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

  • Consensus Rating: Hold
  • Consensus Price Target: $16.33
  • Forecasted Upside: 10.16%
  • Number of Analysts: 9
  • Breakdown:
  • 0 Sell Ratings
  • 5 Hold Ratings
  • 4 Buy Ratings
  • 0 Strong Buy Ratings
$14.82
▼ -0.07 (-0.47%)

This chart shows the closing price for PBR by one month, three months, or twelve months.

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Analyst Price Target for PBR

Analyst Price Target is $16.33
▲ +10.16% 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 $16.33, with a high forecast of $18.00 and a low forecast of $14.00. The average price target represents a 10.16% upside from the last price of $14.82.

This chart shows the closing price for PBR for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is 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

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 4 buy ratings
  • 5 hold ratings
  • 0 sell ratings
12/2/2022
  • 0 strong buy ratings
  • 4 buy ratings
  • 5 hold ratings
  • 0 sell ratings
3/2/2023
  • 0 strong buy ratings
  • 4 buy ratings
  • 5 hold ratings
  • 0 sell ratings
5/31/2023
  • 0 strong buy ratings
  • 4 buy ratings
  • 5 hold ratings
  • 0 sell ratings
8/29/2023
  • 0 strong buy ratings
  • 4 buy ratings
  • 5 hold ratings
  • 0 sell ratings
11/27/2023
  • 0 strong buy ratings
  • 4 buy ratings
  • 5 hold ratings
  • 0 sell ratings
2/25/2024
  • 0 strong buy ratings
  • 4 buy ratings
  • 5 hold ratings
  • 0 sell ratings
4/25/2024
  • 0 strong buy ratings
  • 4 buy ratings
  • 5 hold ratings
  • 0 sell ratings
5/25/2024

Latest Recommendations

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

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
5/15/2024Jefferies Financial GroupDowngradeBuy ➝ Hold$21.20 ➝ $17.70Low
3/25/2024UBS GroupBoost TargetBuy ➝ Buy$17.20 ➝ $17.40Low
3/25/2024HSBCUpgradeHold ➝ Buy$18.00Low
3/11/2024Morgan StanleyDowngradeOverweight ➝ Equal Weight$20.00 ➝ $18.00Low
3/8/2024Bank of AmericaDowngradeBuy ➝ Neutral$16.00Low
10/13/2023HSBCUpgradeHold ➝ BuyLow
9/21/2023Jefferies Financial GroupInitiated CoverageBuy$21.20Low
9/8/2023Bradesco CorretoraUpgradeNeutral ➝ Outperform$15.00Low
8/24/2023UBS GroupUpgradeNeutral ➝ Buy$13.10 ➝ $17.50Low
8/23/2023Bank of AmericaUpgradeNeutral ➝ BuyLow
8/11/2023UBS GroupUpgradeSell ➝ NeutralLow
8/10/2023HSBCDowngradeBuy ➝ Hold$13.00Low
8/10/2023CitigroupDowngradeBuy ➝ Neutral$19.00 ➝ $14.00Low
8/4/2023JPMorgan Chase & Co.DowngradeOverweight ➝ Neutral$15.00 ➝ $14.50Low
7/27/2023Bradesco CorretoraReiterated RatingOutperform ➝ Neutral$10.00Low
6/20/2023The Goldman Sachs GroupUpgradeNeutral ➝ BuyLow
6/12/2023JPMorgan Chase & Co.UpgradeNeutral ➝ Overweight$11.50 ➝ $15.50Low
6/7/2023Morgan StanleyUpgradeEqual Weight ➝ Overweight$12.50 ➝ $16.50Low
12/21/2022The Goldman Sachs GroupLower TargetNeutral$13.60 ➝ $11.00Low
12/13/2022Bradesco CorretoraDowngradeOutperform ➝ NeutralLow
11/21/2022UBS GroupDowngradeBuy ➝ SellLow
11/4/2022The Goldman Sachs GroupDowngradeBuy ➝ Neutral$13.60 ➝ $12.30Low
10/31/2022JPMorgan Chase & Co.DowngradeOverweight ➝ Neutral$20.00 ➝ $14.00Low
10/27/2022The Goldman Sachs GroupBoost TargetBuy$13.00 ➝ $14.70Low
10/17/2022Credit Suisse GroupDowngradeOutperform ➝ Neutral$20.00 ➝ $16.00Low
8/30/2022Itaú UnibancoDowngradeMarket Perform$14.50Low
8/30/2022Itau BBA SecuritiesDowngradeOutperform ➝ Market Perform$14.50Low
3/8/2022Bank of AmericaDowngradeBuy ➝ NeutralLow
12/15/2021The Goldman Sachs GroupUpgradeNeutral ➝ Buy$14.20Medium
11/16/2021HSBCUpgradeHold ➝ BuyMedium
10/14/2021HSBCDowngradeBuy ➝ Hold$12.00Medium
8/5/2021ScotiabankUpgradeSector Perform ➝ Sector Outperform$15.50 ➝ $16.00High
8/5/2021Credit Suisse GroupUpgradeNeutral ➝ Outperform$14.00High
5/28/2021JPMorgan Chase & Co.UpgradeNeutral ➝ Overweight$11.00 ➝ $13.00High
5/14/2021Grupo SantanderUpgradeUnderperform ➝ Hold$11.00Low
5/14/2021Itau BBA SecuritiesUpgradeMarket Perform ➝ Outperform$14.00Low
4/22/2021JPMorgan Chase & Co.UpgradeUnderweight ➝ Neutral$11.00Medium
4/20/2021The Goldman Sachs GroupReiterated RatingBuy ➝ Neutral$10.30Medium
4/14/2021The Goldman Sachs GroupDowngradeBuy ➝ Neutral$10.30High
3/15/2021Bank of AmericaUpgradeUnderperform ➝ NeutralLow
2/22/2021Grupo SantanderDowngradeBuy ➝ HoldHigh
2/22/2021UBS GroupDowngradeNeutral ➝ Underperform$13.00 ➝ $9.00High
2/22/2021Credit Suisse GroupDowngradeOutperform ➝ UnderperformHigh
2/22/2021Bank of AmericaDowngradeBuy ➝ Underperform$11.00High
2/22/2021JPMorgan Chase & Co.DowngradeOverweight ➝ Underweight$17.00 ➝ $9.00High
2/22/2021ScotiabankDowngradeSector Outperform ➝ Sector Perform$15.25 ➝ $14.00High
2/8/2021Bradesco CorretoraDowngradeOutperform ➝ NeutralLow
7/22/2020ScotiabankBoost TargetSector Outperform$12.50 ➝ $13.00Low
5/18/2020Raymond JamesDowngradeMarket Perform ➝ UnderperformHigh
5/14/2020Bank of AmericaDowngradeBuy ➝ Neutral$10.00 ➝ $7.50Medium
5/8/2020Bradesco CorretoraUpgradeNeutral ➝ OutperformMedium
4/29/2020ScotiabankUpgradeSector Perform ➝ OutperformHigh
4/17/2020Bank of AmericaLower TargetBuy$11.00 ➝ $10.00High
7/11/2019The Goldman Sachs GroupInitiated CoverageBuy ➝ BuyMedium
7/8/2019CitigroupReiterated RatingBuy ➝ Buy$20.20 ➝ $23.00Medium
7/3/2019Bank of AmericaInitiated CoverageBuy$21.00Low
(Data available from 5/25/2019 forward)

News Sentiment Rating

0.14 (Hold)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 16 very positive mentions
  • 13 positive mentions
  • 1 negative mentions
  • 2 very negative mentions
10/28/2023
  • 12 very positive mentions
  • 13 positive mentions
  • 2 negative mentions
  • 4 very negative mentions
11/27/2023
  • 14 very positive mentions
  • 7 positive mentions
  • 4 negative mentions
  • 1 very negative mentions
12/27/2023
  • 18 very positive mentions
  • 15 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
1/26/2024
  • 8 very positive mentions
  • 15 positive mentions
  • 0 negative mentions
  • 1 very negative mentions
2/25/2024
  • 19 very positive mentions
  • 14 positive mentions
  • 6 negative mentions
  • 6 very negative mentions
3/26/2024
  • 6 very positive mentions
  • 27 positive mentions
  • 6 negative mentions
  • 4 very negative mentions
4/25/2024
  • 16 very positive mentions
  • 23 positive mentions
  • 13 negative mentions
  • 6 very negative mentions
5/25/2024

Current Sentiment

  • 16 very positive mentions
  • 23 positive mentions
  • 13 negative mentions
  • 6 very negative mentions

Recent Stories by Sentiment

Petróleo Brasileiro S.A. - Petrobras logo
Petróleo Brasileiro S.A. - Petrobras explores, produces, and sells oil and gas in Brazil and internationally. The company operates through Exploration and Production; Refining, Transportation and Marketing; and Gas and Power. It also 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 Exploration and Production segment explores, develops, and produces crude oil, natural gas liquids, and natural gas primarily for supplies to the domestic refineries. The Refining, Transportation and Marketing segment engages in the refining, logistics, transport, marketing, 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 is involved in the logistic and trading of natural gas and electricity; transportation and trading of LNG; generation of electricity through thermoelectric power plants; holding interests in transportation and distribution of natural gas; and fertilizer production and natural gas processing business. In addition, the company produces biodiesel and its co-products, and ethanol; and distributes oil products. Further, it engages in research, development, production, transport, distribution, and trading of energy. Petróleo Brasileiro S.A. - Petrobras was incorporated in 1953 and is headquartered in Rio de Janeiro, Brazil.
Read More

Today's Range

Now: $14.82
Low: $14.75
High: $15.03

50 Day Range

MA: $15.87
Low: $14.53
High: $17.34

52 Week Range

Now: $14.82
Low: $11.47
High: $17.91

Volume

11,539,606 shs

Average Volume

21,427,134 shs

Market Capitalization

N/A

P/E Ratio

4.31

Dividend Yield

5.64%

Beta

1.42

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, Citigroup Inc., HSBC Holdings plc, Jefferies Financial Group Inc., JPMorgan Chase & Co., Morgan Stanley, StockNews.com, The Goldman Sachs Group, Inc., and UBS Group AG.
View the latest analyst ratings for PBR.

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

8 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 $16.33, suggesting a possible upside of 10.2%. Morgan Stanley has the highest price target set, predicting PBR will reach $18.00 in the next twelve months. Citigroup Inc. has the lowest price target set, forecasting a price of $14.00 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 5 hold ratings and 4 buy 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 Ecopetrol, New Concept Energy, VOC Energy Trust, Woodside Energy Group and Shell. Learn More about companies similar to Petróleo Brasileiro S.A. - Petrobras.

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 552132244477 and its investor relations email address is [email protected]. The official website for Petróleo Brasileiro S.A. - Petrobras is www.petrobras.com.br. Learn More about contacing Petróleo Brasileiro S.A. - Petrobras investor relations.