Analysts Anticipate PETROLEO BRASIL/ADR (NYSE:PBR) to Announce $0.29 Earnings Per Share

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Wall Street analysts expect that PETROLEO BRASIL/ADR (NYSE:PBR) will announce earnings per share (EPS) of $0.29 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for PETROLEO BRASIL/ADR’s earnings, with estimates ranging from $0.25 to $0.32. PETROLEO BRASIL/ADR reported earnings of $0.32 per share during the same quarter last year, which indicates a negative year over year growth rate of 9.4%. The business is scheduled to issue its next quarterly earnings results on Wednesday, February 26th.

According to Zacks, analysts expect that PETROLEO BRASIL/ADR will report full year earnings of $1.14 per share for the current year, with EPS estimates ranging from $1.05 to $1.22. For the next year, analysts anticipate that the firm will post earnings of $1.09 per share, with EPS estimates ranging from $0.48 to $1.44. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow PETROLEO BRASIL/ADR.

Separately, ValuEngine cut PETROLEO BRASIL/ADR from a “buy” rating to a “hold” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. PETROLEO BRASIL/ADR has a consensus rating of “Buy” and an average target price of $20.20.

NYSE:PBR traded down $0.75 on Friday, hitting $15.31. 30,544,707 shares of the stock were exchanged, compared to its average volume of 14,335,659. The stock has a market capitalization of $99.86 billion, a price-to-earnings ratio of 10.71 and a beta of 1.45. PETROLEO BRASIL/ADR has a 52 week low of $11.89 and a 52 week high of $17.90. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.87 and a current ratio of 1.10. The company’s 50-day moving average price is $15.51 and its 200 day moving average price is $14.97.

The business also recently declared a dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Wednesday, November 13th will be paid a $0.085 dividend. The ex-dividend date is Tuesday, November 12th. This is a boost from PETROLEO BRASIL/ADR’s previous dividend of $0.02. PETROLEO BRASIL/ADR’s dividend payout ratio is 23.78%.

Hedge funds have recently made changes to their positions in the company. Lindbrook Capital LLC increased its stake in shares of PETROLEO BRASIL/ADR by 91.5% in the 3rd quarter. Lindbrook Capital LLC now owns 2,581 shares of the oil and gas exploration company’s stock valued at $37,000 after acquiring an additional 1,233 shares during the last quarter. KCS Wealth Advisory bought a new stake in shares of PETROLEO BRASIL/ADR in the 3rd quarter valued at about $83,000. Quantum Capital Management bought a new stake in shares of PETROLEO BRASIL/ADR in the 3rd quarter valued at about $122,000. Westwood Holdings Group Inc. bought a new stake in shares of PETROLEO BRASIL/ADR in the 2nd quarter valued at about $133,000. Finally, Corient Capital Partners LLC bought a new stake in shares of PETROLEO BRASIL/ADR in the 2nd quarter valued at about $159,000. 7.65% of the stock is owned by institutional investors.

About PETROLEO BRASIL/ADR

PetrĂ³leo Brasileiro SA – Petrobras operates in the oil, natural gas, and energy industries in Brazil and internationally. It engages in prospecting, drilling, refining, processing, trading, and transporting crude oil from producing onshore and offshore oil fields and shale or other rocks, as well as oil products, natural gas, and other liquid hydrocarbons.

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