PBR
$19.17
Petróleo Brasileiro S.A.
Recent News
Petrobras Moves to Buy Petronas Stake in Campos Basin Offshore Fields
Petrobras has exercised its preemptive rights to acquire Petronas’ 50% stake in the Tartaruga Verde and Espadarte Module III offshore fields for $450 million.
Petrobras Plans to Hike Diesel Prices as Global Oil Market Tightens
PBR announces to hike diesel prices by 0.38 reais per liter as rising global oil costs pressure Brazil's fuel market, while tax cuts soften the impact on consumers.
Is Petróleo Brasileiro S.A. – Petrobras (PBR) A Good Stock To Buy Now?
Is PBR a good stock to buy? We came across a bullish thesis on Petróleo Brasileiro S.A. – Petrobras on Aurelion Research’s Substack. In this article, we will summarize the bulls’ thesis on PBR. Petróleo Brasileiro S.A. – Petrobras’s share was trading at $16.96 as of March 3rd. PBR’s trailing and forward P/E were 8.03 and 6.57, respectively […]
Petróleo Brasileiro S.A. (PBR) Gets Downgraded to Hold From Buy by Jefferies – Here’s Why
Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) is one of the most undervalued energy stocks to buy now. Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) was downgraded to Hold from Buy by Jefferies on March 13, with the firm bringing the price target on the stock down to $19 from $20.30. The firm told investors that the […]
Petrobras downgraded to Hold at Jefferies on Brazil oil export tax
As previously reported, Jefferies analyst Alejandro Anibal Demichelis downgraded Petrobras (PBR) to Hold from Buy with a price target of $19, down from $20.30, after the Brazilian government announced a temporary 12% oil export tax along with a cut in fuel taxes and diesel subsidies to contain the inflationary impact of the Iran war. While noting that Petrobras could offset part of the export tax by improving refining margins, the firm sees this news materially removing its oil price leverage an