Petrobras stock has outperformed its energy sector peers since early August, corroborating my bullish bias. PBR's solid profitability and robust dividend yields have likely mitigated concerns over increased political interference by the Lula administration.
In the latest trading session, Petrobras (PBR) closed at $14.56, marking a -1.95% move from the previous day.
The main focus of Brazil state-run oil firm Petrobras remains in its home country, its director of exploration and production said on Thursday, adding that Brazil was a priority even as it intends to expand into Africa.
PBR's contract with Constellation involves two ultra-deepwater drillships, Laguna Star and Tidal Action, expected to begin new contracts in third-quarter 2025.
Brazil's Petrobras is expected to seek the entire 40% stake of Namibia's Mopane oil and gas exploration block put up for sale by Portugal's Galp, a director at the state-run oil firm said on Monday.
TotalEnergies is in talks with Brazilian state-run oil firm Petrobras to jointly explore potential business opportunities outside Brazil, Chief Executive Patrick Pouyanne said on Monday.
Petrobras is a highly profitable Brazilian energy firm with a significant EBITDA size. The firm is also growing its production and has attractive capital return potential. Petrobras generates a high amount of free cash flow and offers dividend investors a healthy ~13% yield. Trading at a forward P/E ratio of 4.4X, Petrobras is undervalued, even when considering government control and currency devaluation risks.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Petrobras (PBR) closed at $14.66 in the latest trading session, marking a +0.55% move from the prior day.
PBR's new plan places a higher emphasis on its upstream operations in a bid to rebuild reserves.
PBR's CFO outlines a "realistic" 2025-2029 plan with a potential debt ceiling increase and a focus on expanding oil and gas reserves.
Petrobras (PBR) concluded the recent trading session at $14.53, signifying a +0.62% move from its prior day's close.