Petroleo Brasileiro SA Petrobras (NYSE: PBR) has recently experienced notable negative changes in fundamentals. Negative developments: the stock’s power rating fell below 50, significant quarterly earnings deceleration occurred, significant quarterly sales deceleration occurred, and the consensus estimate for December, 2024 decreased significantly. Positive development: the consensus estimate for December, 2025 increased significantly.
Petroleo Brasileiro SA Petrobras (NYSE: PBR) has recently experienced meaningful negative changes in investment behavior: its longer term price trend turned down.
In light of these highly negative signals we are reviewing our current Overall Rating of B. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, PBR is expected to continue to be a major Value Builder.
Petroleo Brasileiro S.A.- Petrob has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Petroleo Brasileiro S.A.- Petrob has a very high Appreciation Score of 91 but a neutral Power Rating of 40, producing the Positive Value Trend Rating.
Recent Price Action
On 7/22/24, Petroleo Brasileiro SA Petrobras (NYSE: PBR) stock declined modestly by -1.3%, closing at $14.75. However, below average trading volume at 69% of normal accompanied the decline. Relative to the market the stock has been weak over the last nine months and has declined -2.3% during the last week.
Be the first to comment