Petróleo Brasileiro S.A. - Petrobras Stock Price Target and Analyst Ratings (NYSE:PBR)

Analyst Price Target for PBR

i We calculate consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). Our consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. Our consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

^$10.66

▲ +31.28% Upside Potential

This price target is based on 9 analysts offering 12 month price targets for Petróleo Brasileiro S.A. - Petrobras in the last 3 months. The average price target is $10.66, with a high forecast of $14.00 and a low forecast of $9.00. The average price target represents a 31.28% upside from the last price of $8.12.

Hold

The current consensus among 9 contributing investment analysts is to hold stock in Petróleo Brasileiro S.A. - Petrobras. This Hold consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

0 strong buy ratings
2 buy ratings
2 hold ratings
3 sell ratings

Ratings as of

10/25/2019

0 strong buy ratings
2 buy ratings
2 hold ratings
2 sell ratings

Ratings as of

1/23/2020

0 strong buy ratings
1 buy ratings
2 hold ratings
0 sell ratings

Ratings as of

4/22/2020

0 strong buy ratings
0 buy ratings
3 hold ratings
1 sell ratings

Ratings as of

7/21/2020

0 strong buy ratings
0 buy ratings
3 hold ratings
1 sell ratings

Ratings as of

10/19/2020

0 strong buy ratings
0 buy ratings
3 hold ratings
1 sell ratings

Ratings as of

1/17/2021

0 strong buy ratings
0 buy ratings
4 hold ratings
4 sell ratings

Ratings as of

3/18/2021

0 strong buy ratings
0 buy ratings
5 hold ratings
4 sell ratings

Ratings as of

4/17/2021

Latest Recommendations

Show Most Recent Rating from Each Ratings Firm Show All Ratings

Date	Brokerage	Action	Rating	Price Target	Impact on Share Price	Details
4/14/2021	The Goldman Sachs Group	Downgrade	Buy ➝ Neutral	$10.30	High	i
3/22/2021	Bank of America	Upgrade	Underperform ➝ Neutral		Medium	i
3/15/2021	Bank of America	Upgrade	Underperform ➝ Neutral		Low	i
2/22/2021	Grupo Santander	Downgrade	Buy ➝ Hold		High	i
2/22/2021	UBS Group	Downgrade	Neutral ➝ Underperform	$13.00 ➝ $9.00	High	i
2/22/2021	Credit Suisse Group	Downgrade	Outperform ➝ Underperform		High	i
2/22/2021	Bank of America	Downgrade	Buy ➝ Underperform	$11.00	High	i
2/22/2021	JPMorgan Chase & Co.	Downgrade	Overweight ➝ Underweight	$17.00 ➝ $9.00	High	i
2/22/2021	Scotiabank	Downgrade	Sector Outperform ➝ Sector Perform	$15.25 ➝ $14.00	High	i
2/8/2021	Bradesco Corretora	Downgrade	Outperform ➝ Neutral		Low	i
7/22/2020	Scotiabank	Boost Price Target	Sector Outperform	$12.50 ➝ $13.00	Low	i
5/18/2020	Raymond James	Downgrade	Market Perform ➝ Underperform		High	i
5/14/2020	Bank of America	Downgrade	Buy ➝ Neutral	$10.00 ➝ $7.50	Medium	i
5/8/2020	Bradesco Corretora	Upgrade	Neutral ➝ Outperform		Medium	i
4/29/2020	Scotiabank	Upgrade	Sector Perform ➝ Outperform		High	i
4/17/2020	Bank of America	Lower Price Target	Buy	$11.00 ➝ $10.00	High	i
7/11/2019	The Goldman Sachs Group	Initiated Coverage	Buy ➝ Buy		Medium	i
7/8/2019	Citigroup	Reiterated Rating	Buy ➝ Buy	$20.20 ➝ $23.00	Medium	i
7/3/2019	Bank of America	Initiated Coverage	Buy	$21.00	Low	i
4/8/2019	Credit Suisse Group	Upgrade	Neutral ➝ Outperform	$15.00 ➝ $21.00	Medium	i Rating by Regis Cardoso at Credit Suisse Group AG
3/14/2019	HSBC	Upgrade	Hold ➝ Buy		Low	i
2/12/2019	UBS Group	Upgrade	Neutral ➝ Buy		Low	i
1/31/2019	Credit Suisse Group	Reiterated Rating	Hold	$15.00	High	i Rating by Regis Cardoso at Credit Suisse Group AG
1/10/2019	Barclays	Downgrade	Overweight ➝ Underweight	$17.00	Low	i
12/6/2018	Credit Suisse Group	Reiterated Rating	Hold	$15.00	Low	i Rating by Regis Cardoso at Credit Suisse Group AG
11/26/2018	UBS Group	Upgrade	Market Perform ➝ Outperform		Medium	i Rating by Luiz Carvalho at UBS Group AG
11/5/2018	Credit Suisse Group	Set Price Target	Hold	$15.00	Low	i Rating by Regis Cardoso at Credit Suisse Group AG
10/30/2018	Credit Suisse Group	Set Price Target	Hold	$15.00	Medium	i Rating by Regis Cardoso at Credit Suisse Group AG
10/23/2018	Morgan Stanley	Upgrade	Equal Weight ➝ Overweight	$22.00	Low	i Rating by Bruno Montanari at Morgan Stanley
10/8/2018	UBS Group	Upgrade	Neutral ➝ Outperform		High	i Rating by Luiz Carvalho at UBS Group AG
10/8/2018	Santander	Upgrade	Hold ➝ Buy		High	i
10/8/2018	Bank of America	Upgrade	Neutral ➝ Buy	$20.00	High	i Rating by Frank McGann at Bank of America Co.
10/8/2018	JPMorgan Chase & Co.	Upgrade	Neutral ➝ Overweight	$14.00 ➝ $17.00	Low	i Rating by Rodolfo Angele at JPMorgan Chase & Co.
9/6/2018	Credit Suisse Group	Set Price Target	Hold	$15.00	Low	i Rating by Regis Cardoso at Credit Suisse Group AG
8/8/2018	Societe Generale	Boost Price Target	Hold	$11.00 ➝ $13.50	Medium	i
7/11/2018	Barclays	Upgrade	Underweight ➝ Overweight	$14.00	Medium	i
6/11/2018	Raymond James	Upgrade	Underperform ➝ Market Perform		Low	i
6/8/2018	UBS Group	Downgrade	Buy ➝ Neutral		Low	i
6/4/2018	Credit Suisse Group	Set Price Target	Hold	$15.00	Medium	i Rating by Regis Cardoso at Credit Suisse Group AG
6/4/2018	Societe Generale	Downgrade	Buy ➝ Hold		Low	i
6/1/2018	JPMorgan Chase & Co.	Downgrade	Overweight ➝ Neutral		High	i
5/30/2018	Santander	Downgrade	Buy ➝ Hold		Low	i
5/24/2018	UBS Group	Downgrade	Outperform ➝ Market Perform		High	i
5/24/2018	Morgan Stanley	Downgrade	Overweight ➝ Equal Weight	$13.00	High	i
5/24/2018	Credit Suisse Group	Downgrade	Outperform ➝ Hold	$11.00	High	i Rating by Andre Natal at Credit Suisse Group AG
5/24/2018	Bank of America	Downgrade	Buy ➝ Neutral		High	i Rating by Frank McGann at Bank of America Co.
5/10/2018	Bank of America	Upgrade	Neutral ➝ Buy		High	i
5/9/2018	Societe Generale	Upgrade	Hold ➝ Buy		High	i
5/8/2018	Credit Suisse Group	Set Price Target	Hold	$15.00	High	i Rating by Andre Natal at Credit Suisse Group AG
4/23/2018	Raymond James	Downgrade	Market Perform ➝ Underperform	$14.30	Medium	i
4/22/2018	Credit Suisse Group	Set Price Target	Hold	$15.00	Low	i Rating by Andre Natal at Credit Suisse Group AG
3/12/2018	Credit Suisse Group	Reiterated Rating	Hold	$15.00	Low	i Rating by Andre Natal at Credit Suisse Group AG
2/1/2018	The Goldman Sachs Group	Upgrade	Sell ➝ Neutral		Medium	i
1/29/2018	Credit Suisse Group	Set Price Target	Hold	$15.00	Medium	i Rating by Andre Natal at Credit Suisse Group AG
1/23/2018	HSBC	Downgrade	Buy ➝ Hold		Low	i
1/18/2018	Credit Suisse Group	Downgrade	Hold	$12.00	Low	i Rating by Andre Natal at Credit Suisse Group AG
12/25/2017	Credit Suisse Group	Set Price Target	Buy	$12.00	Low	i Rating by Andre Natal at Credit Suisse Group AG
10/18/2017	Societe Generale	Downgrade	Buy ➝ Hold	$10.51 ➝ $11.00	N/A	i
10/10/2017	Barclays	Set Price Target	Sell	$8.00 ➝ $10.00	N/A	i
10/4/2017	Raymond James	Reiterated Rating	Market Perform		Low	i
10/4/2017	Barclays	Reiterated Rating	Underweight	$8.00	Low	i
9/15/2017	Credit Suisse Group	Reiterated Rating	Buy		Low	i Rating by Andre Natal at Credit Suisse Group AG
9/1/2017	Deutsche Bank Aktiengesellschaft	Upgrade	Sell ➝ Hold		Low	i
8/15/2017	Raymond James	Reiterated Rating	Market Perform		Low	i
8/11/2017	Credit Suisse Group	Set Price Target	Buy	$12.00	Low	i Rating by Andre Natal at Credit Suisse Group AG
8/5/2017	Credit Suisse Group	Set Price Target	Buy	$12.00	Low	i Rating by Andre Natal at Credit Suisse Group AG
7/12/2017	Barclays	Reiterated Rating	Underweight	$11.00 ➝ $8.00	High	i
6/6/2017	Credit Suisse Group	Set Price Target	Buy	$12.00	Low	i Rating by Andre Natal at Credit Suisse Group AG
5/28/2017	Credit Suisse Group	Set Price Target	Buy	$12.00	Medium	i Rating by Andre Natal at Credit Suisse Group AG
5/15/2017	Credit Suisse Group	Reiterated Rating	Buy	$12.00	Medium	i Rating by Andre Natal at Credit Suisse Group AG
5/5/2017	Credit Suisse Group	Reiterated Rating	Buy	$12.00	High	i Rating by Andre Natal at Credit Suisse Group AG
4/24/2017	Credit Suisse Group	Reiterated Rating	Buy	$11.00	Low	i Rating by Andre Natal at Credit Suisse Group AG
4/18/2017	Credit Suisse Group	Reiterated Rating	Buy	$11.00	High	i Rating by Andre Natal at Credit Suisse Group AG
3/24/2017	Societe Generale	Upgrade	Hold ➝ Buy		Low	i
3/22/2017	Credit Suisse Group	Upgrade	Neutral ➝ Outperform	$11.00	Medium	i Rating by Andre Natal at Credit Suisse Group AG
3/16/2017	Credit Suisse Group	Set Price Target	Hold	$11.00	High	i Rating by Andre Natal at Credit Suisse Group AG
3/6/2017	Credit Suisse Group	Reiterated Rating	Hold	$11.00	N/A	i Rating by Andre Natal at Credit Suisse Group AG
2/13/2017	Credit Suisse Group	Reiterated Rating	Hold	$11.00	N/A	i Rating by Andre Natal at Credit Suisse Group AG
2/13/2017	JPMorgan Chase & Co.	Upgrade	Neutral ➝ Overweight	$10.42 ➝ $10.63	N/A	i
2/4/2017	Credit Suisse Group	Set Price Target	Hold	$11.00	N/A	i Rating by Andre Natal at Credit Suisse Group AG
2/1/2017	Barclays	Reiterated Rating	Underweight	$11.00	N/A	i
12/25/2016	Credit Suisse Group	Set Price Target	Hold	$11.00	N/A	i Rating by Andre Natal at Credit Suisse Group AG
11/30/2016	Scotiabank	Reiterated Rating	Sector Perform		N/A	i
11/17/2016	Tudor Pickering	Downgrade	Buy ➝ Hold		N/A	i
11/17/2016	Societe Generale	Reiterated Rating	Hold		N/A	i
11/14/2016	Scotiabank	Initiated Coverage	Sector Perform		N/A	i
11/10/2016	Barclays	Reiterated Rating	Equal Weight	$11.00	N/A	i
10/10/2016	Barclays	Reiterated Rating	Underweight	$9.00 ➝ $10.00	N/A	i
10/6/2016	Morgan Stanley	Reiterated Rating	Overweight	$10.00 ➝ $13.00	N/A	i
10/5/2016	Citigroup	Upgrade	Neutral ➝ Buy	$7.80 ➝ $12.00	N/A	i
9/26/2016	Credit Suisse Group	Lower Price Target	Neutral	$11.00 ➝ $8.60	N/A	i Rating by Andre Natal at Credit Suisse Group AG
9/22/2016	Barclays	Reiterated Rating	Underweight	$9.00	N/A	i
9/21/2016	Raymond James	Upgrade	Underperform ➝ Market Perform	$2.71 ➝ $9.22	N/A	i Rating by Pavel Molchanov at Raymond James
9/15/2016	Macquarie	Upgrade	Underperform ➝ Neutral		N/A	i
9/13/2016	Tudor Pickering	Downgrade	Buy ➝ Hold		N/A	i
8/26/2016	Credit Suisse Group	Upgrade	Underperform ➝ Neutral	$2.00 ➝ $8.60	N/A	i Rating by Andre Natal at Credit Suisse Group AG
8/15/2016	Barclays	Reiterated Rating	Underweight	$9.00	N/A	i
8/12/2016	Morgan Stanley	Reiterated Rating	Overweight	$10.00	N/A	i Rating by Bruno Montanari at Morgan Stanley
7/13/2016	Barclays	Downgrade	Equal Weight ➝ Underweight	$7.50 ➝ $9.00	N/A	i
7/7/2016	Morgan Stanley	Upgrade	Equal Weight ➝ Overweight	$9.50	N/A	i Rating by Bruno Montanari at Morgan Stanley
6/13/2016	Morgan Stanley	Reiterated Rating	Equal Weight		N/A	i Rating by Bruno Montanari at Morgan Stanley
6/13/2016	Credit Suisse Group	Reiterated Rating	Sell	$2.00	N/A	i Rating by Andre Natal at Credit Suisse Group AG
6/7/2016	Citigroup	Initiated Coverage	Reduce		N/A	i
5/24/2016	JPMorgan Chase & Co.	Upgrade	Underweight ➝ Neutral	$5.80 ➝ $7.40	N/A	i
5/22/2016	Credit Suisse Group	Reiterated Rating	Sell		N/A	i Rating by Andre Natal at Credit Suisse Group AG
5/19/2016	Raymond James	Downgrade	Market Perform ➝ Underperform		N/A	i
5/17/2016	Barclays	Reiterated Rating	Equal Weight		N/A	i
5/14/2016	Credit Suisse Group	Reiterated Rating	Sell		N/A	i Rating by Andre Natal at Credit Suisse Group AG
5/13/2016	Bank of America	Reiterated Rating	Neutral	$7.50	N/A	i Rating by Frank McGann at Bank of America Co.
5/2/2016	Credit Suisse Group	Reiterated Rating	Sell		N/A	i Rating by Andre Natal at Credit Suisse Group AG

(Data available from 4/18/2016 forward)

PetrÃ³leo Brasileiro S.A. - Petrobras produce and sells oil and gas 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. The company operates through Exploration and Production; Refining, Transportation and Marketing; Gas and Power; and Corporate and Other Businesses segments. The Exploration and Production segment explores for, develops, and produces crude oil, natural gas liquids, and natural gas primarily for supplies to the its domestic refineries. The Refining, Transportation and Marketing segment is involved in the refining, logistics, transport, and trading of crude oil and oil products; exportation of ethanol; and extraction and processing of shale, as well as holding interests in petrochemical companies. The Gas and Power segment engages in the logistic and trading of natural gas and liquid natural gas; generation of electricity through thermoelectric power plants; holding interests in transportation and distribution of natural gas; and fertilizer business operations. The Corporate and Other Businesses segment produces biodiesel and its co-products, and ethanol; and distributes oil products. PetrÃ³leo Brasileiro S.A. - Petrobras was founded in 1953 and is headquartered in Rio de Janeiro, Brazil.

Today's Range

Now: $8.12

$7.91

$8.16

50 Day Range

MA: $8.11

$7.21

$8.49

52 Week Range

Now: $8.12

$5.51

$11.89

Volume

30,800,239 shs

Average Volume

38,180,316 shs

Market Capitalization

$52.96 billion

P/E Ratio

6.88

Dividend Yield

1.06%

Beta

2.04

Frequently Asked Questions

What sell-side analysts currently cover shares of Petróleo Brasileiro S.A. - Petrobras?

The following Wall Street sell-side analysts have issued reports on Petróleo Brasileiro S.A. - Petrobras in the last year: Bank of America Co., Bradesco Corretora, Credit Suisse Group AG, Grupo Santander, JPMorgan Chase & Co., Raymond James, Scotiabank, The Goldman Sachs Group, Inc., TheStreet, and UBS Group AG.
View the latest analyst ratings for PBR.

What is the current price target for Petróleo Brasileiro S.A. - Petrobras?

5 Wall Street analysts have set twelve-month price targets for Petróleo Brasileiro S.A. - Petrobras in the last year. Their average twelve-month price target is $10.66, suggesting a possible upside of 31.3%. Scotiabank has the highest price target set, predicting PBR will reach $14.00 in the next twelve months. UBS Group AG has the lowest price target set, forecasting a price of $9.00 for Petróleo Brasileiro S.A. - Petrobras in the next year.
View the latest price targets for PBR.

What is the current consensus analyst rating for Petróleo Brasileiro S.A. - Petrobras?

Petróleo Brasileiro S.A. - Petrobras currently has 4 sell ratings and 5 hold ratings from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in PBR, but not buy more shares or sell existing shares.
View the latest ratings for PBR.

What other companies compete with Petróleo Brasileiro S.A. - Petrobras?

Other companies that are similar to Petróleo Brasileiro S.A. - Petrobras include Total, PetroChina, CNOOC, PETROLEO BRASIL/S, ENI, EOG Resources, Canadian Natural Resources, Pioneer Natural Resources, The Hong Kong and China Gas, Ecopetrol, RWE Aktiengesellschaft, Denbury, Occidental Petroleum, Woodside Petroleum and Cenovus Energy.

How do I contact Petróleo Brasileiro S.A. - Petrobras' investor relations team?

Petróleo Brasileiro S.A. - Petrobras' physical mailing address is AVENIDA REPUBLICA DO CHILE 65, RIO DE JANERIO RJ BR D5, 20031-912. The oil and gas exploration company's listed phone number is 55-21-534-4477 and its investor relations email address is [email protected] The official website for Petróleo Brasileiro S.A. - Petrobras is www.petrobras.com.br.

NYSE:PBR - Petróleo Brasileiro S.A. - Petrobras Stock Price Target and Predictions

Analyst Price Target for PBR

Past Monthly Recommendations

Latest Recommendations

Today's Range

50 Day Range

52 Week Range

Volume

Average Volume

Market Capitalization

P/E Ratio

Dividend Yield

Beta

Frequently Asked Questions

What sell-side analysts currently cover shares of Petróleo Brasileiro S.A. - Petrobras?

What is the current price target for Petróleo Brasileiro S.A. - Petrobras?

What is the current consensus analyst rating for Petróleo Brasileiro S.A. - Petrobras?

What other companies compete with Petróleo Brasileiro S.A. - Petrobras?

How do I contact Petróleo Brasileiro S.A. - Petrobras' investor relations team?