PETROLEO BRASIL/ADR (PBR) Expected to Announce Quarterly Sales of $25.79 Billion

Equities research analysts expect PETROLEO BRASIL/ADR (NYSE:PBR) to report $25.79 billion in sales for the current quarter, Zacks reports. Two analysts have provided estimates for PETROLEO BRASIL/ADR’s earnings. The lowest sales estimate is $24.67 billion and the highest is $26.91 billion. PETROLEO BRASIL/ADR posted sales of $20.82 billion during the same quarter last year, which suggests a positive year over year growth rate of 23.9%. The firm is expected to report its next earnings results on Thursday, August 9th.

On average, analysts expect that PETROLEO BRASIL/ADR will report full-year sales of $99.61 billion for the current fiscal year, with estimates ranging from $87.13 billion to $111.04 billion. For the next fiscal year, analysts forecast that the company will report sales of $104.19 billion per share, with estimates ranging from $81.31 billion to $133.65 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for PETROLEO BRASIL/ADR.

PETROLEO BRASIL/ADR (NYSE:PBR) last announced its quarterly earnings data on Tuesday, May 8th. The oil and gas exploration company reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.13. The company had revenue of $22.96 billion for the quarter, compared to analysts’ expectations of $25.75 billion. PETROLEO BRASIL/ADR had a return on equity of 5.01% and a net margin of 0.71%.

PBR has been the topic of a number of research reports. Credit Suisse Group set a $15.00 price objective on PETROLEO BRASIL/ADR and gave the company a “hold” rating in a report on Monday, June 4th. Bank of America cut PETROLEO BRASIL/ADR from a “buy” rating to a “neutral” rating in a report on Thursday, May 24th. UBS Group cut PETROLEO BRASIL/ADR from a “buy” rating to a “neutral” rating in a report on Friday, June 8th. Societe Generale cut PETROLEO BRASIL/ADR from a “buy” rating to a “hold” rating in a report on Monday, June 4th. Finally, Raymond James raised PETROLEO BRASIL/ADR from an “underperform” rating to a “market perform” rating in a report on Monday, June 11th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating and fourteen have issued a hold rating to the company’s stock. PETROLEO BRASIL/ADR has a consensus rating of “Hold” and an average target price of $12.55.

Shares of NYSE PBR opened at $9.41 on Friday. The stock has a market cap of $62.09 billion, a P/E ratio of 13.44 and a beta of 2.38. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.49 and a current ratio of 1.86. PETROLEO BRASIL/ADR has a 1-year low of $7.64 and a 1-year high of $17.20.

A number of institutional investors have recently made changes to their positions in PBR. Flow Traders U.S. LLC purchased a new position in PETROLEO BRASIL/ADR in the 4th quarter worth approximately $109,000. BB&T Securities LLC purchased a new position in PETROLEO BRASIL/ADR in the 1st quarter worth approximately $159,000. Marathon Trading Investment Management LLC purchased a new position in PETROLEO BRASIL/ADR in the 4th quarter worth approximately $194,000. HRT Financial LLC increased its stake in PETROLEO BRASIL/ADR by 99.0% in the 4th quarter. HRT Financial LLC now owns 25,308 shares of the oil and gas exploration company’s stock worth $260,000 after purchasing an additional 12,593 shares during the period. Finally, Atria Investments LLC purchased a new position in PETROLEO BRASIL/ADR in the 1st quarter worth approximately $287,000. 6.80% of the stock is currently owned by institutional investors and hedge funds.

PETROLEO BRASIL/ADR Company Profile

Petróleo Brasileiro SA – Petrobras operates in the oil, natural gas, and energy industries. The company's Exploration and Production segment engages in the exploration, development, and production of crude oil, natural gas liquids, and natural gas; and sale of surplus crude oil and oil products produced in the natural gas processing plants to the domestic and international markets.

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