PBR receives ANP approval to import up to 180 million cubic meters of natural gas per year from Argentina's Vaca Muerta shale.
PBR gears up for fourth-quarter results as pre-salt output hits 3,109 MBOE/d, but refining outages and weaker fuel production may weigh on margins.
Recently, Zacks.com users have been paying close attention to Petrobras (PBR). This makes it worthwhile to examine what the stock has in store.
In the closing of the recent trading day, Petrobras (PBR) stood at $16.54, denoting a +2.48% move from the preceding trading day.
From a technical perspective, Petrobras (PBR) is looking like an interesting pick, as it just reached a key level of support. PBR recently overtook the 20-day moving average, and this suggests a short-term bullish trend.
In the closing of the recent trading day, Petrobras (PBR) stood at $15.29, denoting a +1.8% move from the preceding trading day.
Petrobras (PBR) closed the most recent trading day at $15.02, moving 1.12% from the previous trading session.
In the most recent trading session, Petrobras (PBR) closed at $15.26, indicating a +2.62% shift from the previous trading day.
PBR and TotalEnergies' offshore stake acquisition deal remains unrecognized by Namibia until mandatory approvals are secured under local petroleum laws.
Namibia is concerned that TotalEnergies and Petrobras had acquired new offshore positions in the Luderitz Basin without informing the energy ministry or getting the necessary approval, it said in a statement on Sunday.
Petrobras is my top pick for 2026, upgraded from hold to buy, driven by macro, sector, and company-specific catalysts. PBR trades at a significant valuation discount to global peers, despite superior margins, returns, and double-digit dividend yields. Potential new oil discoveries at the Amazon River mouth could replicate the transformative impact of past pre-salt finds.
In the closing of the recent trading day, Petrobras (PBR) stood at $15.28, denoting a +1.66% move from the preceding trading day.