Recent extremely important negative changes in fundamentals have affected Petroleo Brasileiro SA Petrobras (NYSE: PBR): significant quarterly sales deceleration occurred, significant quarterly earnings deceleration occurred, the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2023 decreased significantly.
Recent exceptional negative changes in investment behavior have affected Petroleo Brasileiro SA Petrobras (NYSE: PBR): its shorter term price trend turned down, and the stock fell on very heavy volume.
In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
PBR’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Petroleo Brasileiro S.A.- Petrob has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Petroleo Brasileiro S.A.- Petrob has a good Power Rating of 80 and a very high Appreciation Score of 92, resulting in the Highest Value Trend Rating.
Recent Price Action
Petroleo Brasileiro SA Petrobras (NYSE: PBR) stock closed at $14.56 on 3/11/24 after a modest decline of -1.5%. Moreover, trading volume in this decline was exceptionally high at 226% of normal. The stock has declined -12.7% during the last week but has been exceptionally strong relative to the market over the last nine months.
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