18$0.19572020-12-31
    $0.269$0.103515000000000012020-09-30
    $-0.967$-0.431572020-06-30
    $-0.268$0.519122020-03-31
    $0.63$0.8531492019-12-31
    $0.75$0.983652019-09-30
    $1.45$0.64892019-06-30
    $0.4$0.43262019-03-31
    $0.62$0.52532018-12-31
    $0.51$0.880652018-09-30
    $0.78$0.67980000000000012018-06-30
    $0.53$0.35022018-03-31
    $0.69$0.206000000000000022017-12-31
    $0.28$0.24722017-09-30
    $0.13$0.22662017-06-30
    $0.46$0.25752016-12-31
    $-0.089$0.140800999999999982016-09-30
    $0.03$0.1372992016-06-30
    $-0.1$0.18542016-03-31
    $0.823$0.1202012015-12-31
    $-0.29$0.066950000000000012015-09-30
    $0.04$0.2814992015-06-30
    $0.41$0.1166992015-03-31
    $1.333$0.339900000000000042014-12-31
    $0.24$0.36052014-09-30
    $0.38$0.6352012014-06-30
    $0.41$0.4351752014-03-31
    $0.48$0.326512013-12-31
    $0.59$0.5801992012-12-31
    $0.46$0.634482012-09-30
    $0.48$0.2351492012-06-30
    $0.71$0.64892012-03-31
    $0.39$0.6419992011-12-31
    $0.49$0.3432992011-09-30
    $0.839$0.901252011-06-30
    $0.84$0.8067992011-03-31
    $0.81$0.67980000000000012010-12-31
    $0.666$0.7176012010-09-30
    $0.95$0.93732010-06-30

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).