Meaningful negative changes in Petroleo Brasileiro SA Petrobras (NYSE: PBR) fundamentals have recently occurred: significant quarterly sales deceleration occurred, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2024 decreased significantly.
Petroleo Brasileiro SA Petrobras (NYSE: PBR). Extremely significant negative changes in investment behavior have recently occurred: the stock’s recent price decline challenged its longer term uptrend, and the stock fell on very heavy volume.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Petroleo Brasileiro S.A.- Petrob has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Petroleo Brasileiro S.A.- Petrob has a very high Appreciation Score of 92 but a poor Power Rating of 17, and the Neutral Value Trend Rating results.
Recent Price Action
Petroleo Brasileiro SA Petrobras (NYSE: PBR) stock closed at $13.51 on 2/27/25 after a large decline of -5.7%. Moreover, exceptionally high trading volume at 450% of normal accompanied the decline. Relative to the market the stock has been weak over the last nine months and has declined -8.9% during the last week.
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