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

  • Consensus Rating: Hold
  • Consensus Price Target: $12.26
  • Forecasted Upside: 15.29 %
  • Number of Analysts: 10
  • Breakdown:
  • 1 Sell Ratings
  • 4 Hold Ratings
  • 5 Buy Ratings
  • 0 Strong Buy Ratings
$10.63 As of 12/3/2021 05:00 PM ET
▲ +0.16 (1.53%)

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 $12.26
▲ +15.29% Upside Potential
This price target is based on 10 analysts offering 12 month price targets for Petróleo Brasileiro S.A. - Petrobras in the last 3 months. The average price target is $12.26, with a high forecast of $16.00 and a low forecast of $9.00. The average price target represents a 15.29% upside from the last price of $10.63.

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 10 investment analysts is to hold stock in Petróleo Brasileiro S.A. - Petrobras. This rating has held steady since March 2020, when it changed from a Buy consensus rating.

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
  • 3 hold ratings
  • 1 sell ratings
Ratings as of
6/12/2020
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 1 sell ratings
Ratings as of
9/10/2020
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 1 sell ratings
Ratings as of
12/9/2020
  • 0 strong buy ratings
  • 3 buy ratings
  • 3 hold ratings
  • 2 sell ratings
Ratings as of
3/9/2021
  • 0 strong buy ratings
  • 4 buy ratings
  • 4 hold ratings
  • 1 sell ratings
Ratings as of
6/7/2021
  • 0 strong buy ratings
  • 4 buy ratings
  • 4 hold ratings
  • 1 sell ratings
Ratings as of
9/5/2021
  • 0 strong buy ratings
  • 5 buy ratings
  • 4 hold ratings
  • 1 sell ratings
Ratings as of
11/4/2021
  • 0 strong buy ratings
  • 5 buy ratings
  • 4 hold ratings
  • 1 sell ratings
Ratings as of
12/4/2021

Latest Recommendations

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

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
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 Price 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 Price 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 Price TargetHold$15.00Low
10/30/2018Credit Suisse GroupSet Price 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 Price TargetHold$15.00Low
8/8/2018Societe GeneraleBoost Price 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 Price TargetHold$15.00Medium
6/4/2018Societe GeneraleDowngradeBuy ➝ HoldLow
6/1/2018JPMorgan Chase & Co.DowngradeOverweight ➝ NeutralHigh
5/30/2018SantanderDowngradeBuy ➝ HoldLow
5/24/2018UBS GroupDowngradeOutperform ➝ Market PerformHigh
5/24/2018Morgan StanleyDowngradeOverweight ➝ Equal Weight$13.00High
5/24/2018Credit Suisse GroupDowngradeOutperform ➝ Hold$11.00High
5/24/2018Bank of AmericaDowngradeBuy ➝ NeutralHigh
5/10/2018Bank of AmericaUpgradeNeutral ➝ BuyHigh
5/9/2018Societe GeneraleUpgradeHold ➝ BuyHigh
5/8/2018Credit Suisse GroupSet Price TargetHold$15.00High
4/23/2018Raymond JamesDowngradeMarket Perform ➝ Underperform$14.30Medium
4/22/2018Credit Suisse GroupSet Price TargetHold$15.00Low
3/12/2018Credit Suisse GroupReiterated RatingHold$15.00Low
2/1/2018The Goldman Sachs GroupUpgradeSell ➝ NeutralMedium
1/29/2018Credit Suisse GroupSet Price TargetHold$15.00Medium
1/23/2018HSBCDowngradeBuy ➝ HoldLow
1/18/2018Credit Suisse GroupDowngradeHold$12.00Low
12/25/2017Credit Suisse GroupSet Price TargetBuy$12.00Low
10/18/2017Societe GeneraleDowngradeBuy ➝ Hold$10.51 ➝ $11.00N/A
10/10/2017BarclaysSet Price TargetSell$8.00 ➝ $10.00N/A
10/4/2017Raymond JamesReiterated RatingMarket PerformLow
10/4/2017BarclaysReiterated RatingUnderweight$8.00Low
9/15/2017Credit Suisse GroupReiterated RatingBuyLow
9/1/2017Deutsche Bank AktiengesellschaftUpgradeSell ➝ HoldLow
8/15/2017Raymond JamesReiterated RatingMarket PerformLow
8/11/2017Credit Suisse GroupSet Price TargetBuy$12.00Low
8/5/2017Credit Suisse GroupSet Price TargetBuy$12.00Low
7/12/2017BarclaysReiterated RatingUnderweight$11.00 ➝ $8.00High
6/6/2017Credit Suisse GroupSet Price TargetBuy$12.00Low
5/28/2017Credit Suisse GroupSet Price TargetBuy$12.00Medium
5/15/2017Credit Suisse GroupReiterated RatingBuy$12.00Medium
5/5/2017Credit Suisse GroupReiterated RatingBuy$12.00High
4/24/2017Credit Suisse GroupReiterated RatingBuy$11.00Low
4/18/2017Credit Suisse GroupReiterated RatingBuy$11.00High
3/24/2017Societe GeneraleUpgradeHold ➝ BuyLow
3/22/2017Credit Suisse GroupUpgradeNeutral ➝ Outperform$11.00Medium
3/16/2017Credit Suisse GroupSet Price TargetHold$11.00High
3/6/2017Credit Suisse GroupReiterated RatingHold$11.00N/A
2/13/2017Credit Suisse GroupReiterated RatingHold$11.00N/A
2/13/2017JPMorgan Chase & Co.UpgradeNeutral ➝ Overweight$10.42 ➝ $10.63N/A
2/4/2017Credit Suisse GroupSet Price TargetHold$11.00N/A
2/1/2017BarclaysReiterated RatingUnderweight$11.00N/A
12/25/2016Credit Suisse GroupSet Price TargetHold$11.00N/A
(Data available from 12/5/2016 forward)

News Sentiment Rating

0.42 (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
  • 0 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
5/9/2021
  • 0 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
6/8/2021
  • 2 very positive mentions
  • 6 positive mentions
  • 1 negative mentions
  • 3 very negative mentions
Mentions as of
7/8/2021
  • 5 very positive mentions
  • 10 positive mentions
  • 1 negative mentions
  • 3 very negative mentions
Mentions as of
8/7/2021
  • 6 very positive mentions
  • 11 positive mentions
  • 3 negative mentions
  • 2 very negative mentions
Mentions as of
9/6/2021
  • 6 very positive mentions
  • 6 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
10/6/2021
  • 9 very positive mentions
  • 8 positive mentions
  • 6 negative mentions
  • 6 very negative mentions
Mentions as of
11/5/2021
  • 8 very positive mentions
  • 14 positive mentions
  • 1 negative mentions
  • 4 very negative mentions
Mentions as of
12/5/2021

Current Sentiment

  • 8 very positive mentions
  • 14 positive mentions
  • 1 negative mentions
  • 4 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: $10.63
Low: $10.38
High: $10.69

50 Day Range

MA: $10.39
Low: $9.53
High: $11.09

52 Week Range

Now: $10.63
Low: $7.06
High: $12.38

Volume

45,500,178 shs

Average Volume

33,059,270 shs

Market Capitalization

$69.33 billion

P/E Ratio

2.70

Dividend Yield

5.83%

Beta

1.73

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, HSBC Holdings plc, Itau BBA Securities, JPMorgan Chase & Co., Scotiabank, The Goldman Sachs Group, Inc., UBS Group AG, and Zacks Investment Research.
View the latest analyst ratings for PBR.

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

9 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 $12.26, suggesting a possible upside of 15.3%. Scotiabank has the highest price target set, predicting PBR will reach $16.00 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 1 sell rating, 4 hold ratings and 5 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 TotalEnergies, PetroChina, EOG Resources, ENI, Canadian Natural Resources, Pioneer Natural Resources, Devon Energy, Hong Kong and China Gas, Ecopetrol, Occidental Petroleum, Cenovus Energy, RWE Aktiengesellschaft, Diamondback Energy, Coterra Energy and Continental Resources.

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.