PBR Stock Recent News
PBR LATEST HEADLINES
I'm upgrading Petrobras back to "Buy" due to higher-than-expected FCF yield and business resilience despite struggling commodities markets. Q2 results show increased net revenues, strong cash flow, and operational efficiency, with notable production and refining achievements. Petrobras maintains low-cost production and high FCF yields, supported by unique pre-salt assets and strategic investments in exploration and renewable energy.
Petrobras (PBR) stock price has moved sideways in the past few months as traders focused on the ongoing oil and gas volatility. Its American ADRs were trading at $15 on Tuesday, down by over 10% from its highest point this year, meaning that it is in a correction.
24/7 Wall Street Insights American Depositary Receipts (ADR) are official US certificates representing shares in foreign companies that can trade as stocks in the US on American stock exchanges.
PBR believes that collaborating with Staatsolie might result in the adoption of more sustainable oil and gas practices, making its operations more resilient to climate change.
Petrobras: Still Too Cheap For Buyers To Ignore
In the latest trading session, Petrobras (PBR) closed at $14.56, marking a -1.95% move from the previous day.
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.
FTI bags two major contracts from Petrobras to enhance subsea production systems, extending its expertise in Brazil's pre-salt oil fields.
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.