The 12-month median price target for Petroleo Brasileiro S.A. – Petrobras (PBR) assigned by the analysts stands at $16.9, which represents a return potential of 10.53 percent when compared to the closing price of the stock of $15.29 on Friday, January 11. The lowest price target for the stock is $13.5 — slightly more than -11.71 percent from PBR’s current share price. The stock will probably climb 8.37 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $20.2-month high price target. This represents a whopping 32.11 percent increase from where shares are trading today.
On momentum oscillators front, ‘RSI’ has touched 64.24 on daily chart, which may remain a cause for concern. If the price breaks below $15.01 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $15.39 mark may result into a pull-back move towards $15.5 level. The stock is currently hovering around the first support level of $15.15. Below this, the next support is placed in the zone of $15.01. Till the time, the PBR stock trades above this level, bulls have nothing to fear.
Shares of Petroleo Brasileiro S.A. – Petrobras (PBR) are trading at a P/E ratio of 19.91 times earnings reported for the past 12 months. The industry PBR operates in has an average P/E of 8.21. Its P/E ratio went as low as 8.86X and as high as 8.86 over the 5-year span. Further, it is sporting a 1.06 on the Price-to-Sales ratio. Compare this with the industry average P/S of 0.71. 35.4 percent is the gross profit margin for Petroleo Brasileiro S.A. – Petrobras and operating margin sits at 15.7 percent. Along with this, the net profit margin is 5.5 percent.
On 11th of January, Petroleo Brasileiro S.A. – Petrobras (NYSE:PBR) shares ended lower after a volatile session. The shares dropped -0.19 points or -1.23 percent at $15.29 with a light trade volume of 10.191 million shares. After opening the session at $15.22, the shares went as high as $15.36 and as low as $15.115, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $95.7 billion and now has 6.26 billion shares outstanding. Petroleo Brasileiro S.A. – Petrobras (PBR) stock has gained 13.99 percent of market value in 21 trading days.
PBR stock has a trailing 3-year beta of 1.55, offering the possibility of a higher rate of return, but also posing more risk. The portion of a company’s profit allocated to each outstanding share of common stock was $0.75 a share in the trailing twelve months. The stock’s value has surged 17.52 percent year to date (YTD) against a rise of 39.74 percent in 12 month’s time. The company’s shares still trade -10.23 percent away from its 1-year high of $17.03 and 70.89 percent up from 52-week low of $8.95. The average consensus rating on the company is 2.6, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.