Petrobras (PBR) reached $12.91 at the closing of the latest trading day, reflecting a +1.18% change compared to its last close.
Latest dividend declarations foretell less pressured earnings at Suncor Energy Inc. compared to Petróleo Brasileiro S.A. - Petrobras. Other considerations also support a more favorable outlook for SU. These considerations include PBR's higher payout ratio, lower asset turnover, and also heavier debt burden when compared to SU.
PBR's second-quarter results may reflect stronger oil and gas output, but maintenance losses can weigh on earnings.
PBR is delivering strong profits, rising production, and a 14% dividend yield, all while trading at just 4.7x earnings and near book value. Production growth is driven by highly profitable pre-salt assets and new FPSOs, with downstream expansion and international exploration adding further upside. Aggressive but focused capex is fueling growth, backed by robust operating cash flow, and a healthy balance sheet.
Zacks.com users have recently been watching Petrobras (PBR) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
In the latest trading session, Petrobras (PBR) closed at $12.84, marking a +2.31% move from the previous day.
Brazilian state-run oil firm Petrobras may redirect the oil it sells to the United States, sending more to Asia and Pacific markets due to higher tariffs the U.S. announced on Brazil, its chief executive told Reuters on Thursday.
PBR plans to rejoin Brazil's fuel retail sector to address inflated pump prices and regain state control over the fuel distribution chain.
PBR invites bids for 11 walk-to-work vessels to boost offshore operations, signaling long-term investment in Brazil's energy infrastructure.
PBR inks $84 million deal with Solstad Offshore to secure the Normand Turquesa AHTS vessel through 2030 for deepwater support.
In the latest trading session, Petrobras (PBR) closed at $13.13, marking a +2.34% move from the previous day.
PBR's state-run status has triggered its deeply discounted valuations - a critical factor that is further supported by the rich spreads against the low break-even point. These reasons are why the contested stock remains a compelling dividend story, especially since it offers double-digits yields and generous payouts. Thanks to the normalization in crude oil spot prices, the PBR management will also be revising its 5Y capex plans downwards, with it implying further Free Cash Flow tailwinds.