Petroleo Brasileiro S.A. – Petrobras [PBR] moved up 1.99: Why It’s Important

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Petroleo Brasileiro S.A. – Petrobras [NYSE: PBR] jumped around 0.23 points on Friday, while shares priced at $11.79 at the close of the session, up 1.99%. The company report on July 6, 2022 that PETROBRAS ANNOUNCES COMMENCEMENT OF CASH TENDER OFFERS.


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Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) announces that its wholly-owned subsidiary, Petrobras Global Finance B.V. (“PGF”), has commenced cash tender offers to purchase for cash (each, an “Offer” and collectively, the “Offers”) any and all of (i) its notes of the series set forth in the below table under the heading “Tender Group 1” for an aggregate purchase price, excluding accrued and unpaid interest, of up to US$750 million (the “Maximum Consideration for Tender Group 1”), and (ii) its notes of the series set forth in the below table under the heading “Tender Group 2,” for an aggregate purchase price, excluding accrued and unpaid interest, of up to US$750 million (the “Maximum Consideration for Tender Group 2” and, together with the Maximum Consideration for Tender Group 1, the “Maximum Consideration”), in each case as converted on the basis set forth in the Offer to Purchase (as defined below).  Tender Group 1 and Tender Group 2 are referred to herein individually as a “Tender Group” and collectively as the “Tender Groups.”  The notes for each Tender Group are referred to herein collectively as the “Notes.”.

The Offers are being made pursuant to the terms and conditions set forth in the offer to purchase, dated July 6, 2022 (the “Offer to Purchase” and, together with the accompanying notice of guaranteed delivery, the “Offer Documents”).

Petroleo Brasileiro S.A. – Petrobras stock is now 8.49% up from its year-to-date (YTD) trading value. PBR Stock saw the intraday high of $11.87 and lowest of $11.58 per share. The company’s 52-week high price is 16.13, which means current price is +10.03% above from all time high which was touched on 05/23/22.

Compared to the average trading volume of 31.61M shares, PBR reached a trading volume of 16860444 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Petroleo Brasileiro S.A. – Petrobras [PBR]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PBR shares is $15.91 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PBR stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BofA Securities have made an estimate for Petroleo Brasileiro S.A. – Petrobras shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on March 08, 2022. The new note on the price target was released on December 16, 2021, representing the official price target for Petroleo Brasileiro S.A. – Petrobras stock. Previously, the target price had yet another raise to $12, while HSBC Securities analysts kept a Hold rating on PBR stock. On August 05, 2021, analysts increased their price target for PBR shares from 15.50 to 16.

The Average True Range (ATR) for Petroleo Brasileiro S.A. – Petrobras is set at 0.52, with the Price to Sales ratio for PBR stock in the period of the last 12 months amounting to 0.76. The Price to Book ratio for the last quarter was 0.95, with the Price to Cash per share for the same quarter was set at 2.67. Price to Free Cash Flow for PBR in the course of the last twelve months was 3.64 with Quick ratio for the last quarter at 1.20.

How has PBR stock performed recently?

Petroleo Brasileiro S.A. – Petrobras [PBR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.94. With this latest performance, PBR shares dropped by -15.18% in over the last four-week period, additionally plugging by 11.01% over the last 6 months – not to mention a rise of 14.47% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PBR stock in for the last two-week period is set at 43.46, with the RSI for the last a single of trading hit 47.30, and the three-weeks RSI is set at 42.62 for Petroleo Brasileiro S.A. – Petrobras [PBR]. The present Moving Average for the last 50 days of trading for this stock 13.26, while it was recorded at 11.51 for the last single week of trading, and 12.47 for the last 200 days.

Petroleo Brasileiro S.A. – Petrobras [PBR]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Petroleo Brasileiro S.A. – Petrobras [PBR] shares currently have an operating margin of +37.80 and a Gross Margin at +45.96. Petroleo Brasileiro S.A. – Petrobras’s Net Margin is presently recorded at +23.56.

Return on Equity for this stock inclined to 30.66, with Return on Assets sitting at 10.88.

Petroleo Brasileiro S.A. – Petrobras’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.50.

Insider trade positions for Petroleo Brasileiro S.A. – Petrobras [PBR]

There are presently around $9,528 million, or 23.50% of PBR stock, in the hands of institutional investors. The top three institutional holders of PBR stocks are: GQG PARTNERS LLC with ownership of 194,236,315, which is approximately 3.495% of the company’s market cap and around 39.80% of the total institutional ownership; BAILLIE GIFFORD & CO, holding 71,801,214 shares of the stock with an approximate value of $846.54 million in PBR stocks shares; and ARROWSTREET CAPITAL, LIMITED PARTNERSHIP, currently with $554.97 million in PBR stock with ownership of nearly 84.298% of the company’s market capitalization.

Positions in Petroleo Brasileiro S.A. – Petrobras stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 219 institutional holders increased their position in Petroleo Brasileiro S.A. – Petrobras [NYSE:PBR] by around 148,686,852 shares. Additionally, 148 investors decreased positions by around 121,890,981 shares, while 51 investors held positions by with 537,575,289 shares. The mentioned changes placed institutional holdings at 808,153,122 shares, according to the latest SEC report filing. PBR stock had 105 new institutional investments in for a total of 35,351,743 shares, while 51 institutional investors sold positions of 22,643,203 shares during the same period.

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