Zacks: Brokerages Anticipate PETROLEO BRASIL/ADR (NYSE:PBR) to Post $0.31 Earnings Per Share

Wall Street analysts expect PETROLEO BRASIL/ADR (NYSE:PBR) to report earnings of $0.31 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for PETROLEO BRASIL/ADR’s earnings, with the highest EPS estimate coming in at $0.37 and the lowest estimate coming in at $0.24. PETROLEO BRASIL/ADR posted earnings of $0.26 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 19.2%. The business is scheduled to issue its next quarterly earnings results on Tuesday, November 5th.

According to Zacks, analysts expect that PETROLEO BRASIL/ADR will report full-year earnings of $1.23 per share for the current financial year, with EPS estimates ranging from $0.78 to $1.68. For the next year, analysts anticipate that the company will post earnings of $1.56 per share, with EPS estimates ranging from $0.76 to $2.65. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for PETROLEO BRASIL/ADR.

PETROLEO BRASIL/ADR (NYSE:PBR) last posted its quarterly earnings data on Monday, August 5th. The oil and gas exploration company reported $0.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.38. PETROLEO BRASIL/ADR had a return on equity of 12.74% and a net margin of 9.12%. The firm had revenue of $18.50 billion for the quarter, compared to the consensus estimate of $22.35 billion.

PBR has been the topic of a number of recent analyst reports. Goldman Sachs Group started coverage on shares of PETROLEO BRASIL/ADR in a report on Thursday, July 11th. They set a “buy” rating on the stock. ValuEngine lowered shares of PETROLEO BRASIL/ADR from a “hold” rating to a “sell” rating in a research note on Tuesday, August 20th. Bank of America started coverage on shares of PETROLEO BRASIL/ADR in a research note on Wednesday, July 3rd. They issued a “buy” rating and a $21.00 price objective for the company. Finally, Citigroup reiterated a “buy” rating and set a $23.00 price objective (up from $20.20) on shares of PETROLEO BRASIL/ADR in a research report on Monday, July 8th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $20.00.

Several institutional investors and hedge funds have recently modified their holdings of the company. Advisory Services Network LLC lifted its position in shares of PETROLEO BRASIL/ADR by 190.4% in the first quarter. Advisory Services Network LLC now owns 4,951 shares of the oil and gas exploration company’s stock worth $79,000 after purchasing an additional 3,246 shares in the last quarter. Westwood Holdings Group Inc. acquired a new stake in shares of PETROLEO BRASIL/ADR during the second quarter worth approximately $133,000. Corient Capital Partners LLC purchased a new position in PETROLEO BRASIL/ADR during the second quarter valued at approximately $159,000. OLD National Bancorp IN purchased a new position in PETROLEO BRASIL/ADR during the first quarter valued at approximately $167,000. Finally, Gould Asset Management LLC CA increased its stake in PETROLEO BRASIL/ADR by 17.1% in the 1st quarter. Gould Asset Management LLC CA now owns 12,250 shares of the oil and gas exploration company’s stock valued at $195,000 after buying an additional 1,785 shares during the period. Institutional investors own 7.66% of the company’s stock.

Shares of PBR traded down $0.04 during midday trading on Friday, hitting $14.57. The stock had a trading volume of 15,921,104 shares, compared to its average volume of 16,669,109. The business has a 50-day simple moving average of $14.10 and a two-hundred day simple moving average of $15.19. The firm has a market cap of $95.29 billion, a P/E ratio of 10.19 and a beta of 1.46. The company has a current ratio of 1.31, a quick ratio of 1.06 and a debt-to-equity ratio of 1.11. PETROLEO BRASIL/ADR has a fifty-two week low of $10.38 and a fifty-two week high of $17.90.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Wednesday, August 14th will be given a dividend of $0.077 per share. The ex-dividend date is Tuesday, August 13th. This represents a $0.31 dividend on an annualized basis and a yield of 2.11%. PETROLEO BRASIL/ADR’s payout ratio is presently 21.68%.


Petróleo Brasileiro SA – Petrobras operates in the oil, natural gas, and energy industries in Brazil and internationally. It engages in prospecting, drilling, refining, processing, trading, and transporting crude oil from producing onshore and offshore oil fields and shale or other rocks, as well as oil products, natural gas, and other liquid hydrocarbons.

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