PriceTargets.com logo

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

  • Consensus Rating: Moderate Buy
  • Consensus Price Target: $18.24
  • Forecasted Upside: 39.90%
  • Number of Analysts: 8
  • Breakdown:
  • 0 Sell Ratings
  • 3 Hold Ratings
  • 5 Buy Ratings
  • 0 Strong Buy Ratings
$13.04 As of 12/20/2024 06:45 PM ET
▲ +0.09 (0.69%)

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

Skip Closing Price Chart
1 month | 3 months | 12 months
Get New Petróleo Brasileiro S.A. - Petrobras Analyst Ratings Delivered To Your Inbox
Sign-up to receive the latest news and ratings for PBR and its competitors with Analyst Ratings Network’s free daily newsletter.

Analyst Price Target for PBR

Analyst Price Target is $18.24
▲ +39.90% Upside Potential
This price target is based on 8 analysts offering 12 month price targets for Petróleo Brasileiro S.A. - Petrobras in the last 3 months. The average price target is $18.24, with a high forecast of $20.00 and a low forecast of $17.00. The average price target represents a 39.90% upside from the last price of $13.04.

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

Read Analyst Price Chart DescriptionSkip Analyst Price Chart




Current Consensus is Moderate Buy

The current consensus among 8 polled investment analysts is to moderate buy stock in Petróleo Brasileiro S.A. - Petrobras. This rating has held steady since June 2024, when it changed from a Hold 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
  • 3 buy ratings
  • 4 hold ratings
  • 1 sell ratings
Ratings as of
6/29/2023
  • 0 strong buy ratings
  • 6 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
9/27/2023
  • 0 strong buy ratings
  • 7 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
12/26/2023
  • 0 strong buy ratings
  • 5 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
3/25/2024
  • 0 strong buy ratings
  • 3 buy ratings
  • 5 hold ratings
  • 0 sell ratings
Ratings as of
6/23/2024
  • 0 strong buy ratings
  • 5 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
9/21/2024
  • 0 strong buy ratings
  • 5 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
11/20/2024
  • 0 strong buy ratings
  • 5 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
12/20/2024

Latest Recommendations

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

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
11/12/2024The Goldman Sachs GroupBoost TargetBuy ➝ Buy$15.40 ➝ $17.00
10/21/2024Hsbc Global ResDowngradeStrong-Buy ➝ Hold
10/21/2024HSBCDowngradeBuy ➝ Hold
9/25/2024JPMorgan Chase & Co.UpgradeNeutral ➝ Overweight$16.50 ➝ $19.00
8/26/2024Morgan StanleyUpgradeEqual Weight ➝ Overweight$18.00 ➝ $20.00
8/19/2024UBS GroupLower TargetBuy ➝ Buy$19.40 ➝ $18.10
8/13/2024The Goldman Sachs GroupLower TargetBuy ➝ Buy$19.30 ➝ $16.70
6/27/2024Bank of AmericaUpgradeNeutral ➝ Buy$16.80 ➝ $17.90
5/15/2024Jefferies Financial GroupDowngradeBuy ➝ Hold$21.20 ➝ $17.70
3/25/2024UBS GroupBoost TargetBuy ➝ Buy$17.20 ➝ $17.40
3/25/2024HSBCUpgradeHold ➝ Buy$18.00
3/11/2024Morgan StanleyDowngradeOverweight ➝ Equal Weight$20.00 ➝ $18.00
3/8/2024Bank of AmericaDowngradeBuy ➝ Neutral$16.00
10/13/2023HSBCUpgradeHold ➝ Buy
9/21/2023Jefferies Financial GroupInitiated CoverageBuy$21.20
9/8/2023Bradesco CorretoraUpgradeNeutral ➝ Outperform$15.00
8/24/2023UBS GroupUpgradeNeutral ➝ Buy$13.10 ➝ $17.50
8/23/2023Bank of AmericaUpgradeNeutral ➝ Buy
8/11/2023UBS GroupUpgradeSell ➝ Neutral
8/10/2023HSBCDowngradeBuy ➝ Hold$13.00
8/10/2023CitigroupDowngradeBuy ➝ Neutral$19.00 ➝ $14.00
8/4/2023JPMorgan Chase & Co.DowngradeOverweight ➝ Neutral$15.00 ➝ $14.50
7/27/2023Bradesco CorretoraReiterated RatingOutperform ➝ Neutral$10.00
6/20/2023The Goldman Sachs GroupUpgradeNeutral ➝ Buy
6/12/2023JPMorgan Chase & Co.UpgradeNeutral ➝ Overweight$11.50 ➝ $15.50
6/7/2023Morgan StanleyUpgradeEqual Weight ➝ Overweight$12.50 ➝ $16.50
12/21/2022The Goldman Sachs GroupLower TargetNeutral$13.60 ➝ $11.00
12/13/2022Bradesco CorretoraDowngradeOutperform ➝ Neutral
11/21/2022UBS GroupDowngradeBuy ➝ Sell
11/4/2022The Goldman Sachs GroupDowngradeBuy ➝ Neutral$13.60 ➝ $12.30
10/31/2022JPMorgan Chase & Co.DowngradeOverweight ➝ Neutral$20.00 ➝ $14.00
10/27/2022The Goldman Sachs GroupBoost TargetBuy$13.00 ➝ $14.70
10/17/2022Credit Suisse GroupDowngradeOutperform ➝ Neutral$20.00 ➝ $16.00
8/30/2022Itaú UnibancoDowngradeMarket Perform$14.50
8/30/2022Itau BBA SecuritiesDowngradeOutperform ➝ Market Perform$14.50
3/8/2022Bank of AmericaDowngradeBuy ➝ Neutral
12/15/2021The Goldman Sachs GroupUpgradeNeutral ➝ Buy$14.20
11/16/2021HSBCUpgradeHold ➝ Buy
10/14/2021HSBCDowngradeBuy ➝ Hold$12.00
8/5/2021ScotiabankUpgradeSector Perform ➝ Sector Outperform$15.50 ➝ $16.00
8/5/2021Credit Suisse GroupUpgradeNeutral ➝ Outperform$14.00
5/28/2021JPMorgan Chase & Co.UpgradeNeutral ➝ Overweight$11.00 ➝ $13.00
5/14/2021Grupo SantanderUpgradeUnderperform ➝ Hold$11.00
5/14/2021Itau BBA SecuritiesUpgradeMarket Perform ➝ Outperform$14.00
4/22/2021JPMorgan Chase & Co.UpgradeUnderweight ➝ Neutral$11.00
4/20/2021The Goldman Sachs GroupReiterated RatingBuy ➝ Neutral$10.30
4/14/2021The Goldman Sachs GroupDowngradeBuy ➝ Neutral$10.30
3/15/2021Bank of AmericaUpgradeUnderperform ➝ Neutral
2/22/2021Grupo SantanderDowngradeBuy ➝ Hold
2/22/2021UBS GroupDowngradeNeutral ➝ Underperform$13.00 ➝ $9.00
2/22/2021Credit Suisse GroupDowngradeOutperform ➝ Underperform
2/22/2021Bank of AmericaDowngradeBuy ➝ Underperform$11.00
2/22/2021JPMorgan Chase & Co.DowngradeOverweight ➝ Underweight$17.00 ➝ $9.00
2/22/2021ScotiabankDowngradeSector Outperform ➝ Sector Perform$15.25 ➝ $14.00
2/8/2021Bradesco CorretoraDowngradeOutperform ➝ Neutral
7/22/2020ScotiabankBoost TargetSector Outperform$12.50 ➝ $13.00
5/18/2020Raymond JamesDowngradeMarket Perform ➝ Underperform
5/14/2020Bank of AmericaDowngradeBuy ➝ Neutral$10.00 ➝ $7.50
5/8/2020Bradesco CorretoraUpgradeNeutral ➝ Outperform
4/29/2020ScotiabankUpgradeSector Perform ➝ Outperform
4/17/2020Bank of AmericaLower TargetBuy$11.00 ➝ $10.00
(Data available from 12/21/2019 forward)

News Sentiment Rating

0.38 (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
  • 22 positive mentions
  • 12 negative mentions
  • 6 very negative mentions
Mentions as of
5/25/2024
  • 4 very positive mentions
  • 9 positive mentions
  • 3 negative mentions
  • 0 very negative mentions
Mentions as of
6/24/2024
  • 3 very positive mentions
  • 3 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
7/24/2024
  • 8 very positive mentions
  • 9 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
8/23/2024
  • 12 very positive mentions
  • 18 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Mentions as of
9/22/2024
  • 11 very positive mentions
  • 10 positive mentions
  • 3 negative mentions
  • 0 very negative mentions
Mentions as of
10/22/2024
  • 18 very positive mentions
  • 18 positive mentions
  • 3 negative mentions
  • 0 very negative mentions
Mentions as of
11/21/2024
  • 5 very positive mentions
  • 19 positive mentions
  • 3 negative mentions
  • 0 very negative mentions
Mentions as of
12/21/2024

Current Sentiment

  • 5 very positive mentions
  • 19 positive mentions
  • 3 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

Positive

Very Positive

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 three segments: Exploration and Production; Refining, Transportation and Marketing; and Gas and Power. 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, acquisition, and exports of crude oil; and production of fertilizers, 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; renewable energy businesses; low carbon services; and natural gas processing business, as well as production of biodiesel and its co-products. The company 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. In addition, 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: $13.04
Low: $12.96
High: $13.17

50 Day Range

MA: $13.93
Low: $12.84
High: $14.90

52 Week Range

Now: $13.04
Low: $12.77
High: $17.91

Volume

15,179,531 shs

Average Volume

17,546,561 shs

Market Capitalization

$85.05 billion

P/E Ratio

5.09

Dividend Yield

6.76%

Beta

1.41

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., Hsbc Global Res, HSBC Holdings plc, Jefferies Financial Group Inc., JPMorgan Chase & Co., Morgan Stanley, 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?

0 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 $18.24, suggesting a possible upside of 39.9%. Morgan Stanley has the highest price target set, predicting PBR will reach $20.00 in the next twelve months. The Goldman Sachs Group, Inc. has the lowest price target set, forecasting a price of $17.00 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 3 hold ratings and 5 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Moderate Buy."
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 Chesapeake Energy, Chesapeake Energy, HighPeak Energy, Moove Lubricants and PermRock Royalty Trust. 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.