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

  • Consensus Rating: Hold
  • Consensus Price Target: $14.00
  • Forecasted Upside: 14.43%
  • Number of Analysts: 7
  • Breakdown:
  • 1 Sell Ratings
  • 6 Hold Ratings
  • 0 Buy Ratings
  • 0 Strong Buy Ratings
$12.24 As of 06/2/2023 01:00 AM ET
▲ +0.25 (2.09%)

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 $14.00
▲ +14.43% Upside Potential
This price target is based on 7 analysts offering 12 month price targets for Petróleo Brasileiro S.A. - Petrobras in the last 3 months. The average price target is $14.00, with a high forecast of $16.00 and a low forecast of $11.00. The average price target represents a 14.43% upside from the last price of $12.24.

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 7 polled 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
  • 2 buy ratings
  • 7 hold ratings
  • 1 sell ratings
Ratings as of
12/9/2021
  • 0 strong buy ratings
  • 2 buy ratings
  • 6 hold ratings
  • 0 sell ratings
Ratings as of
3/9/2022
  • 0 strong buy ratings
  • 2 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
6/7/2022
  • 0 strong buy ratings
  • 1 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
9/5/2022
  • 0 strong buy ratings
  • 0 buy ratings
  • 6 hold ratings
  • 1 sell ratings
Ratings as of
12/4/2022
  • 0 strong buy ratings
  • 0 buy ratings
  • 7 hold ratings
  • 1 sell ratings
Ratings as of
3/4/2023
  • 0 strong buy ratings
  • 0 buy ratings
  • 6 hold ratings
  • 1 sell ratings
Ratings as of
5/3/2023
  • 0 strong buy ratings
  • 0 buy ratings
  • 6 hold ratings
  • 1 sell ratings
Ratings as of
6/2/2023

Latest Recommendations

  • 0 strong buy ratings
  • 0 buy ratings
  • 6 hold ratings
  • 1 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
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
4/8/2019Credit Suisse GroupUpgradeNeutral ➝ Outperform$15.00 ➝ $21.00Medium
3/14/2019HSBCUpgradeHold ➝ BuyLow
2/12/2019UBS GroupUpgradeNeutral ➝ BuyLow
1/31/2019Credit Suisse GroupReiterated RatingHold$15.00High
1/10/2019BarclaysDowngradeOverweight ➝ Underweight$17.00Low
12/6/2018Credit Suisse GroupReiterated RatingHold$15.00Low
11/26/2018UBS GroupUpgradeMarket Perform ➝ OutperformMedium
11/5/2018Credit Suisse GroupSet TargetHold$15.00Low
10/30/2018Credit Suisse GroupSet TargetHold$15.00Medium
10/23/2018Morgan StanleyUpgradeEqual Weight ➝ Overweight$22.00Low
10/8/2018UBS GroupUpgradeNeutral ➝ OutperformHigh
10/8/2018SantanderUpgradeHold ➝ BuyHigh
10/8/2018Bank of AmericaUpgradeNeutral ➝ Buy$20.00High
10/8/2018JPMorgan Chase & Co.UpgradeNeutral ➝ Overweight$14.00 ➝ $17.00Low
9/6/2018Credit Suisse GroupSet TargetHold$15.00Low
8/8/2018Societe GeneraleBoost TargetHold$11.00 ➝ $13.50Medium
7/11/2018BarclaysUpgradeUnderweight ➝ Overweight$14.00Medium
6/11/2018Raymond JamesUpgradeUnderperform ➝ Market PerformLow
6/8/2018UBS GroupDowngradeBuy ➝ NeutralLow
6/4/2018Credit Suisse GroupSet TargetHold$15.00Medium
6/4/2018Societe GeneraleDowngradeBuy ➝ HoldLow
(Data available from 6/2/2018 forward)

News Sentiment Rating

0.59 (Buy)

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
  • 5 very positive mentions
  • 10 positive mentions
  • 6 negative mentions
  • 0 very negative mentions
Mentions as of
11/4/2022
  • 7 very positive mentions
  • 10 positive mentions
  • 5 negative mentions
  • 5 very negative mentions
Mentions as of
12/4/2022
  • 3 very positive mentions
  • 11 positive mentions
  • 5 negative mentions
  • 2 very negative mentions
Mentions as of
1/3/2023
  • 10 very positive mentions
  • 6 positive mentions
  • 1 negative mentions
  • 2 very negative mentions
Mentions as of
2/2/2023
  • 9 very positive mentions
  • 5 positive mentions
  • 2 negative mentions
  • 4 very negative mentions
Mentions as of
3/4/2023
  • 8 very positive mentions
  • 13 positive mentions
  • 1 negative mentions
  • 2 very negative mentions
Mentions as of
4/3/2023
  • 13 very positive mentions
  • 17 positive mentions
  • 3 negative mentions
  • 0 very negative mentions
Mentions as of
5/3/2023
  • 22 very positive mentions
  • 35 positive mentions
  • 4 negative mentions
  • 2 very negative mentions
Mentions as of
6/2/2023

Current Sentiment

  • 22 very positive mentions
  • 35 positive mentions
  • 4 negative mentions
  • 2 very negative mentions

Recent Stories by Sentiment

Very Negative

Negative

Positive

Very Positive

Petróleo Brasileiro S.A. - Petrobras logo
Petróleo Brasileiro SA engages in oil and gas exploration, production, and distribution activities. It operates through the following segments: Exploration and Production; Refining, Transportation, and Marketing; Gas and Power; and Corporate and Other Business. The Exploration and Production segment involves crude oil, natural gas liquids, and natural gas exploration, development, and production. The Refining, Transportation and Marketing segment involves refining, logistics, transportation, trading operations, oil products and crude oil exports and imports, and petrochemical investments. The Gas and Power segment includes transportation and trading of natural and liquefied natural gas, the generation and trading of electric power, and the fertilizer business. The Corporate and Other Business segment comprises the financing activities not attributable to other segments including corporate financial management, and central administrative overhead and actuarial expenses. The company was founded on October 3, 1953 and is headquartered in Rio de Janeiro, Brazil.
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Today's Range

Now: $12.24
Low: $12.17
High: $12.37

50 Day Range

MA: $11.27
Low: $9.70
High: $12.29

52 Week Range

Now: $12.24
Low: $8.88
High: $16.32

Volume

19,579,876 shs

Average Volume

22,209,045 shs

Market Capitalization

$79.80 billion

P/E Ratio

2.27

Dividend Yield

16.82%

Beta

1.39

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: Bradesco Corretora, Credit Suisse Group AG, Itau BBA Securities, Itaú Unibanco Holding S.A., JPMorgan Chase & Co., 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?

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 $14.00, suggesting a possible upside of 14.4%. Credit Suisse Group AG has the highest price target set, predicting PBR will reach $16.00 in the next twelve months. The Goldman Sachs Group, Inc. has the lowest price target set, forecasting a price of $11.00 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 1 sell rating and 6 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 EOG Resources, Canadian Natural Resources, Occidental Petroleum, ENI and Pioneer Natural Resources. 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.